Cwm LLC grew its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 30.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,242 shares of the semiconductor company’s stock after buying an additional 10,079 shares during the quarter. Cwm LLC’s holdings in Lattice Semiconductor were worth $2,118,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Aberdeen Group plc increased its position in shares of Lattice Semiconductor by 0.3% in the second quarter. Aberdeen Group plc now owns 373,647 shares of the semiconductor company’s stock valued at $18,305,000 after buying an additional 1,091 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in Lattice Semiconductor by 6.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,300 shares of the semiconductor company’s stock valued at $1,386,000 after purchasing an additional 1,700 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in Lattice Semiconductor in the 2nd quarter valued at $318,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Lattice Semiconductor by 4.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 218,861 shares of the semiconductor company’s stock valued at $10,722,000 after purchasing an additional 9,643 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Lattice Semiconductor by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 42,760 shares of the semiconductor company’s stock valued at $2,095,000 after purchasing an additional 348 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.
Lattice Semiconductor Price Performance
Shares of Lattice Semiconductor stock opened at $70.16 on Friday. The business has a 50-day moving average of $68.14 and a 200 day moving average of $55.80. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $76.61. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 305.06, a price-to-earnings-growth ratio of 5.34 and a beta of 1.66.
Insider Activity at Lattice Semiconductor
In other news, Director Robin Ann Abrams sold 15,000 shares of Lattice Semiconductor stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $64.98, for a total value of $974,700.00. Following the completion of the transaction, the director owned 107,538 shares in the company, valued at approximately $6,987,819.24. This trade represents a 12.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Tonya Stevens sold 3,440 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $74.93, for a total transaction of $257,759.20. Following the sale, the chief accounting officer owned 84,336 shares in the company, valued at $6,319,296.48. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,844 shares of company stock worth $1,852,392 in the last three months. 1.80% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts recently commented on LSCC shares. KeyCorp increased their price objective on Lattice Semiconductor from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Loop Capital dropped their target price on Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Needham & Company LLC upped their target price on Lattice Semiconductor from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Benchmark upped their target price on Lattice Semiconductor from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, TD Cowen dropped their target price on Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average price target of $66.92.
Check Out Our Latest Research Report on Lattice Semiconductor
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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