Man Group plc acquired a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,131 shares of the semiconductor company’s stock, valued at approximately $1,091,000.
Other large investors have also bought and sold shares of the company. Danske Bank A S bought a new stake in shares of Lattice Semiconductor in the second quarter valued at $46,000. Meeder Asset Management Inc. bought a new position in shares of Lattice Semiconductor during the 2nd quarter worth $46,000. iSAM Funds UK Ltd purchased a new stake in Lattice Semiconductor in the 3rd quarter worth about $25,000. Smartleaf Asset Management LLC increased its holdings in Lattice Semiconductor by 462.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 324 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Lattice Semiconductor in the 3rd quarter valued at about $31,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Trading Up 2.0%
Shares of LSCC opened at $113.88 on Thursday. Lattice Semiconductor Corporation has a twelve month low of $60.50 and a twelve month high of $157.01. The stock has a market cap of $15.60 billion, a PE ratio of 438.00, a P/E/G ratio of 1.69 and a beta of 1.79. 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 business’s 50-day moving average price is $128.52 and its 200-day moving average price is $120.32.
Analyst Ratings Changes
A number of equities analysts have weighed in on LSCC shares. TD Cowen increased their target price on shares of Lattice Semiconductor from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Benchmark assumed coverage on shares of Lattice Semiconductor in a research note on Tuesday, August 25th. They set a “buy” rating and a $160.00 price target on the stock. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Rosenblatt Securities reissued a “buy” rating and set a $175.00 target price on shares of Lattice Semiconductor in a report on Tuesday, August 4th. Finally, Needham & Company LLC increased their target price on Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $147.46.
View Our Latest Research Report on LSCC
Insiders Place Their Bets
In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,880 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the completion of the transaction, the senior vice president directly owned 60,221 shares of the company’s stock, valued at $7,613,741.03. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 business’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 transaction, the senior vice president owned 155,420 shares of the company’s stock, valued at $20,945,953.40. This trade represents 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 19,661 shares of company stock worth $2,650,590 in the last three months. 0.62% of the stock is currently owned by corporate insiders.
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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