Wilmington Savings Fund Society FSB cut its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 10.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,953 shares of the semiconductor company’s stock after selling 4,165 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Lattice Semiconductor were worth $1,712,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LSCC. Allworth Financial LP raised its holdings in shares of Lattice Semiconductor by 65.7% in the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Lattice Semiconductor in the first quarter valued at about $32,000. Picton Mahoney Asset Management bought a new position in shares of Lattice Semiconductor in the first quarter valued at about $36,000. Farther Finance Advisors LLC raised its holdings in shares of Lattice Semiconductor by 89.8% in the second quarter. Farther Finance Advisors LLC now owns 879 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 416 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Lattice Semiconductor by 242.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,454 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 1,029 shares during the last quarter. 98.08% of the stock is owned by institutional investors.
Lattice Semiconductor Trading Up 0.5%
Lattice Semiconductor stock opened at $71.33 on Thursday. The firm has a market capitalization of $9.77 billion, a P/E ratio of 310.14, a PEG ratio of 5.41 and a beta of 1.66. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $76.61. The business has a 50-day moving average of $67.78 and a 200-day moving average of $55.53.
Insider Transactions at Lattice Semiconductor
In other news, Director Robin Ann Abrams sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $64.98, for a total transaction of $974,700.00. Following the completion of the transaction, the director directly owned 107,538 shares in the company, valued at approximately $6,987,819.24. The trade was a 12.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tonya Stevens sold 3,440 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $74.93, for a total value of $257,759.20. Following the transaction, the chief accounting officer owned 84,336 shares of the company’s stock, valued at $6,319,296.48. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,844 shares of company stock worth $1,852,392. 1.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LSCC shares. Loop Capital cut their price target on Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Wednesday, October 8th. Needham & Company LLC boosted their price objective on Lattice Semiconductor from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Wall Street Zen cut Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, KeyCorp boosted their price objective on Lattice Semiconductor from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.92.
Check Out Our Latest Stock Report on LSCC
Lattice Semiconductor Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.
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