Counterpoint Mutual Funds LLC purchased a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 5,798 shares of the semiconductor company’s stock, valued at approximately $538,000.
Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its holdings in shares of 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 acquiring an additional 120 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Lattice Semiconductor by 1.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 12,466 shares of the semiconductor company’s stock worth $917,000 after purchasing an additional 143 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Lattice Semiconductor by 46.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 476 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 151 shares during the last quarter. Allworth Financial LP boosted its stake in Lattice Semiconductor by 45.2% in the 3rd quarter. Allworth Financial LP now owns 501 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 156 shares during the period. Finally, &PARTNERS boosted its stake in Lattice Semiconductor by 2.0% in the 4th quarter. &PARTNERS now owns 9,439 shares of the semiconductor company’s stock valued at $694,000 after purchasing an additional 185 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Lattice Semiconductor Stock Performance
Shares of NASDAQ LSCC opened at $136.53 on Friday. The stock has a market capitalization of $18.71 billion, a P/E ratio of 975.28, a PEG ratio of 3.39 and a beta of 1.78. The stock’s fifty day moving average is $137.20 and its 200 day moving average is $106.75. Lattice Semiconductor Corporation has a 52 week low of $46.43 and a 52 week high of $157.01.
Insider Activity
In other news, SVP Tracy Ann Feanny sold 2,740 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $151.84, for a total value of $416,041.60. Following the completion of the transaction, the senior vice president directly owned 63,084 shares in the company, valued at approximately $9,578,674.56. The trade was a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $142.89, for a total transaction of $291,352.71. Following the sale, the senior vice president directly owned 73,519 shares of the company’s stock, valued at approximately $10,505,129.91. This trade represents a 2.70% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 14,080 shares of company stock valued at $2,045,078 over the last quarter. 0.62% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Rosenblatt Securities upped their price objective on Lattice Semiconductor from $105.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. KeyCorp raised their target price on shares of Lattice Semiconductor from $125.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Lattice Semiconductor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $130.86.
Get Our Latest Stock Analysis on LSCC
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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