Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Bought by Russell Investments Group Ltd.

Posted by on May 13th, 2023

Russell Investments Group Ltd. boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,133 shares of the semiconductor company’s stock after buying an additional 7,648 shares during the period. Russell Investments Group Ltd. owned 0.12% of Lattice Semiconductor worth $10,519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LSCC. PNC Financial Services Group Inc. boosted its stake in shares of Lattice Semiconductor by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 1,737 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at approximately $122,000. Great West Life Assurance Co. Can boosted its stake in shares of Lattice Semiconductor by 8.1% in 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 buying an additional 5,572 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Lattice Semiconductor by 5.6% in the first quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after buying an additional 1,886 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Lattice Semiconductor in the first quarter valued at approximately $6,647,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Mark Edwin Jensen sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $94.50, for a total transaction of $850,500.00. Following the transaction, the director now directly owns 97,841 shares in the company, valued at $9,245,974.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO James Robert Anderson sold 40,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $82.95, for a total transaction of $3,318,000.00. Following the sale, the chief executive officer now directly owns 889,242 shares of the company’s stock, valued at $73,762,623.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark Edwin Jensen sold 9,000 shares of Lattice Semiconductor stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $94.50, for a total value of $850,500.00. Following the sale, the director now directly owns 97,841 shares in the company, valued at $9,245,974.50. The disclosure for this sale can be found here. Insiders have sold a total of 182,195 shares of company stock worth $15,554,152 over the last three months. Corporate insiders own 1.25% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $81.61 on Friday. The firm has a market cap of $11.23 billion, a PE ratio of 57.47 and a beta of 1.27. The business has a fifty day simple moving average of $89.03 and a 200-day simple moving average of $76.84. The company has a quick ratio of 2.39, a current ratio of 3.59 and a debt-to-equity ratio of 0.20. Lattice Semiconductor Co. has a fifty-two week low of $43.41 and a fifty-two week high of $96.82.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. Lattice Semiconductor had a return on equity of 44.49% and a net margin of 28.63%. The business had revenue of $184.30 million during the quarter, compared to analyst estimates of $178.31 million. During the same period last year, the company earned $0.27 earnings per share. Lattice Semiconductor’s quarterly revenue was up 22.5% compared to the same quarter last year. As a group, equities analysts predict that Lattice Semiconductor Co. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on LSCC shares. KeyCorp boosted their target price on Lattice Semiconductor from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 11th. Benchmark boosted their price target on Lattice Semiconductor from $65.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Cowen boosted their price target on Lattice Semiconductor from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. Susquehanna upped their target price on Lattice Semiconductor from $75.00 to $95.00 and gave the company a “positive” rating in a research note on Tuesday, February 14th. Finally, Rosenblatt Securities upped their target price on Lattice Semiconductor from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Lattice Semiconductor Profile

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Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.

Further Reading

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

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