KBC Group NV boosted its stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 114.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,035 shares of the semiconductor company’s stock after purchasing an additional 34,151 shares during the period. KBC Group NV’s holdings in Lattice Semiconductor were worth $5,940,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in LSCC. iSAM Funds UK Ltd acquired a new position in shares of Lattice Semiconductor during the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Lattice Semiconductor by 462.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 324 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $31,000. Finally, Advisory Services Network LLC acquired a new position in Lattice Semiconductor during the 3rd quarter worth approximately $34,000. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Trading Up 0.7%
LSCC stock opened at $138.13 on Friday. Lattice Semiconductor Corporation has a twelve month low of $46.43 and a twelve month high of $157.01. The company has a market capitalization of $18.93 billion, a P/E ratio of 986.71, a PEG ratio of 3.39 and a beta of 1.78. The firm has a 50 day simple moving average of $140.19 and a 200-day simple moving average of $112.66.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their price target on Lattice Semiconductor from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Monday. Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Zacks Research cut shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Rosenblatt Securities raised their target price on Lattice Semiconductor from $105.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.29.
Read Our Latest Stock Analysis on LSCC
Insider Activity at Lattice Semiconductor
In other news, Director James P. Lederer sold 6,101 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $153.94, for a total transaction of $939,187.94. Following the transaction, the director owned 41,201 shares of the company’s stock, valued at approximately $6,342,481.94. This trade represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 2,740 shares of Lattice Semiconductor stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $151.84, for a total value of $416,041.60. Following the completion of the transaction, the senior vice president owned 63,084 shares of the company’s stock, valued at $9,578,674.56. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 14,080 shares of company stock worth $2,045,078. Company insiders own 0.62% of the company’s stock.
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.
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