Lattice Semiconductor Corporation (NASDAQ:LSCC – Get Free Report) CEO Ford Tamer purchased 20,000 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of $63.63 per share, with a total value of $1,272,600.00. Following the acquisition, the chief executive officer directly owned 275,745 shares of the company’s stock, valued at $17,545,654.35. This trade represents a 7.82% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Ford Tamer also recently made the following trade(s):
- On Friday, November 7th, Ford Tamer purchased 10,000 shares of Lattice Semiconductor stock. The stock was bought at an average price of $61.95 per share, for a total transaction of $619,500.00.
Lattice Semiconductor Stock Up 6.7%
Shares of Lattice Semiconductor stock traded up $4.26 during trading on Monday, reaching $67.75. The company’s stock had a trading volume of 950,105 shares, compared to its average volume of 2,554,022. The business’s 50-day moving average price is $69.69 and its 200-day moving average price is $58.84. The firm has a market cap of $9.27 billion, a PE ratio of 293.88, a P/E/G ratio of 5.63 and a beta of 1.74. Lattice Semiconductor Corporation has a 52 week low of $34.69 and a 52 week high of $76.61.
Institutional Investors Weigh In On Lattice Semiconductor
A number of institutional investors and hedge funds have recently modified their holdings of LSCC. Price T Rowe Associates Inc. MD raised its holdings in Lattice Semiconductor by 24.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,800,552 shares of the semiconductor company’s stock worth $409,139,000 after purchasing an additional 1,517,395 shares during the period. Bank of America Corp DE increased its holdings in shares of Lattice Semiconductor by 77.4% in the second quarter. Bank of America Corp DE now owns 3,186,024 shares of the semiconductor company’s stock valued at $156,083,000 after purchasing an additional 1,390,109 shares during the last quarter. Invesco Ltd. boosted its stake in Lattice Semiconductor by 93.2% in the 1st quarter. Invesco Ltd. now owns 2,158,092 shares of the semiconductor company’s stock valued at $113,192,000 after purchasing an additional 1,040,804 shares during the period. Norges Bank acquired a new position in shares of Lattice Semiconductor during the 2nd quarter worth approximately $48,702,000. Finally, Alliancebernstein L.P. grew its stake in Lattice Semiconductor by 146.8% during the first quarter. Alliancebernstein L.P. now owns 1,440,083 shares of the semiconductor company’s stock worth $75,532,000 after buying an additional 856,568 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LSCC has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their target price on Lattice Semiconductor from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $80.00 price objective on Lattice Semiconductor and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Susquehanna raised their price target on Lattice Semiconductor from $65.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $77.58.
Check Out Our Latest Report on Lattice Semiconductor
About Lattice Semiconductor
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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