Tensor Edge Capital LLC bought a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 120,000 shares of the semiconductor company’s stock, valued at approximately $8,830,000. Lattice Semiconductor comprises approximately 2.5% of Tensor Edge Capital LLC’s investment portfolio, making the stock its 10th biggest holding.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Lattice Semiconductor by 1.3% in the third quarter. Vanguard Group Inc. now owns 14,986,677 shares of the semiconductor company’s stock worth $1,098,823,000 after purchasing an additional 189,147 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lattice Semiconductor by 177.3% during the third quarter. Invesco Ltd. now owns 6,076,616 shares of the semiconductor company’s stock valued at $445,538,000 after purchasing an additional 3,885,482 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Lattice Semiconductor by 3.6% in the third quarter. Artisan Partners Limited Partnership now owns 4,872,084 shares of the semiconductor company’s stock worth $357,221,000 after purchasing an additional 169,790 shares during the period. State Street Corp lifted its holdings in Lattice Semiconductor by 1.8% in the second quarter. State Street Corp now owns 4,852,380 shares of the semiconductor company’s stock worth $237,718,000 after purchasing an additional 85,973 shares during the period. Finally, Capital Research Global Investors grew its position in Lattice Semiconductor by 66.4% in the 3rd quarter. Capital Research Global Investors now owns 4,597,217 shares of the semiconductor company’s stock valued at $337,068,000 after buying an additional 1,834,440 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.
Lattice Semiconductor Stock Performance
NASDAQ:LSCC opened at $138.74 on Thursday. Lattice Semiconductor Corporation has a 52 week low of $43.90 and a 52 week high of $139.00. The stock’s 50 day moving average price is $107.86 and its 200 day moving average price is $89.96. The company has a market capitalization of $19.01 billion, a P/E ratio of 991.07, a P/E/G ratio of 3.09 and a beta of 1.76.
Insider Buying and Selling at Lattice Semiconductor
In related news, SVP Pravin Desale sold 2,366 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $92.41, for a total value of $218,642.06. Following the completion of the sale, the senior vice president owned 80,826 shares in the company, valued at approximately $7,469,130.66. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tonya Stevens sold 3,230 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $95.38, for a total value of $308,077.40. Following the sale, the chief accounting officer directly owned 62,302 shares in the company, valued at $5,942,364.76. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,995 shares of company stock valued at $2,886,140 in the last three months. Company insiders own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on LSCC shares. TD Cowen boosted their price objective on Lattice Semiconductor from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Susquehanna raised their price objective on shares of Lattice Semiconductor from $100.00 to $120.00 and gave the company a “positive” rating in a research report on Wednesday, February 11th. Finally, Needham & Company LLC boosted their target price on shares of Lattice Semiconductor from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $129.07.
Check Out Our Latest Stock Analysis on Lattice Semiconductor
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.
Read More
- Five stocks we like better than Lattice Semiconductor
- The Palantir Paradox—Record Numbers and a Stock That Won’t Cooperate
- TJX Companies Fires on All Cylinders With 9% Revenue Growth
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
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.
