VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 27,800 shares of the semiconductor company’s stock, valued at approximately $4,252,000.
Other large investors have also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of Lattice Semiconductor during the 4th quarter worth about $8,344,000. TimesSquare Capital Management LLC increased 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 purchasing an additional 49,001 shares in the last quarter. State of Wyoming acquired a new position in Lattice Semiconductor in the 2nd quarter worth about $3,155,000. Stephens Investment Management Group LLC raised its holdings in Lattice Semiconductor by 10.1% in the 4th quarter. Stephens Investment Management Group LLC now owns 883,165 shares of the semiconductor company’s stock worth $64,983,000 after purchasing an additional 81,023 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Lattice Semiconductor by 33.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 282,253 shares of the semiconductor company’s stock worth $20,768,000 after purchasing an additional 71,401 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Lattice Semiconductor Stock Down 1.7%
NASDAQ LSCC opened at $115.45 on Thursday. The business has a fifty day moving average price of $125.51 and a 200 day moving average price of $120.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. The company has a market cap of $15.82 billion, a P/E ratio of 444.04, a P/E/G ratio of 1.78 and a beta of 1.79. Lattice Semiconductor Corporation has a one year low of $60.50 and a one year high of $157.01.
Analyst Upgrades and Downgrades
Several analysts have commented on LSCC shares. Jefferies Financial Group raised their price objective on Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Rosenblatt Securities reissued a “buy” rating and issued a $175.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Wall Street Zen lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Zacks Research upgraded shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Needham & Company LLC increased their price objective on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $147.46.
Get Our Latest Stock Analysis on Lattice Semiconductor
Insider Buying and Selling at Lattice Semiconductor
In other Lattice Semiconductor news, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $134.77, for a total value of $2,121,549.34. Following the transaction, the senior vice president directly owned 155,420 shares of the company’s stock, valued at $20,945,953.40. This trade represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Feanny sold 1,880 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total value of $237,688.40. Following the transaction, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. This represents a 3.03% 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. In the last quarter, insiders sold 19,661 shares of company stock worth $2,650,590. Insiders own 0.62% of the company’s stock.
Lattice Semiconductor Profile
Lattice Semiconductor Corporation develops and supplies low-power, field-programmable gate arrays (FPGAs) and related semiconductor solutions. Its products allow customers to configure hardware for specific applications after manufacturing, providing flexibility for industrial, communications, automotive, consumer electronics and computing systems.
The company’s portfolio includes small and mid-range FPGAs, system-on-chip devices, programmable logic products, development software, evaluation boards and design tools.
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