Fred Alger Management LLC Sells 2,994 Shares of Lattice Semiconductor Corporation $LSCC

Fred Alger Management LLC trimmed its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 4.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,126 shares of the semiconductor company’s stock after selling 2,994 shares during the period. Fred Alger Management LLC’s holdings in Lattice Semiconductor were worth $3,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LSCC. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lattice Semiconductor by 24.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,800,552 shares of the semiconductor company’s stock worth $409,139,000 after acquiring an additional 1,517,395 shares during the period. Invesco Ltd. raised its position in Lattice Semiconductor by 93.2% during the first quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company’s stock valued at $113,192,000 after purchasing an additional 1,040,804 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Lattice Semiconductor by 37.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company’s stock worth $88,713,000 after purchasing an additional 425,199 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Lattice Semiconductor by 2.3% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,559,055 shares of the semiconductor company’s stock valued at $81,772,000 after purchasing an additional 35,510 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Lattice Semiconductor by 146.8% in the 1st quarter. Alliancebernstein L.P. now owns 1,440,083 shares of the semiconductor company’s stock valued at $75,532,000 after purchasing an additional 856,568 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen dropped their price objective on Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Loop Capital lowered their target price on Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Rosenblatt Securities restated a “buy” rating and issued a $72.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, August 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Buy” and a consensus price target of $63.58.

Lattice Semiconductor Price Performance

LSCC opened at $66.13 on Wednesday. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $70.55. The company’s 50 day moving average price is $58.30 and its two-hundred day moving average price is $53.76. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 287.53, a PEG ratio of 4.90 and a beta of 1.62.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, August 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $123.97 million during the quarter, compared to the consensus estimate of $123.60 million. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. Lattice Semiconductor has set its Q3 2025 guidance at 0.260-0.300 EPS. As a group, equities research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Insider Buying and Selling

In other news, Director Robin Ann Abrams sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $64.98, for a total transaction of $974,700.00. Following the completion of the transaction, the director directly owned 107,538 shares in the company, valued at $6,987,819.24. This trade represents a 12.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy Ann Feanny sold 5,965 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $66.50, for a total value of $396,672.50. Following the completion of the transaction, the senior vice president directly owned 79,480 shares in the company, valued at approximately $5,285,420. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,404 shares of company stock valued at $1,594,632 in the last three months. Insiders own 1.19% of the company’s stock.

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.