Lattice Semiconductor Corporation (NASDAQ:LSCC – Get Free Report) SVP Tracy Ann Feanny sold 1,880 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total transaction of $237,688.40. Following the completion of the transaction, the senior vice president directly owned 60,221 shares in the company, valued at $7,613,741.03. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tracy Ann Feanny also recently made the following trade(s):
- On Thursday, June 4th, Tracy Ann Feanny sold 2,740 shares of Lattice Semiconductor stock. The stock was sold at an average price of $151.84, for a total transaction of $416,041.60.
Lattice Semiconductor Trading Down 5.3%
Shares of Lattice Semiconductor stock opened at $117.68 on Thursday. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 452.62, a price-to-earnings-growth ratio of 1.88 and a beta of 1.81. Lattice Semiconductor Corporation has a 52-week low of $59.37 and a 52-week high of $157.01. The company’s 50-day simple moving average is $134.73 and its 200-day simple moving average is $118.33. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04.
Hedge Funds Weigh In On Lattice Semiconductor
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Lattice Semiconductor in the second quarter valued at approximately $2,637,161,000. Invesco Ltd. grew its holdings in Lattice Semiconductor by 177.3% during the 3rd quarter. Invesco Ltd. now owns 6,076,616 shares of the semiconductor company’s stock valued at $445,538,000 after buying an additional 3,885,482 shares during the last quarter. State Street Corp increased its position in Lattice Semiconductor by 1.8% during the second quarter. State Street Corp now owns 4,852,380 shares of the semiconductor company’s stock worth $237,718,000 after buying an additional 85,973 shares in the last quarter. Geode Capital Management LLC increased its position in Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,457,389 shares of the semiconductor company’s stock worth $254,433,000 after buying an additional 84,812 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Lattice Semiconductor by 77.4% in the second quarter. Bank of America Corp DE now owns 3,186,024 shares of the semiconductor company’s stock worth $156,083,000 after acquiring an additional 1,390,109 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. KeyCorp upped their price objective on Lattice Semiconductor from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. TD Cowen raised their price objective on shares of Lattice Semiconductor from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $144.38.
View Our Latest Report 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.
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