Lecap Asset Management Ltd. decreased its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 79.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,151 shares of the semiconductor company’s stock after selling 35,963 shares during the period. Lecap Asset Management Ltd.’s holdings in Lattice Semiconductor were worth $448,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Lattice Semiconductor during the 1st quarter worth $32,000. Picton Mahoney Asset Management acquired a new stake in Lattice Semiconductor during the 1st quarter worth $36,000. Farther Finance Advisors LLC boosted its stake in Lattice Semiconductor by 89.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 879 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 416 shares during the period. Finally, UMB Bank n.a. boosted its stake in Lattice Semiconductor by 114.6% during the 1st quarter. UMB Bank n.a. now owns 1,414 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 755 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
LSCC stock opened at $72.71 on Friday. Lattice Semiconductor Corporation has a one year low of $34.69 and a one year high of $76.61. The stock has a market capitalization of $9.95 billion, a PE ratio of 316.14, a price-to-earnings-growth ratio of 5.35 and a beta of 1.66. The company has a fifty day moving average of $64.64 and a 200-day moving average of $54.89.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LSCC. Needham & Company LLC increased their price target on shares of Lattice Semiconductor from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. KeyCorp increased their price target on shares of Lattice Semiconductor from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. Loop Capital decreased their price target on shares of Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Benchmark increased their price target on shares of Lattice Semiconductor from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Finally, TD Cowen decreased their price target on shares of Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus target price of $66.92.
Read Our Latest Stock Analysis on LSCC
Insider Activity
In other news, CAO Tonya Stevens sold 3,440 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $74.93, for a total value of $257,759.20. Following the completion of the transaction, the chief accounting officer owned 84,336 shares in the company, valued at $6,319,296.48. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tracy Ann Feanny sold 5,965 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $396,672.50. Following the completion of the transaction, the senior vice president owned 79,480 shares of the company’s stock, valued at $5,285,420. This represents a 6.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,844 shares of company stock worth $1,852,392 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
Lattice Semiconductor Company Profile
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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