Wellington Management Group LLP lifted its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 299.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 685,935 shares of the semiconductor company’s stock after buying an additional 514,105 shares during the period. Wellington Management Group LLP’s holdings in Lattice Semiconductor were worth $104,921,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. iSAM Funds UK Ltd acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its position in Lattice Semiconductor by 462.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 324 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Lattice Semiconductor in the third quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $34,000. Finally, Larson Financial Group LLC increased its position in shares of Lattice Semiconductor by 52.2% during the 4th quarter. Larson Financial Group LLC now owns 589 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 3.2%
Shares of LSCC stock opened at $111.68 on Wednesday. Lattice Semiconductor Corporation has a 12-month low of $60.50 and a 12-month high of $157.01. The company has a market capitalization of $15.30 billion, a PE ratio of 429.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.79. The firm has a 50 day moving average price of $129.12 and a two-hundred day moving average price of $120.22. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04.
Wall Street Analysts Forecast Growth
LSCC has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Benchmark began coverage on shares of Lattice Semiconductor in a research report on Tuesday, August 25th. They set a “buy” rating and a $160.00 price target on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group lifted their price objective on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $147.46.
View Our Latest Stock Analysis on Lattice Semiconductor
Insider Buying and Selling at Lattice Semiconductor
In other news, SVP Pravin Desale sold 2,039 shares of Lattice Semiconductor stock in a transaction on Friday, June 12th. The stock was sold at an average price of $142.89, for a total transaction of $291,352.71. Following the completion of the sale, the senior vice president owned 73,519 shares of the company’s stock, valued at approximately $10,505,129.91. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Ann Feanny sold 2,740 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $151.84, for a total transaction of $416,041.60. Following the completion of the sale, the senior vice president directly owned 63,084 shares of the company’s stock, valued at approximately $9,578,674.56. The trade was a 4.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 22,401 shares of company stock valued at $3,066,632 in the last ninety days. 0.62% of the stock is currently owned by corporate insiders.
Lattice Semiconductor 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.
Featured Stories
- Five stocks we like better than Lattice Semiconductor
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Want to see what other hedge funds are holding LSCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report).
Receive News & Ratings for Lattice Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lattice Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
