Federated Hermes Inc. Sells 8,230 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Federated Hermes Inc. trimmed its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 35.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,945 shares of the semiconductor company’s stock after selling 8,230 shares during the period. Federated Hermes Inc.’s holdings in Lattice Semiconductor were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LSCC. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the first quarter valued at about $30,000. Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $31,000. GAMMA Investing LLC boosted its stake in Lattice Semiconductor by 82.4% during the 1st quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 333 shares during the period. West Oak Capital LLC grew its holdings in Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares during the last quarter. Finally, Davidson Capital Management Inc. bought a new position in Lattice Semiconductor in the 1st quarter worth approximately $78,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lattice Semiconductor

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

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $52.82 on Monday. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 33.86 and a beta of 1.38. The business’s fifty day moving average price is $49.28 and its two-hundred day moving average price is $62.63. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $87.64.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on LSCC. Needham & Company LLC restated a “buy” rating and issued a $61.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. TD Cowen raised Lattice Semiconductor to a “strong-buy” rating in a research report on Monday, September 16th. KeyCorp lowered their price target on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

About Lattice Semiconductor

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.