Pier Capital LLC lowered its position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 39.8% during the 3rd quarter, Holdings Channel reports. The fund owned 93,206 shares of the semiconductor company’s stock after selling 61,539 shares during the period. Pier Capital LLC’s holdings in Lattice Semiconductor were worth $6,834,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in LSCC. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Lattice Semiconductor by 0.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 21,312 shares of the semiconductor company’s stock valued at $1,563,000 after acquiring an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Lattice Semiconductor by 46.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 476 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 151 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Lattice Semiconductor by 1.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,910 shares of the semiconductor company’s stock worth $873,000 after purchasing an additional 166 shares in the last quarter. Journey Strategic Wealth LLC grew its position in Lattice Semiconductor by 4.8% in the 3rd quarter. Journey Strategic Wealth LLC now owns 4,788 shares of the semiconductor company’s stock valued at $351,000 after purchasing an additional 221 shares during the period. Finally, ProShare Advisors LLC grew its position in Lattice Semiconductor by 1.0% in the 2nd quarter. ProShare Advisors LLC now owns 22,479 shares of the semiconductor company’s stock valued at $1,101,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 4.8%
Shares of Lattice Semiconductor stock opened at $86.40 on Friday. The company has a market capitalization of $11.82 billion, a P/E ratio of 4,322.16, a price-to-earnings-growth ratio of 3.32 and a beta of 1.65. The stock has a fifty day simple moving average of $88.98 and a 200 day simple moving average of $76.85. Lattice Semiconductor Corporation has a 12-month low of $34.69 and a 12-month high of $108.08.
Analysts Set New Price Targets
A number of analysts have commented on LSCC shares. Wall Street Zen upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $80.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Jefferies Financial Group lifted their price objective on shares of Lattice Semiconductor from $85.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Susquehanna boosted their target price on shares of Lattice Semiconductor from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, February 11th. Finally, Benchmark upped their target price on shares of Lattice Semiconductor from $82.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.64.
View Our Latest Stock Report on Lattice Semiconductor
Insider Activity at Lattice Semiconductor
In related news, Director Robin Ann Abrams sold 8,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $99.75, for a total transaction of $798,000.00. Following the transaction, the director directly owned 98,398 shares of the company’s stock, valued at $9,815,200.50. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Lederer sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $96.96, for a total transaction of $484,800.00. Following the transaction, the director owned 50,550 shares in the company, valued at approximately $4,901,328. This trade represents a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 55,579 shares of company stock valued at $5,077,857 over the last three months. Insiders own 1.80% of the company’s stock.
Lattice Semiconductor 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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