Artemis Investment Management LLP raised its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 142.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 487,423 shares of the semiconductor company’s stock after purchasing an additional 285,991 shares during the period. Artemis Investment Management LLP owned 0.36% of Lattice Semiconductor worth $61,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of LSCC. Burkett Financial Services LLC purchased a new stake in Lattice Semiconductor during the third quarter valued at approximately $38,000. QRG Capital Management Inc. lifted its holdings in shares of Lattice Semiconductor by 21.6% during the 2nd quarter. QRG Capital Management Inc. now owns 6,487 shares of the semiconductor company’s stock valued at $992,000 after purchasing an additional 1,152 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Lattice Semiconductor by 177.5% in the 2nd quarter. Engineers Gate Manager LP now owns 15,740 shares of the semiconductor company’s stock worth $2,408,000 after purchasing an additional 10,068 shares in the last quarter. NewEdge Advisors LLC grew its stake in Lattice Semiconductor by 815,200.0% during the 2nd quarter. NewEdge Advisors LLC now owns 8,153 shares of the semiconductor company’s stock worth $1,247,000 after buying an additional 8,152 shares during the last quarter. Finally, GFG Capital LLC acquired a new position in Lattice Semiconductor during the 2nd quarter valued at about $213,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Stock Performance
LSCC traded down $6.18 during trading on Thursday, reaching $124.81. 771,418 shares of the company’s stock were exchanged, compared to its average volume of 1,957,554. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.33. Lattice Semiconductor Corporation has a 1 year low of $60.50 and a 1 year high of $157.01. The company’s fifty day simple moving average is $121.56 and its 200-day simple moving average is $124.88. The stock has a market capitalization of $17.10 billion, a P/E ratio of 480.02, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83.
Insider Buying and Selling at Lattice Semiconductor
In other news, SVP Tracy Feanny sold 1,880 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total value of $237,688.40. Following the sale, the senior vice president owned 60,221 shares in the company, valued at $7,613,741.03. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the sale, the senior vice president directly owned 155,420 shares in the company, valued at approximately $20,945,953.40. This trade represents a 9.20% 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. In the last quarter, insiders sold 19,661 shares of company stock worth $2,587,259. Insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
LSCC has been the subject of several recent analyst reports. Needham & Company LLC raised their price target on Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Zacks Research lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lattice Semiconductor in a research note on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group raised their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $147.46.
Check Out Our Latest Stock Report on Lattice Semiconductor
Lattice Semiconductor Profile
Lattice Semiconductor Corporation (NASDAQ: LSCC) is a fabless semiconductor company that develops low-power, programmable logic devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system-on-chip solutions, development boards, design tools and intellectual property.
The company’s products are designed to provide flexible, power-efficient processing, control and connectivity for applications such as industrial equipment, communications infrastructure, automotive systems, consumer electronics, computing and aerospace and defense.
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