SG Americas Securities LLC grew its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 113.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 921,840 shares of the semiconductor company’s stock after acquiring an additional 489,933 shares during the quarter. SG Americas Securities LLC owned about 0.67% of Lattice Semiconductor worth $67,829,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Lattice Semiconductor during the fourth quarter valued at approximately $4,090,000. NorthCrest Asset Manangement LLC bought a new stake in Lattice Semiconductor in the 4th quarter worth approximately $216,000. GAMMA Investing LLC grew its position in Lattice Semiconductor by 16.2% in the 4th quarter. GAMMA Investing LLC now owns 3,135 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 437 shares during the period. FNY Investment Advisers LLC purchased a new stake in Lattice Semiconductor during the 3rd quarter valued at $50,000. Finally, Allworth Financial LP raised its stake in Lattice Semiconductor by 45.2% during the 3rd quarter. Allworth Financial LP now owns 501 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 156 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.
Lattice Semiconductor Price Performance
Shares of LSCC stock opened at $98.47 on Wednesday. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $108.08. The firm has a fifty day moving average price of $90.42 and a 200-day moving average price of $78.46. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 4,925.96, a PEG ratio of 3.38 and a beta of 1.65.
Insiders Place Their Bets
In other news, SVP Pravin Desale sold 2,366 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $92.41, for a total value of $218,642.06. Following the transaction, the senior vice president owned 80,826 shares of the company’s stock, valued at $7,469,130.66. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Erhaan Shaikh sold 1,577 shares of Lattice Semiconductor stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $93.33, for a total value of $147,181.41. Following the transaction, the senior vice president directly owned 82,617 shares in the company, valued at approximately $7,710,644.61. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 45,614 shares of company stock valued at $4,346,028. 1.19% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently issued reports on LSCC. Stifel Nicolaus raised their price target on Lattice Semiconductor from $80.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings cut Lattice Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Zacks Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. Needham & Company LLC raised their target price on Lattice Semiconductor from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Susquehanna boosted their price target on Lattice Semiconductor from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.64.
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.
Read More
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.
