Blue Trust Inc. lessened its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 17.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,204 shares of the semiconductor company’s stock after selling 247 shares during the period. Blue Trust Inc.’s holdings in Lattice Semiconductor were worth $59,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Lattice Semiconductor by 8.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,794 shares of the semiconductor company’s stock valued at $514,000 after acquiring an additional 787 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Lattice Semiconductor by 326.8% during the 1st quarter. SG Americas Securities LLC now owns 7,824 shares of the semiconductor company’s stock valued at $410,000 after acquiring an additional 5,991 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Lattice Semiconductor during the 1st quarter valued at $566,000. Teacher Retirement System of Texas acquired a new stake in shares of Lattice Semiconductor during the 1st quarter valued at $1,058,000. Finally, GAMMA Investing LLC lifted its position in shares of Lattice Semiconductor by 53.0% during the 1st quarter. GAMMA Investing LLC now owns 4,166 shares of the semiconductor company’s stock valued at $219,000 after acquiring an additional 1,443 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 0.1%
NASDAQ LSCC opened at $70.16 on Friday. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $76.61. The company has a market capitalization of $9.60 billion, a PE ratio of 305.06, a price-to-earnings-growth ratio of 5.34 and a beta of 1.66. The firm’s fifty day simple moving average is $68.14 and its 200-day simple moving average is $55.80.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on LSCC. Needham & Company LLC increased their price objective on Lattice Semiconductor from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. TD Cowen reduced their target price on Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. KeyCorp increased their target price on Lattice Semiconductor from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered Lattice Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $66.92.
Check Out Our Latest Stock Analysis on LSCC
Insider Transactions at Lattice Semiconductor
In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 5,965 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $396,672.50. Following the transaction, the senior vice president directly owned 79,480 shares of the company’s stock, valued at $5,285,420. This represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robin Ann Abrams sold 15,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $64.98, for a total transaction of $974,700.00. Following the transaction, the director directly owned 107,538 shares in the company, valued at $6,987,819.24. The trade was a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,844 shares of company stock valued at $1,852,392. 1.80% of the stock is owned by insiders.
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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