MidFirst Bank bought a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,036 shares of the semiconductor company’s stock, valued at approximately $297,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Elevatus Welath Management acquired a new position in shares of Lattice Semiconductor during the 4th quarter valued at about $2,792,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Lattice Semiconductor in the fourth quarter worth approximately $8,344,000. Assenagon Asset Management S.A. acquired a new stake in shares of Lattice Semiconductor in the fourth quarter worth approximately $4,090,000. William Blair Investment Management LLC purchased a new stake in Lattice Semiconductor in the third quarter valued at approximately $102,185,000. Finally, NZS Capital LLC grew its holdings in Lattice Semiconductor by 6.0% in the third quarter. NZS Capital LLC now owns 671,146 shares of the semiconductor company’s stock valued at $49,208,000 after purchasing an additional 38,115 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.
Lattice Semiconductor Price Performance
LSCC opened at $153.72 on Friday. Lattice Semiconductor Corporation has a 52-week low of $46.43 and a 52-week high of $155.82. The company has a 50 day moving average of $130.68 and a two-hundred day moving average of $101.94. The company has a market cap of $21.06 billion, a P/E ratio of 1,098.08, a P/E/G ratio of 3.82 and a beta of 1.79.
Insider Buying and Selling
In other news, Director James P. Lederer sold 6,101 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $153.94, for a total value 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. This trade represents a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 2,740 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $151.84, for a total value of $416,041.60. Following the sale, the senior vice president owned 63,084 shares in the company, valued at approximately $9,578,674.56. The trade was a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,080 shares of company stock worth $2,045,078. Company insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on LSCC shares. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research raised shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Stifel Nicolaus upped their price objective on Lattice Semiconductor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group increased their target price on Lattice Semiconductor from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, KeyCorp lifted their target price on Lattice Semiconductor from $125.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Buy” and a consensus price target of $130.86.
View Our Latest Stock Report on Lattice Semiconductor
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.
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