Greenwood Capital Associates LLC bought a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 6,481 shares of the semiconductor company’s stock, valued at approximately $318,000.
A number of other hedge funds have also made changes to their positions in LSCC. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 1,517,395 shares in the last quarter. Invesco Ltd. grew its holdings in Lattice Semiconductor by 93.2% during the 1st quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company’s stock worth $113,192,000 after acquiring an additional 1,040,804 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Lattice Semiconductor by 146.8% during the 1st quarter. Alliancebernstein L.P. now owns 1,440,083 shares of the semiconductor company’s stock worth $75,532,000 after acquiring an additional 856,568 shares during the last quarter. Nuveen LLC bought a new stake in Lattice Semiconductor during the 1st quarter worth about $25,906,000. Finally, Wellington Management Group LLP grew its holdings in Lattice Semiconductor by 71.8% during the 1st quarter. Wellington Management Group LLP now owns 914,217 shares of the semiconductor company’s stock worth $47,951,000 after acquiring an additional 382,106 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Price Performance
Shares of NASDAQ:LSCC opened at $72.71 on Friday. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 316.14, a P/E/G ratio of 5.35 and a beta of 1.66. The firm’s 50 day simple moving average is $64.64 and its 200 day simple moving average is $54.89. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $76.61.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on LSCC shares. TD Cowen decreased their price objective on shares of Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Saturday, September 27th. Rosenblatt Securities reissued a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Benchmark increased their price objective on shares of Lattice Semiconductor from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Finally, Loop Capital reduced their target price on shares of Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.92.
Read Our Latest Stock Analysis on LSCC
Insider Activity at Lattice Semiconductor
In other Lattice Semiconductor news, Director Robin Ann Abrams sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $64.98, for a total transaction of $974,700.00. Following the sale, the director directly owned 107,538 shares in the company, valued at approximately $6,987,819.24. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tracy Ann Feanny sold 5,965 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $66.50, for a total transaction of $396,672.50. Following the sale, the senior vice president owned 79,480 shares in the company, valued at $5,285,420. This trade represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,844 shares of company stock worth $1,852,392 in the last ninety days. Company insiders own 1.80% 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.
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