Artemis Investment Management LLP grew its position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 142.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 487,423 shares of the semiconductor company’s stock after acquiring an additional 285,991 shares during the period. Artemis Investment Management LLP’s holdings in Lattice Semiconductor were worth $61,230,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Lattice Semiconductor during the second quarter worth approximately $2,637,161,000. William Blair Investment Management LLC acquired a new position in shares of Lattice Semiconductor during the 2nd quarter worth approximately $177,497,000. TimesSquare Capital Management LLC purchased a new position in shares of Lattice Semiconductor during the 2nd quarter valued at approximately $173,633,000. Bank of New York Mellon Corp acquired a new stake in Lattice Semiconductor in the 2nd quarter valued at $139,705,000. Finally, Wellington Management Group LLP grew its stake in Lattice Semiconductor by 299.2% in the 2nd quarter. Wellington Management Group LLP now owns 685,935 shares of the semiconductor company’s stock valued at $104,921,000 after acquiring an additional 514,105 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Lattice Semiconductor Price Performance
Shares of Lattice Semiconductor stock traded down $6.18 on Thursday, hitting $124.81. 771,418 shares of the company were exchanged, compared to its average volume of 1,957,554. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 480.02, a price-to-earnings-growth ratio of 2.06 and a beta of 1.83. The company has a 50-day moving average price of $121.56 and a 200 day moving average price of $124.88. Lattice Semiconductor Corporation has a 1-year low of $60.50 and a 1-year high of $157.01. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04.
Insider Buying and Selling at Lattice Semiconductor
In related news, SVP Esam Elashmawi sold 15,742 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $134.77, for a total value of $2,121,549.34. Following the completion of the sale, the senior vice president owned 155,420 shares of the company’s stock, valued at approximately $20,945,953.40. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Tracy Feanny sold 1,880 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total transaction of $237,688.40. Following the completion of the sale, the senior vice president directly owned 60,221 shares of the company’s stock, valued at approximately $7,613,741.03. This trade represents a 3.03% 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. Insiders sold a total of 19,661 shares of company stock worth $2,587,259 in the last three months. 0.62% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on LSCC. Rosenblatt Securities restated a “buy” rating and set a $175.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, August 4th. Benchmark began coverage on shares of Lattice Semiconductor in a research note on Tuesday, August 25th. They set a “buy” rating and a $160.00 target price for the company. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 26th. Royal Bank Of Canada boosted their price objective on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Needham & Company LLC raised their target price on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.46.
Get Our Latest Stock Report on Lattice Semiconductor
About Lattice Semiconductor
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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