Principal Financial Group Inc. Cuts Holdings in Lattice Semiconductor Corporation $LSCC

Principal Financial Group Inc. lessened its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,271 shares of the semiconductor company’s stock after selling 9,598 shares during the period. Principal Financial Group Inc. owned about 0.22% of Lattice Semiconductor worth $22,236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LSCC. Thrivent Financial for Lutherans increased its position in shares of Lattice Semiconductor by 21.0% during the third quarter. Thrivent Financial for Lutherans now owns 210,852 shares of the semiconductor company’s stock worth $15,460,000 after purchasing an additional 36,638 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in Lattice Semiconductor during the 3rd quarter worth approximately $212,000. Bryn Mawr Trust Advisors LLC increased its position in Lattice Semiconductor by 7.5% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 4,918 shares of the semiconductor company’s stock worth $361,000 after buying an additional 341 shares during the period. AlphaQuest LLC increased its position in Lattice Semiconductor by 71.1% during the third quarter. AlphaQuest LLC now owns 6,513 shares of the semiconductor company’s stock worth $478,000 after buying an additional 2,707 shares during the period. Finally, Arizona State Retirement System lifted its stake in Lattice Semiconductor by 1.3% in the third quarter. Arizona State Retirement System now owns 40,659 shares of the semiconductor company’s stock valued at $2,981,000 after buying an additional 523 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Up 6.2%

NASDAQ:LSCC opened at $86.41 on Friday. Lattice Semiconductor Corporation has a 52-week low of $34.69 and a 52-week high of $89.92. The stock has a fifty day simple moving average of $79.56 and a 200-day simple moving average of $70.76. The company has a market capitalization of $11.82 billion, a PE ratio of 432.07, a price-to-earnings-growth ratio of 3.74 and a beta of 1.70.

Analysts Set New Price Targets

A number of brokerages have recently commented on LSCC. Benchmark lifted their target price on shares of Lattice Semiconductor from $75.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Robert W. Baird lifted their price objective on shares of Lattice Semiconductor from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 target price on shares of Lattice Semiconductor in a research note on Wednesday. Royal Bank Of Canada started coverage on Lattice Semiconductor in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $82.38.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 5,708 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $69.93, for a total value of $399,160.44. Following the completion of the transaction, the senior vice president directly owned 105,913 shares of the company’s stock, valued at $7,406,496.09. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Tonya Stevens sold 2,593 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $66.75, for a total value of $173,082.75. Following the sale, the chief accounting officer directly owned 74,505 shares in the company, valued at approximately $4,973,208.75. The trade was a 3.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 19,105 shares of company stock valued at $1,369,590. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Profile

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.