Principal Financial Group Inc. Lowers Stock Holdings in Lattice Semiconductor Corporation $LSCC

Principal Financial Group Inc. cut its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 303,271 shares of the semiconductor company’s stock after selling 9,598 shares during the period. Principal Financial Group Inc.’s holdings in Lattice Semiconductor were worth $22,236,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LSCC. Thrivent Financial for Lutherans increased its stake in Lattice Semiconductor by 21.0% in the third quarter. Thrivent Financial for Lutherans now owns 210,852 shares of the semiconductor company’s stock valued at $15,460,000 after purchasing an additional 36,638 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at about $212,000. Bryn Mawr Trust Advisors LLC increased its stake in shares of Lattice Semiconductor by 7.5% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 4,918 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 341 shares during the last quarter. AlphaQuest LLC lifted its holdings in shares of Lattice Semiconductor by 71.1% during the 3rd quarter. AlphaQuest LLC now owns 6,513 shares of the semiconductor company’s stock worth $478,000 after acquiring an additional 2,707 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Lattice Semiconductor by 1.3% in the third quarter. Arizona State Retirement System now owns 40,659 shares of the semiconductor company’s stock worth $2,981,000 after acquiring an additional 523 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 839 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $78.09, for a total value of $65,517.51. Following the sale, the senior vice president owned 104,208 shares in the company, valued at approximately $8,137,602.72. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Ann Feanny sold 9,965 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $73.44, for a total transaction of $731,829.60. Following the transaction, the senior vice president directly owned 61,740 shares in the company, valued at $4,534,185.60. The trade was a 13.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 19,105 shares of company stock valued at $1,369,590. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $86.41 on Friday. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $89.92. The company has a market capitalization of $11.82 billion, a price-to-earnings ratio of 432.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70. The firm’s fifty day moving average price is $79.56 and its 200 day moving average price is $70.76.

Analyst Ratings Changes

Several analysts have recently issued reports on LSCC shares. Raymond James Financial reissued an “outperform” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and set a $80.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, November 4th. Wall Street Zen lowered Lattice Semiconductor from a “buy” rating to a “hold” rating in a research note on Saturday. Rosenblatt Securities lifted their price objective on Lattice Semiconductor from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus boosted their target price on Lattice Semiconductor from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Buy” and an average target price of $82.38.

Lattice Semiconductor Company Profile

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.