William Blair Investment Management LLC bought a new position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,160,417 shares of the semiconductor company’s stock, valued at approximately $177,497,000. William Blair Investment Management LLC owned approximately 0.85% of Lattice Semiconductor as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of LSCC. iSAM Funds UK Ltd bought a new stake in Lattice Semiconductor in the third quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in Lattice Semiconductor by 462.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 324 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in Lattice Semiconductor during the third quarter valued at about $31,000. Advisory Services Network LLC acquired a new stake in shares of Lattice Semiconductor in the third quarter worth about $34,000. Finally, Larson Financial Group LLC lifted its position in shares of Lattice Semiconductor by 52.2% in the fourth quarter. Larson Financial Group LLC now owns 589 shares of the semiconductor company’s stock worth $43,000 after buying an additional 202 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Stock Up 0.1%
LSCC stock opened at $117.69 on Friday. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 452.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.81. The company has a 50-day moving average of $133.69 and a two-hundred day moving average of $118.59. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.33.
Insiders Place Their Bets
In other news, SVP Tracy Ann Feanny sold 2,740 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $151.84, for a total value of $416,041.60. Following the completion of the sale, the senior vice president directly owned 63,084 shares of the company’s stock, valued at approximately $9,578,674.56. This represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 6,101 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $153.94, for a total transaction of $939,187.94. Following the completion of the sale, the director owned 41,201 shares in the company, valued at approximately $6,342,481.94. The trade was a 12.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 28,502 shares of company stock valued at $4,005,820. Corporate insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on LSCC shares. Needham & Company LLC increased their price objective on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Rosenblatt Securities restated a “buy” rating and issued a $175.00 target price on shares of Lattice Semiconductor in a report on Tuesday, August 4th. Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. KeyCorp increased their price target on Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $144.38.
View Our Latest Stock Analysis on Lattice Semiconductor
About Lattice Semiconductor
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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