Lattice Semiconductor Corporation $LSCC Stock Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 18.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,197,117 shares of the semiconductor company’s stock after acquiring an additional 342,248 shares during the period. Pictet Asset Management Holding SA owned about 1.60% of Lattice Semiconductor worth $276,002,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Lattice Semiconductor in the second quarter worth about $2,637,161,000. William Blair Investment Management LLC acquired a new stake in Lattice Semiconductor during the 2nd quarter valued at approximately $177,497,000. TimesSquare Capital Management LLC acquired a new stake in Lattice Semiconductor during the 2nd quarter valued at approximately $173,633,000. Bank of New York Mellon Corp acquired a new stake in Lattice Semiconductor during the 2nd quarter valued at approximately $139,705,000. Finally, Wellington Management Group LLP increased its holdings in Lattice Semiconductor by 299.2% during the 2nd quarter. Wellington Management Group LLP now owns 685,935 shares of the semiconductor company’s stock worth $104,921,000 after purchasing an additional 514,105 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on LSCC shares. William Blair started coverage on Lattice Semiconductor in a research report on Tuesday, October 6th. They issued an “outperform” rating on the stock. Jefferies Financial Group raised their price target on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen decreased their price target on shares of Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Stifel Nicolaus lifted their price target on shares of Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Lattice Semiconductor in a report on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of “Buy” and a consensus target price of $166.82.

Insider Transactions at Lattice Semiconductor

In other news, SVP Tracy Feanny sold 1,880 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total value of $237,688.40. Following the completion of the transaction, the senior vice president owned 60,221 shares in the company, valued at approximately $7,613,741.03. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Pravin Desale sold 2,039 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $111.83, for a total value of $228,021.37. Following the completion of the sale, the senior vice president owned 73,456 shares of the company’s stock, valued at $8,214,584.48. This trade represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 19,661 shares of company stock worth $2,587,259 in the last quarter. Insiders own 0.62% of the company’s stock.

Lattice Semiconductor Stock Up 7.1%

NASDAQ:LSCC opened at $105.02 on Friday. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 328.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.90. Lattice Semiconductor Corporation has a one year low of $60.50 and a one year high of $157.01. The stock has a 50-day simple moving average of $113.79 and a 200 day simple moving average of $115.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 1.92.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.17. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The firm had revenue of $291.04 million during the quarter, compared to analyst estimates of $255.90 million. During the same period in the previous year, the company earned $0.28 earnings per share. Lattice Semiconductor’s quarterly revenue was up 118.3% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor Corporation will post 1.31 EPS for the current fiscal year.

Lattice Semiconductor Profile