Hennion & Walsh Asset Management Inc. raised its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,366 shares of the semiconductor company’s stock after purchasing an additional 8,220 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.05% of Lattice Semiconductor worth $5,398,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Elevatus Welath Management bought a new position in Lattice Semiconductor during the 4th quarter worth about $2,792,000. William Blair Investment Management LLC purchased a new position in Lattice Semiconductor during the 3rd quarter valued at about $102,185,000. Westfield Capital Management Co. LP bought a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at about $51,082,000. Assenagon Asset Management S.A. purchased a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $4,090,000. Finally, American Century Companies Inc. lifted its position in shares of Lattice Semiconductor by 95.8% in the 3rd quarter. American Century Companies Inc. now owns 1,338,372 shares of the semiconductor company’s stock worth $98,129,000 after purchasing an additional 654,748 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.
Lattice Semiconductor Price Performance
NASDAQ LSCC opened at $85.32 on Tuesday. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 4,268.13, a PEG ratio of 3.31 and a beta of 1.64. The stock’s fifty day moving average price is $91.11 and its 200 day moving average price is $79.21. Lattice Semiconductor Corporation has a 1 year low of $34.69 and a 1 year high of $108.08.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Wall Street Zen raised Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Weiss Ratings lowered Lattice Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Zacks Research upgraded Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their target price on Lattice Semiconductor from $105.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $120.00 target price on shares of Lattice Semiconductor in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.64.
Check Out Our Latest Stock Analysis on LSCC
Insider Buying and Selling
In other Lattice Semiconductor news, CAO Tonya Stevens sold 1,113 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $94.00, for a total transaction of $104,622.00. Following the completion of the sale, the chief accounting officer directly owned 62,302 shares in the company, valued at approximately $5,856,388. The trade was a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 2,366 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $92.41, for a total value of $218,642.06. Following the sale, the senior vice president owned 80,826 shares of the company’s stock, valued at $7,469,130.66. The trade was a 2.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,614 shares of company stock valued at $4,346,028 in the last 90 days. Corporate 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.
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