Nippon Life Global Investors Americas Inc. purchased a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 91,780 shares of the semiconductor company’s stock, valued at approximately $14,039,000.
A number of other large investors have also recently bought and sold shares of the business. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Lattice Semiconductor in the fourth quarter valued at approximately $8,344,000. TimesSquare Capital Management LLC lifted its holdings in shares of Lattice Semiconductor by 3.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,474,949 shares of the semiconductor company’s stock worth $108,527,000 after purchasing an additional 49,001 shares during the period. Stephens Investment Management Group LLC grew its position 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 valued at $64,983,000 after buying an additional 81,023 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Lattice Semiconductor by 33.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 282,253 shares of the semiconductor company’s stock valued at $20,768,000 after buying an additional 71,401 shares during the period. Finally, Tensor Edge Capital LLC acquired a new position in Lattice Semiconductor in the 4th quarter valued at $8,830,000. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
NASDAQ:LSCC opened at $130.46 on Monday. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. Lattice Semiconductor Corporation has a fifty-two week low of $59.37 and a fifty-two week high of $157.01. The stock has a market cap of $17.87 billion, a PE ratio of 501.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.81. The firm’s fifty day simple moving average is $135.49 and its 200-day simple moving average is $117.48.
Analyst Upgrades and Downgrades
LSCC has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Jefferies Financial Group boosted their target price on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $175.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $144.38.
Check Out Our Latest Report on LSCC
Insiders Place Their Bets
In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 2,740 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $9,578,674.56. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $142.89, for a total transaction of $291,352.71. Following the sale, the senior vice president owned 73,519 shares of the company’s stock, valued at approximately $10,505,129.91. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 10,880 shares of company stock worth $1,646,582. 0.62% of the stock is owned by company insiders.
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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