Global X Japan Co. Ltd. Boosts Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Global X Japan Co. Ltd. grew its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 50.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,872 shares of the semiconductor company’s stock after purchasing an additional 5,318 shares during the period. Global X Japan Co. Ltd.’s holdings in Lattice Semiconductor were worth $920,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Lattice Semiconductor by 95.1% in the 4th quarter. Van ECK Associates Corp now owns 357 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 174 shares during the last quarter. American National Bank acquired a new position in Lattice Semiconductor during the fourth quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in shares of Lattice Semiconductor in the 1st quarter valued at $30,000. Principal Securities Inc. acquired a new position in Lattice Semiconductor in the 4th quarter valued at about $31,000. Finally, West Oak Capital LLC increased its holdings in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 550 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $42.49 on Tuesday. The stock’s 50-day moving average is $51.52 and its 200-day moving average is $64.41. The company has a market cap of $5.85 billion, a P/E ratio of 27.24 and a beta of 1.38. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $92.94.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period in the prior year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down 34.7% on a year-over-year basis. As a group, equities analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LSCC. Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Thursday, August 8th. Susquehanna cut their price objective on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. TD Cowen lowered their target price on shares of Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. KeyCorp cut their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Finally, Benchmark reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.