Heartland Advisors Inc. reduced its position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 7.5% in the first quarter, Holdings Channel.com reports. The fund owned 64,367 shares of the semiconductor company’s stock after selling 5,187 shares during the quarter. Heartland Advisors Inc.’s holdings in Lattice Semiconductor were worth $5,971,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of LSCC. HB Wealth Management LLC increased its holdings in Lattice Semiconductor by 3.7% during the 1st quarter. HB Wealth Management LLC now owns 3,335 shares of the semiconductor company’s stock worth $309,000 after acquiring an additional 119 shares during the period. Natixis Advisors LLC boosted its holdings in Lattice Semiconductor by 0.5% in the 4th quarter. Natixis Advisors LLC now owns 23,000 shares of the semiconductor company’s stock valued at $1,692,000 after purchasing an additional 120 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Lattice Semiconductor by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 12,466 shares of the semiconductor company’s stock valued at $917,000 after purchasing an additional 143 shares during the period. V Square Quantitative Management LLC grew its position in shares of Lattice Semiconductor by 38.6% during the 1st quarter. V Square Quantitative Management LLC now owns 513 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 143 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Lattice Semiconductor by 45.2% in the third quarter. Allworth Financial LP now owns 501 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
LSCC opened at $125.23 on Monday. The stock has a market capitalization of $17.16 billion, a P/E ratio of 894.56, a PEG ratio of 3.09 and a beta of 1.78. The stock has a 50-day moving average price of $139.56 and a 200-day moving average price of $110.99. Lattice Semiconductor Corporation has a 12-month low of $46.43 and a 12-month high of $157.01.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LSCC. Robert W. Baird increased their price objective on Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft upped their target price on Lattice Semiconductor from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Research downgraded Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Rosenblatt Securities boosted their price objective on Lattice Semiconductor from $105.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.29.
Check Out Our Latest Research Report on LSCC
Insider Buying and Selling at Lattice Semiconductor
In other news, Director Elizabeth M. Schwarting sold 3,200 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $124.53, for a total value of $398,496.00. Following the completion of the sale, the director owned 6,636 shares of the company’s stock, valued at approximately $826,381.08. This represents a 32.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Lederer sold 6,101 shares of the stock in a transaction on 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 directly owned 41,201 shares in the company, valued at approximately $6,342,481.94. This represents a 12.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,080 shares of company stock valued at $2,045,078 over the last ninety days. Insiders own 0.62% of the company’s stock.
About Lattice Semiconductor
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
- Strait of Hormuz Tensions Spike Tanker Trade: These 2 Stocks Are Set to Benefit
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
- Why These 3 Nuclear ETFs Are Getting a Fresh Look as AI Power Demand Rises
- 3 Aerospace Suppliers That Could Benefit as Aircraft Makers Face Bottlenecks
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.
