Public Employees Retirement System of Ohio acquired a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,614 shares of the semiconductor company’s stock, valued at approximately $6,518,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LSCC. HB Wealth Management LLC increased its stake in Lattice Semiconductor by 3.7% in the first quarter. HB Wealth Management LLC now owns 3,335 shares of the semiconductor company’s stock valued at $309,000 after acquiring an additional 119 shares during the last quarter. Natixis Advisors LLC lifted its stake in Lattice Semiconductor by 0.5% during the fourth quarter. Natixis Advisors LLC now owns 23,000 shares of the semiconductor company’s stock worth $1,692,000 after purchasing an additional 120 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Lattice Semiconductor by 38.6% during the first quarter. V Square Quantitative Management LLC now owns 513 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 143 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 180 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Lattice Semiconductor by 53.5% in the 2nd quarter. Versant Capital Management Inc now owns 531 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 185 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Lattice Semiconductor Trading Down 3.2%
NASDAQ LSCC opened at $111.68 on Wednesday. The firm has a market cap of $15.30 billion, a PE ratio of 429.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.79. Lattice Semiconductor Corporation has a 1-year low of $60.50 and a 1-year high of $157.01. The stock has a 50-day moving average of $129.12 and a 200-day moving average of $120.22. The company has a current ratio of 3.02, a quick ratio of 2.33 and a debt-to-equity ratio of 0.04.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Wall Street Zen cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday. TD Cowen upped their target price on Lattice Semiconductor from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Rosenblatt Securities reissued a “buy” rating and set a $175.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Finally, Benchmark initiated coverage on shares of Lattice Semiconductor in a report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 price objective for the company. Two research 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 MarketBeat, the stock has an average rating of “Buy” and an average target price of $147.46.
View Our Latest Research Report on LSCC
Insider Activity
In related news, SVP Esam Elashmawi sold 15,742 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the completion of the sale, the senior vice president directly owned 155,420 shares in the company, valued at $20,945,953.40. This represents a 9.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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. Also, SVP Tracy Ann Feanny sold 1,880 shares of the 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 sale, the senior vice president directly owned 60,221 shares of the company’s stock, valued at $7,613,741.03. The trade was a 3.03% decrease in their position. 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. Over the last 90 days, insiders sold 22,401 shares of company stock valued at $3,066,632. 0.62% of the stock is currently owned by company insiders.
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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