Northwestern Mutual Wealth Management Co. boosted its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 10,699.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,369 shares of the semiconductor company’s stock after purchasing an additional 33,060 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Lattice Semiconductor were worth $2,455,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSCC. iSAM Funds UK Ltd acquired a new position in Lattice Semiconductor during the third quarter worth about $25,000. V Square Quantitative Management LLC acquired a new position in Lattice Semiconductor during the fourth quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new position in Lattice Semiconductor during the third quarter worth about $31,000. Caitlin John LLC acquired a new position in Lattice Semiconductor during the third quarter worth about $34,000. Finally, Advisory Services Network LLC acquired a new position in Lattice Semiconductor during the third quarter worth about $34,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Lattice Semiconductor Price Performance
Shares of NASDAQ LSCC opened at $150.35 on Wednesday. Lattice Semiconductor Corporation has a 12-month low of $43.90 and a 12-month high of $150.87. The company has a market capitalization of $20.60 billion, a PE ratio of 1,074.01, a price-to-earnings-growth ratio of 3.56 and a beta of 1.76. The firm’s 50-day moving average is $112.29 and its two-hundred day moving average is $92.10.
Wall Street Analyst Weigh In
Several brokerages have weighed in on LSCC. Rosenblatt Securities upped their target price on shares of Lattice Semiconductor from $105.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen upped their target price on shares of Lattice Semiconductor from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upped their target price on shares of Lattice Semiconductor from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Lattice Semiconductor from $118.00 to $140.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Robert W. Baird upped their price target on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $130.86.
Read Our Latest Report on LSCC
Insider Buying and Selling
In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 3,200 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $124.53, for a total value of $398,496.00. Following the sale, the director owned 6,636 shares of the company’s stock, valued at $826,381.08. This represents a 32.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,381 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.63, for a total transaction of $125,160.03. Following the completion of the sale, the senior vice president directly owned 56,355 shares in the company, valued at $5,107,453.65. This trade represents a 2.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 29,995 shares of company stock valued at $2,886,140. 0.62% of the stock is owned by company insiders.
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.
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