Janus Henderson Group PLC trimmed its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 14.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,236,210 shares of the semiconductor company’s stock after selling 213,807 shares during the period. Janus Henderson Group PLC’s holdings in Lattice Semiconductor were worth $114,714,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. iSAM Funds UK Ltd purchased a new stake in Lattice Semiconductor in the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new stake in Lattice Semiconductor during the 4th quarter valued at $27,000. Smartleaf Asset Management LLC increased its position in Lattice Semiconductor by 462.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock worth $29,000 after buying an additional 324 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Lattice Semiconductor during the third quarter worth $31,000. Finally, Advisory Services Network LLC purchased a new position in Lattice Semiconductor during the third quarter worth $34,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.
Lattice Semiconductor Stock Performance
Shares of LSCC opened at $124.27 on Friday. The stock has a fifty day moving average of $139.08 and a two-hundred day moving average of $114.09. The company has a market capitalization of $17.03 billion, a PE ratio of 887.71, a price-to-earnings-growth ratio of 3.07 and a beta of 1.78. Lattice Semiconductor Corporation has a fifty-two week low of $46.43 and a fifty-two week high of $157.01.
Insiders Place Their Bets
In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 2,740 shares of Lattice Semiconductor stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $151.84, for a total value of $416,041.60. Following the completion of the sale, the senior vice president owned 63,084 shares in the company, valued at $9,578,674.56. The trade was a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of Lattice Semiconductor stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $142.89, for a total value of $291,352.71. Following the completion of the sale, the senior vice president owned 73,519 shares of the company’s stock, valued at $10,505,129.91. This trade represents a 2.70% 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 ninety days, insiders have sold 14,080 shares of company stock valued at $2,045,078. 0.62% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
LSCC has been the topic of several recent research reports. Jefferies Financial Group upped their price objective on Lattice Semiconductor from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Zacks Research cut Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Robert W. Baird lifted their price objective on Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded shares of Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lattice Semiconductor from $150.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.29.
Get Our Latest Stock Report on Lattice Semiconductor
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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