Allspring Global Investments Holdings LLC Increases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Allspring Global Investments Holdings LLC increased its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 8.0% in the third quarter, Holdings Channel.com reports. The firm owned 7,302 shares of the semiconductor company’s stock after purchasing an additional 538 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lattice Semiconductor were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Woodline Partners LP grew its position in shares of Lattice Semiconductor by 1,267.7% in the second quarter. Woodline Partners LP now owns 204,820 shares of the semiconductor company’s stock valued at $9,934,000 after purchasing an additional 189,844 shares during the period. Laurion Capital Management LP purchased a new stake in shares of Lattice Semiconductor in the second quarter valued at $882,000. Principal Financial Group Inc. grew its position in shares of Lattice Semiconductor by 14.5% in the second quarter. Principal Financial Group Inc. now owns 546,103 shares of the semiconductor company’s stock valued at $26,486,000 after purchasing an additional 69,088 shares during the period. Millennium Management LLC boosted its holdings in Lattice Semiconductor by 453.3% in the second quarter. Millennium Management LLC now owns 1,329,526 shares of the semiconductor company’s stock valued at $64,482,000 after acquiring an additional 1,089,216 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in Lattice Semiconductor by 159.3% in the second quarter. Verition Fund Management LLC now owns 13,422 shares of the semiconductor company’s stock valued at $651,000 after acquiring an additional 8,245 shares during the last quarter. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Lattice Semiconductor Trading Down 0.0 %

Shares of LSCC opened at $75.21 on Wednesday. The stock’s 50-day moving average is $69.11 and its two-hundred day moving average is $59.81. The stock has a market cap of $10.31 billion, a PE ratio of 67.76 and a beta of 1.33. Lattice Semiconductor Co. has a 12 month low of $43.41 and a 12 month high of $77.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.23.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its quarterly earnings data on Monday, October 31st. The semiconductor company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $172.51 million for the quarter, compared to analysts’ expectations of $166.27 million. Lattice Semiconductor had a return on equity of 38.63% and a net margin of 24.83%. The firm’s quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts forecast that Lattice Semiconductor Co. will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of research analyst reports. William Blair reiterated an “outperform” rating on shares of Lattice Semiconductor in a report on Monday, November 28th. Susquehanna Bancshares lifted their target price on Lattice Semiconductor from $72.00 to $75.00 in a report on Tuesday, November 15th. Craig Hallum reduced their target price on Lattice Semiconductor from $58.00 to $50.00 and set a “hold” rating on the stock in a report on Tuesday, November 1st. StockNews.com upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Monday. Finally, Susquehanna lifted their target price on Lattice Semiconductor from $72.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, November 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.00.

Insider Buying and Selling

In related news, Director Mark Edwin Jensen sold 9,000 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $64.55, for a total value of $580,950.00. Following the transaction, the director now owns 97,841 shares in the company, valued at $6,315,636.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Mark Edwin Jensen sold 9,000 shares of the business’s stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $64.55, for a total value of $580,950.00. Following the transaction, the director now owns 97,841 shares in the company, valued at $6,315,636.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Glenn O’rourke sold 949 shares of the business’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $49.48, for a total value of $46,956.52. Following the completion of the transaction, the senior vice president now owns 32,737 shares in the company, valued at approximately $1,619,826.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,014 shares of company stock worth $5,713,954. 1.80% of the stock is currently owned by corporate insiders.

About Lattice Semiconductor

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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.