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

Allspring Global Investments Holdings LLC boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 14.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,653 shares of the semiconductor company’s stock after acquiring an additional 3,905 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Lattice Semiconductor were worth $3,041,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Lattice Semiconductor by 29.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 1,737 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Lattice Semiconductor during the first quarter worth about $122,000. Great West Life Assurance Co. Can increased its holdings in shares of Lattice Semiconductor by 8.1% during the first quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after acquiring an additional 5,572 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Lattice Semiconductor by 5.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in Lattice Semiconductor in the 1st quarter worth approximately $6,647,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David Jeffrey Richardson sold 21,918 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $91.62, for a total value of $2,008,127.16. Following the completion of the sale, the director now owns 33,600 shares of the company’s stock, valued at approximately $3,078,432. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.53, for a total transaction of $835,300.00. Following the completion of the sale, the director now owns 10,144 shares of the company’s stock, valued at $847,328.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Jeffrey Richardson sold 21,918 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $91.62, for a total transaction of $2,008,127.16. Following the sale, the director now directly owns 33,600 shares of the company’s stock, valued at approximately $3,078,432. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,238 shares of company stock valued at $11,612,397. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LSCC shares. KeyCorp decreased their price target on shares of Lattice Semiconductor from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. TD Cowen boosted their price target on Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, August 1st. Robert W. Baird increased their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Stifel Nicolaus dropped their target price on Lattice Semiconductor from $82.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, October 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $110.00 price target on shares of Lattice Semiconductor in a report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $87.67.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $57.63 on Friday. The firm has a market cap of $7.95 billion, a PE ratio of 38.17, a PEG ratio of 2.69 and a beta of 1.27. The firm has a fifty day moving average of $81.20 and a 200 day moving average of $85.25. Lattice Semiconductor Co. has a one year low of $50.51 and a one year high of $98.30.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.