ProShare Advisors LLC lifted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 38.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 20,598 shares of the semiconductor company’s stock after acquiring an additional 5,726 shares during the quarter. ProShare Advisors LLC’s holdings in Lattice Semiconductor were worth $2,588,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in LSCC. Vise Technologies Inc. boosted its holdings in Lattice Semiconductor by 48.0% during the third quarter. Vise Technologies Inc. now owns 6,792 shares of the semiconductor company’s stock worth $853,000 after purchasing an additional 2,204 shares during the last quarter. Arta Finance Wealth Management LLC increased its stake in Lattice Semiconductor by 38.6% in the 3rd quarter. Arta Finance Wealth Management LLC now owns 4,167 shares of the semiconductor company’s stock valued at $523,000 after buying an additional 1,161 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Lattice Semiconductor by 40.6% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 39,100 shares of the semiconductor company’s stock worth $4,912,000 after buying an additional 11,300 shares in the last quarter. BOKF NA lifted its position in shares of Lattice Semiconductor by 12.5% during the 3rd quarter. BOKF NA now owns 3,232 shares of the semiconductor company’s stock worth $406,000 after buying an additional 358 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Lattice Semiconductor by 12.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,692 shares of the semiconductor company’s stock worth $464,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Stock Performance
Shares of LSCC stock traded up $6.99 during trading hours on Friday, hitting $105.02. 2,420,875 shares of the company were exchanged, compared to its average volume of 2,152,552. The company has a current ratio of 3.02, a quick ratio of 2.33 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $14.39 billion, a price-to-earnings ratio of 328.20, a P/E/G ratio of 1.45 and a beta of 1.90. The firm has a fifty day simple moving average of $113.79 and a 200 day simple moving average of $115.82. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01.
Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The firm had revenue of $291.04 million for the quarter, compared to analysts’ expectations of $255.90 million. Lattice Semiconductor had a return on equity of 18.28% and a net margin of 5.53%. The business’s revenue for the quarter was up 118.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Research analysts predict that Lattice Semiconductor Corporation will post 1.13 earnings per share for the current fiscal year.
Insider Buying and Selling at Lattice Semiconductor
In other Lattice Semiconductor news, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $111.83, for a total transaction of $228,021.37. Following the sale, the senior vice president owned 73,456 shares of the company’s stock, valued at $8,214,584.48. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $134.77, for a total value of $2,121,549.34. Following the completion of the transaction, the senior vice president owned 155,420 shares of the company’s stock, valued at approximately $20,945,953.40. This represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 19,661 shares of company stock valued at $2,587,259. 0.62% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
LSCC has been the subject of several recent analyst reports. TD Cowen reduced their target price on Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada lifted their price target on Lattice Semiconductor from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Benchmark assumed coverage on Lattice Semiconductor in a research report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 price objective on the stock. Stifel Nicolaus upped their price objective on Lattice Semiconductor from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, William Blair assumed coverage on Lattice Semiconductor in a research note on Tuesday, October 6th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $166.82.
View Our Latest Analysis on LSCC
About Lattice Semiconductor
Lattice Semiconductor Corporation (NASDAQ: LSCC) designs and develops low-power programmable semiconductor devices and related software. Its product portfolio includes field-programmable gate arrays (FPGAs), complex programmable logic devices, programmable system control solutions, and connectivity products that enable customers to configure and update electronic systems after manufacturing.
The company’s products are used in communications and networking equipment, industrial systems, automotive applications, data-center and computing hardware, consumer electronics, and aerospace and defense products.
Read More
- Five stocks we like better than Lattice Semiconductor
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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.
