7,169 Shares in Lattice Semiconductor Co. (NASDAQ:LSCC) Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCCFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,169 shares of the semiconductor company’s stock, valued at approximately $495,000.

A number of other hedge funds have also modified their holdings of LSCC. FMR LLC lifted its position in Lattice Semiconductor by 5.9% during the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after acquiring an additional 807,562 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Lattice Semiconductor by 3.4% during the third quarter. Vanguard Group Inc. now owns 13,796,609 shares of the semiconductor company’s stock worth $678,932,000 after purchasing an additional 451,263 shares during the period. State Street Corp increased its stake in Lattice Semiconductor by 14.7% in the 2nd quarter. State Street Corp now owns 4,869,235 shares of the semiconductor company’s stock valued at $467,787,000 after buying an additional 623,216 shares during the period. Invesco Ltd. raised its position in Lattice Semiconductor by 7.5% during the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after buying an additional 335,564 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Lattice Semiconductor by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 2,239,693 shares of the semiconductor company’s stock worth $213,891,000 after acquiring an additional 13,651 shares during the period. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $75.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Benchmark raised their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Stifel Nicolaus lowered their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Finally, Susquehanna decreased their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Get Our Latest Analysis on LSCC

Lattice Semiconductor Price Performance

Shares of LSCC traded down $3.53 during trading hours on Tuesday, reaching $74.43. 1,036,691 shares of the company’s stock traded hands, compared to its average volume of 2,238,281. The business’s fifty day simple moving average is $73.34 and its two-hundred day simple moving average is $70.24. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 17.66 and a beta of 1.38. Lattice Semiconductor Co. has a twelve month low of $51.96 and a twelve month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCCGet Free Report) last posted its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts expect that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Activity

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The disclosure for this sale can be found here. Insiders have sold 53,065 shares of company stock worth $3,840,806 over the last 90 days. 1.19% of the stock is owned by company insiders.

Lattice Semiconductor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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