Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,678 shares of the semiconductor company’s stock after purchasing an additional 5,622 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Lattice Semiconductor were worth $2,177,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. iSAM Funds UK Ltd bought a new position in Lattice Semiconductor during the 3rd quarter worth $25,000. V Square Quantitative Management LLC bought a new position in Lattice Semiconductor during the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new position in Lattice Semiconductor during the 3rd quarter worth $31,000. Caitlin John LLC bought a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $34,000. Finally, Advisory Services Network LLC bought a new position in shares of Lattice Semiconductor in the 3rd quarter worth about $34,000. 98.08% of the stock is owned by institutional investors.
Lattice Semiconductor Price Performance
Shares of Lattice Semiconductor stock opened at $128.96 on Tuesday. Lattice Semiconductor Corporation has a one year low of $43.90 and a one year high of $129.38. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 921.21, a PEG ratio of 3.16 and a beta of 1.76. The business has a 50-day simple moving average of $103.19 and a 200 day simple moving average of $87.25.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Zacks Research lowered Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Jefferies Financial Group lifted their price objective on Lattice Semiconductor from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. TD Cowen lifted their price objective on shares of Lattice Semiconductor from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Benchmark lifted their price objective on shares of Lattice Semiconductor from $82.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.
Read Our Latest Research Report on Lattice Semiconductor
Insiders Place Their Bets
In other Lattice Semiconductor news, SVP Erhaan Shaikh sold 1,577 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $93.33, for a total transaction of $147,181.41. Following the completion of the sale, the senior vice president directly owned 82,617 shares of the company’s stock, valued at approximately $7,710,644.61. The trade was a 1.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth M. Schwarting sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $124.53, for a total value of $398,496.00. Following the sale, the director directly owned 6,636 shares of the company’s stock, valued at $826,381.08. This represents a 32.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,814 shares of company stock worth $4,744,524 over the last three months. Insiders own 0.62% of the company’s stock.
About Lattice Semiconductor
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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