S Squared Technology LLC bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 254,979 shares of the semiconductor company’s stock, valued at approximately $39,001,588. Lattice Semiconductor comprises about 0.0% of S Squared Technology LLC’s holdings, making the stock its biggest position. S Squared Technology LLC owned about 0.19% of Lattice Semiconductor at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Algert Global LLC increased its stake in Lattice Semiconductor by 12.5% in the 2nd quarter. Algert Global LLC now owns 122,430 shares of the semiconductor company’s stock worth $18,727,000 after purchasing an additional 13,558 shares in the last quarter. Cibc World Market Inc. acquired a new position in Lattice Semiconductor during the second quarter worth $380,000. Sanctuary Advisors LLC bought a new stake in shares of Lattice Semiconductor in the second quarter valued at approximately $785,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Lattice Semiconductor during the second quarter valued at $55,206,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Lattice Semiconductor in the 2nd quarter valued at $483,000. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 5.3%
Shares of NASDAQ:LSCC traded down $6.41 during mid-day trading on Friday, hitting $114.06. The company had a trading volume of 610,381 shares, compared to its average volume of 1,996,121. The company has a market capitalization of $15.63 billion, a PE ratio of 438.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.33. The firm has a fifty day moving average price of $131.37 and a 200 day moving average price of $119.82. Lattice Semiconductor Corporation has a one year low of $60.50 and a one year high of $157.01.
Analysts Set New Price Targets
LSCC has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Jefferies Financial Group increased their price objective on Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $175.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of “Buy” and a consensus price target of $147.46.
Read Our Latest Stock Analysis on LSCC
Insider Activity
In related news, SVP Esam Elashmawi sold 15,742 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $134.77, for a total transaction 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 represents a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, SVP Pravin Desale sold 2,039 shares of the company’s stock in a transaction 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 $10,505,129.91. This trade represents a 2.70% decrease in their position. 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. Insiders sold a total of 28,502 shares of company stock worth $4,005,820 in the last 90 days. 0.62% of the stock is owned by corporate insiders.
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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