Bryn Mawr Trust Advisors LLC acquired a new position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,577 shares of the semiconductor company’s stock, valued at approximately $224,000.
Several other institutional investors have also recently made changes to their positions in LSCC. Teacher Retirement System of Texas bought a new position in Lattice Semiconductor in the 1st quarter worth approximately $1,058,000. Allworth Financial LP lifted its holdings in shares of Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock worth $28,000 after buying an additional 222 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Lattice Semiconductor by 1.2% during the first quarter. State of Michigan Retirement System now owns 33,062 shares of the semiconductor company’s stock worth $1,734,000 after acquiring an additional 400 shares during the last quarter. Xponance Inc. grew its stake in Lattice Semiconductor by 2.2% during the first quarter. Xponance Inc. now owns 27,400 shares of the semiconductor company’s stock valued at $1,437,000 after acquiring an additional 584 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its holdings in Lattice Semiconductor by 1.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 887,504 shares of the semiconductor company’s stock valued at $46,550,000 after acquiring an additional 9,137 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Up 1.6%
Shares of LSCC opened at $63.49 on Friday. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $76.61. The company has a market cap of $8.68 billion, a P/E ratio of 276.06, a P/E/G ratio of 5.63 and a beta of 1.74. The company’s fifty day simple moving average is $69.69 and its 200-day simple moving average is $58.74.
Analyst Ratings Changes
Several research firms have commented on LSCC. Benchmark increased their price objective on shares of Lattice Semiconductor from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Jefferies Financial Group upgraded Lattice Semiconductor to a “strong-buy” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on Lattice Semiconductor and gave the stock a “buy” rating in a report on Tuesday, October 28th. Weiss Ratings lowered shares of Lattice Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Wall Street Zen raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $77.58.
View Our Latest Research Report on LSCC
Insider Transactions at Lattice Semiconductor
In related news, Director Robin Ann Abrams sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 107,538 shares of the company’s stock, valued at approximately $6,987,819.24. This trade represents a 12.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 5,965 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $66.50, for a total value of $396,672.50. Following the transaction, the senior vice president owned 79,480 shares of the company’s stock, valued at approximately $5,285,420. The trade was a 6.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,844 shares of company stock worth $1,852,392. 1.80% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Lattice Semiconductor
- Growth Stocks: What They Are, Examples and How to Invest
- Rivian’s Chart Says Go, But Some Analysts Still Say No
- Best Stocks Under $5.00
- e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts
- Golden Cross Stocks: Pattern, Examples and Charts
- T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
