WINTON GROUP Ltd lessened its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 95.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,608 shares of the semiconductor company’s stock after selling 174,304 shares during the period. WINTON GROUP Ltd’s holdings in Lattice Semiconductor were worth $560,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of LSCC. Elevatus Welath Management bought a new position in Lattice Semiconductor in the 4th quarter valued at $2,792,000. Assenagon Asset Management S.A. bought a new position in Lattice Semiconductor in the 4th quarter valued at $4,090,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in Lattice Semiconductor in the 4th quarter valued at $8,344,000. William Blair Investment Management LLC bought a new position in Lattice Semiconductor in the 3rd quarter valued at $102,185,000. Finally, NZS Capital LLC increased its stake in shares of Lattice Semiconductor by 6.0% in the 3rd quarter. NZS Capital LLC now owns 671,146 shares of the semiconductor company’s stock valued at $49,208,000 after buying an additional 38,115 shares during the period. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Stock Down 3.8%
LSCC stock opened at $132.37 on Thursday. Lattice Semiconductor Corporation has a twelve month low of $46.43 and a twelve month high of $155.82. The business has a fifty day moving average of $123.72 and a 200-day moving average of $98.33. The company has a market cap of $18.14 billion, a P/E ratio of 945.57, a PEG ratio of 3.42 and a beta of 1.79.
Insider Buying and Selling
In related news, SVP Tracy Ann Feanny sold 2,740 shares of Lattice Semiconductor stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $151.84, for a total transaction of $416,041.60. Following the completion of the sale, the senior vice president directly owned 63,084 shares of the company’s stock, valued at $9,578,674.56. The trade was a 4.16% decrease in their ownership of the stock. 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, Director James P. Lederer sold 6,101 shares of Lattice Semiconductor stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $153.94, for a total value of $939,187.94. Following the sale, the director directly owned 41,201 shares of the company’s stock, valued at approximately $6,342,481.94. This trade represents a 12.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,041 shares of company stock valued at $1,753,726 over the last three months. Company insiders own 0.62% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on LSCC shares. KeyCorp boosted their target price on Lattice Semiconductor from $125.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Susquehanna boosted their target price on Lattice Semiconductor from $100.00 to $120.00 and gave the stock a “positive” rating in a research report on Wednesday, February 11th. Robert W. Baird boosted their target price on Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, TD Cowen boosted their target price on Lattice Semiconductor from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $130.86.
View Our Latest Report on LSCC
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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