Commerce Bank bought a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,567 shares of the semiconductor company’s stock, valued at approximately $699,000.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada lifted its stake in Lattice Semiconductor by 213.3% in the 1st quarter. Royal Bank of Canada now owns 176,938 shares of the semiconductor company’s stock worth $9,280,000 after acquiring an additional 120,464 shares in the last quarter. AQR Capital Management LLC grew its stake in Lattice Semiconductor by 59.5% during the 1st quarter. AQR Capital Management LLC now owns 8,799 shares of the semiconductor company’s stock valued at $460,000 after acquiring an additional 3,283 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Lattice Semiconductor by 37.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 963,493 shares of the semiconductor company’s stock valued at $50,535,000 after purchasing an additional 264,329 shares during the period. Cetera Investment Advisers increased its holdings in shares of Lattice Semiconductor by 28.8% in the 2nd quarter. Cetera Investment Advisers now owns 6,432 shares of the semiconductor company’s stock valued at $315,000 after purchasing an additional 1,440 shares during the period. Finally, Guggenheim Capital LLC lifted its position in shares of Lattice Semiconductor by 9.5% in the second quarter. Guggenheim Capital LLC now owns 19,746 shares of the semiconductor company’s stock worth $967,000 after purchasing an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
Shares of LSCC opened at $119.34 on Thursday. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 459.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.81. The company’s fifty day moving average is $132.03 and its 200-day moving average is $119.58. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. Lattice Semiconductor Corporation has a 12 month low of $60.50 and a 12 month high of $157.01.
Insider Buying and Selling
In other news, SVP Tracy Ann Feanny sold 2,740 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $151.84, for a total transaction of $416,041.60. Following the transaction, the senior vice president owned 63,084 shares of the company’s stock, valued at approximately $9,578,674.56. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $134.77, for a total value of $2,121,549.34. Following the completion of the transaction, the senior vice president directly owned 155,420 shares in the company, valued at $20,945,953.40. The trade was a 9.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,502 shares of company stock valued at $4,005,820 in the last three months. 0.62% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently commented on LSCC. TD Cowen raised their price target on shares of Lattice Semiconductor from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Rosenblatt Securities reissued a “buy” rating and set a $175.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Lattice Semiconductor has an average rating of “Buy” and a consensus price target of $147.46.
Get Our Latest Stock Analysis on LSCC
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.
Further Reading
- Five stocks we like better than Lattice Semiconductor
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
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.
