William Blair Investment Management LLC bought a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,160,417 shares of the semiconductor company’s stock, valued at approximately $177,497,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CloudAlpha Capital Management Limited Hong Kong bought a new position in Lattice Semiconductor in the fourth quarter worth $8,344,000. TimesSquare Capital Management LLC raised its stake in shares of Lattice Semiconductor by 3.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,474,949 shares of the semiconductor company’s stock valued at $108,527,000 after buying an additional 49,001 shares in the last quarter. State of Wyoming acquired a new position in shares of Lattice Semiconductor in the 2nd quarter valued at $3,155,000. Stephens Investment Management Group LLC lifted its holdings in shares of Lattice Semiconductor by 10.1% during the 4th quarter. Stephens Investment Management Group LLC now owns 883,165 shares of the semiconductor company’s stock worth $64,983,000 after acquiring an additional 81,023 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Lattice Semiconductor by 33.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 282,253 shares of the semiconductor company’s stock worth $20,768,000 after acquiring an additional 71,401 shares during the period. 98.08% of the stock is currently owned by institutional investors.
Lattice Semiconductor Stock Up 0.1%
Shares of NASDAQ:LSCC opened at $117.69 on Friday. The company’s fifty day moving average is $133.69 and its 200-day moving average is $118.59. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. Lattice Semiconductor Corporation has a 52 week low of $60.50 and a 52 week high of $157.01. The company has a market capitalization of $16.12 billion, a PE ratio of 452.65, a P/E/G ratio of 1.78 and a beta of 1.81.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Robert W. Baird lifted their price objective on Lattice Semiconductor from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price objective on shares of Lattice Semiconductor in a research note 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 report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $144.38.
View Our Latest Report on LSCC
Insider Activity
In other news, Director James P. Lederer sold 6,101 shares of the business’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Esam Elashmawi sold 15,742 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the sale, the senior vice president owned 155,420 shares in the company, valued at approximately $20,945,953.40. This trade represents a 9.20% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 28,502 shares of company stock valued at $4,005,820 over the last three months. 0.62% of the stock is owned by corporate 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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