North Dakota State Investment Board bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,786 shares of the semiconductor company’s stock, valued at approximately $352,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevatus Welath Management bought a new position in Lattice Semiconductor during the 4th quarter valued at about $2,792,000. Assenagon Asset Management S.A. bought a new position in Lattice Semiconductor during the 4th quarter valued at about $4,090,000. William Blair Investment Management LLC bought a new position in Lattice Semiconductor during the 3rd quarter valued at about $102,185,000. Cookson Peirce & Co. Inc. bought a new position in Lattice Semiconductor during the 3rd quarter valued at about $733,000. Finally, NZS Capital LLC lifted its stake in Lattice Semiconductor by 6.0% during the 3rd quarter. NZS Capital LLC now owns 671,146 shares of the semiconductor company’s stock valued at $49,208,000 after acquiring an additional 38,115 shares during the period. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Up 2.8%
NASDAQ LSCC opened at $143.22 on Friday. Lattice Semiconductor Corporation has a 12 month low of $43.90 and a 12 month high of $145.37. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 1,023.07, a PEG ratio of 3.56 and a beta of 1.76. The company’s 50 day moving average is $109.86 and its two-hundred day moving average is $90.80.
Insider Activity at Lattice Semiconductor
In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 3,200 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $124.53, for a total transaction of $398,496.00. Following the completion of the sale, the director directly owned 6,636 shares of the company’s stock, valued at $826,381.08. This trade represents a 32.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Erhaan Shaikh sold 1,577 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $93.33, for a total transaction of $147,181.41. Following the sale, the senior vice president directly owned 82,617 shares of the company’s stock, valued at approximately $7,710,644.61. This trade represents a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,995 shares of company stock worth $2,886,140 in the last 90 days. Insiders own 0.62% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on LSCC shares. TD Cowen increased their price objective on shares of Lattice Semiconductor from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. KeyCorp increased their price objective on shares of Lattice Semiconductor from $125.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Susquehanna increased their price objective on shares of Lattice Semiconductor from $100.00 to $120.00 and gave the stock a “positive” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $130.86.
View Our Latest Report on Lattice Semiconductor
Lattice Semiconductor Company Profile
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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