The Manufacturers Life Insurance Company acquired a new position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 86,763 shares of the semiconductor company’s stock, valued at approximately $13,271,000.
Several other institutional investors and hedge funds also recently bought and sold shares of LSCC. BlackRock Inc. purchased a new position in Lattice Semiconductor during the second quarter valued at approximately $2,637,161,000. Invesco Ltd. lifted its stake in shares of 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 in the last quarter. State Street Corp increased its stake in Lattice Semiconductor by 1.8% in the 2nd 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 raised its holdings 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 valued at $254,433,000 after acquiring an additional 84,812 shares during the period. Finally, Bank of America Corp DE lifted its position 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 valued at $156,083,000 after acquiring an additional 1,390,109 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on LSCC. Royal Bank Of Canada boosted their price target on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. KeyCorp lifted their price objective on shares of Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Jefferies Financial Group lifted their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Friday, July 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor presently has an average rating of “Buy” and an average price target of $147.46.
Insider Buying and Selling
In other Lattice Semiconductor news, Director James P. Lederer sold 6,101 shares of Lattice Semiconductor stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $153.94, for a total transaction of $939,187.94. Following the completion of the transaction, the director directly owned 41,201 shares of the company’s stock, valued at $6,342,481.94. The trade was a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $142.89, for a total transaction of $291,352.71. Following the transaction, the senior vice president owned 73,519 shares in the company, valued at $10,505,129.91. This trade represents a 2.70% decrease in their position. 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 a total of 28,502 shares of company stock worth $4,005,820 in the last 90 days. Company insiders own 0.62% of the company’s stock.
Lattice Semiconductor Stock Performance
Lattice Semiconductor stock opened at $114.40 on Friday. The company’s 50-day moving average price is $130.58 and its 200-day moving average price is $119.78. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $15.67 billion, a PE ratio of 440.00, a price-to-earnings-growth ratio of 1.83 and a beta of 1.81. Lattice Semiconductor Corporation has a twelve month low of $60.50 and a twelve month high of $157.01.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.44 by $0.09. Lattice Semiconductor had a return on equity of 10.92% and a net margin of 5.58%.The company had revenue of $201.08 million during the quarter, compared to analyst estimates of $185.50 million. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue was up 62.2% on a year-over-year basis. Lattice Semiconductor has set its Q3 2026 guidance at 0.540-0.580 EPS. On average, equities research analysts forecast that Lattice Semiconductor Corporation will post 1.12 EPS for the current fiscal year.
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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