Hsbc Holdings PLC bought a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 26,638 shares of the semiconductor company’s stock, valued at approximately $4,020,000.
Several other institutional investors also recently bought and sold shares of LSCC. iSAM Funds UK Ltd acquired a new stake in shares of Lattice Semiconductor during the third quarter worth about $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Lattice Semiconductor by 462.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 324 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $31,000. Advisory Services Network LLC acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $34,000. Finally, Larson Financial Group LLC increased its stake in Lattice Semiconductor by 52.2% during the 4th quarter. Larson Financial Group LLC now owns 589 shares of the semiconductor company’s stock worth $43,000 after buying an additional 202 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.
Lattice Semiconductor Stock Performance
Shares of LSCC stock opened at $114.40 on Friday. 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 firm has a fifty day moving average price of $130.58 and a 200 day moving average price of $119.78. The company has a market cap of $15.67 billion, a P/E ratio of 440.00, a PEG ratio of 1.74 and a beta of 1.81. Lattice Semiconductor Corporation has a 12 month low of $60.50 and a 12 month high of $157.01.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LSCC. Benchmark started coverage on shares of Lattice Semiconductor in a report on Tuesday. They set a “buy” rating and a $160.00 target price on the stock. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus upped their price objective on Lattice Semiconductor from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC increased their price objective on Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, KeyCorp lifted their target price on Lattice Semiconductor from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $147.46.
Check Out Our Latest Report on LSCC
Insiders Place Their Bets
In other news, SVP Esam Elashmawi sold 15,742 shares of the 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 transaction, the senior vice president owned 155,420 shares in the company, valued at approximately $20,945,953.40. This represents a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Pravin Desale sold 2,039 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $142.89, for a total value of $291,352.71. Following the sale, the senior vice president directly owned 73,519 shares in the company, valued at $10,505,129.91. This trade represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. In the last quarter, insiders have sold 28,502 shares of company stock worth $4,005,820. 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.
Further Reading
- Five stocks we like better than Lattice Semiconductor
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
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.
