Wellington Management Group LLP increased its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 299.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 685,935 shares of the semiconductor company’s stock after acquiring an additional 514,105 shares during the quarter. Wellington Management Group LLP owned about 0.50% of Lattice Semiconductor worth $104,921,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC raised its holdings in Lattice Semiconductor by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,335 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 119 shares during the last quarter. Natixis Advisors LLC lifted its position in Lattice Semiconductor by 0.5% during the 4th quarter. Natixis Advisors LLC now owns 23,000 shares of the semiconductor company’s stock valued at $1,692,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Lattice Semiconductor by 38.6% in the 1st quarter. V Square Quantitative Management LLC now owns 513 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Lattice Semiconductor by 10.1% in the 1st quarter. Parallel Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $182,000 after purchasing an additional 180 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Lattice Semiconductor by 53.5% during the 2nd quarter. Versant Capital Management Inc now owns 531 shares of the semiconductor company’s stock worth $81,000 after buying an additional 185 shares during the period. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 3.2%
LSCC opened at $111.68 on Wednesday. The stock has a market capitalization of $15.30 billion, a P/E ratio of 429.54, a P/E/G ratio of 1.75 and a beta of 1.79. Lattice Semiconductor Corporation has a 12 month low of $60.50 and a 12 month high of $157.01. The firm’s fifty day simple moving average is $129.12 and its 200 day simple moving average is $120.22. The company has a current ratio of 3.02, a quick ratio of 2.33 and a debt-to-equity ratio of 0.04.
Analyst Upgrades and Downgrades
LSCC has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on shares of Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Stifel Nicolaus lifted their target price on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. TD Cowen upped their target price on shares of Lattice Semiconductor from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 13th. KeyCorp raised their price target on Lattice Semiconductor from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $175.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $147.46.
View Our Latest Stock Report on Lattice Semiconductor
Insider Transactions at Lattice Semiconductor
In related news, SVP Tracy Ann Feanny sold 2,740 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $151.84, for a total transaction 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. This trade represents a 4.16% decrease in their ownership of the stock. The transaction 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 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 value of $291,352.71. Following the completion of the sale, the senior vice president directly owned 73,519 shares in the company, valued at approximately $10,505,129.91. This 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 sold 22,401 shares of company stock valued at $3,066,632 over the last three months. Company 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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