Russell Investments Group Ltd. boosted its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 40.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,506 shares of the semiconductor company’s stock after acquiring an additional 3,329 shares during the quarter. Russell Investments Group Ltd.’s holdings in Lattice Semiconductor were worth $604,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of Lattice Semiconductor by 65.7% during the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. Picton Mahoney Asset Management bought a new position in Lattice Semiconductor during the first quarter valued at about $36,000. UMB Bank n.a. lifted its position in shares of Lattice Semiconductor by 114.6% in the first quarter. UMB Bank n.a. now owns 1,414 shares of the semiconductor company’s stock worth $74,000 after buying an additional 755 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Lattice Semiconductor by 32.3% during the 1st quarter. Fifth Third Bancorp now owns 1,510 shares of the semiconductor company’s stock worth $79,000 after acquiring an additional 369 shares in the last quarter. 98.08% of the stock is owned by institutional investors.
Lattice Semiconductor Trading Down 0.4%
LSCC opened at $66.38 on Friday. The business has a 50 day moving average of $56.03 and a 200-day moving average of $53.75. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 288.62, a P/E/G ratio of 4.88 and a beta of 1.52. Lattice Semiconductor Corporation has a 1-year low of $34.69 and a 1-year high of $70.55.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a report on Tuesday, May 6th. TD Cowen dropped their price target on shares of Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, August 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $64.00 target price (down from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $63.58.
View Our Latest Stock Analysis on LSCC
Insider Activity
In related news, CAO Tonya Stevens sold 3,439 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $64.92, for a total value of $223,259.88. Following the completion of the sale, the chief accounting officer owned 87,776 shares in the company, valued at approximately $5,698,417.92. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy Ann Feanny sold 5,965 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $66.50, for a total value of $396,672.50. Following the transaction, the senior vice president owned 79,480 shares in the company, valued at $5,285,420. This represents a 6.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.
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 Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.
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