Pacer Advisors Inc. Has $3.61 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Posted by Defense World Staff on Sep 24th, 2023

Pacer Advisors Inc. boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC – Free Report) by 353.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,569 shares of the semiconductor company’s stock after buying an additional 29,290 shares during the period. Pacer Advisors Inc.’s holdings in Lattice Semiconductor were worth $3,609,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LSCC. FMR LLC raised its holdings in Lattice Semiconductor by 41.9% in the first quarter. FMR LLC now owns 10,476,087 shares of the semiconductor company’s stock worth $1,000,466,000 after purchasing an additional 3,095,892 shares during the period. Norges Bank acquired a new stake in Lattice Semiconductor in the fourth quarter worth $87,617,000. 1832 Asset Management L.P. raised its holdings in Lattice Semiconductor by 707.8% in the first quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock worth $98,203,000 after purchasing an additional 901,000 shares during the period. Robeco Schweiz AG raised its holdings in Lattice Semiconductor by 96.0% in the first quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock worth $93,314,000 after purchasing an additional 750,000 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Lattice Semiconductor by 36.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,899,298 shares of the semiconductor company’s stock worth $115,762,000 after purchasing an additional 506,212 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $87.96, for a total value of $3,518,400.00. Following the completion of the sale, the chief executive officer now owns 788,847 shares of the company’s stock, valued at approximately $69,386,982.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Lattice Semiconductor news, CFO Sherri R. Luther sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $90.74, for a total value of $680,550.00. Following the completion of the sale, the chief financial officer now owns 127,810 shares of the company’s stock, valued at approximately $11,597,479.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Robert Anderson sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the sale, the chief executive officer now directly owns 788,847 shares of the company’s stock, valued at approximately $69,386,982.12. The disclosure for this sale can be found here. Insiders sold 120,184 shares of company stock valued at $10,862,710 in the last quarter. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $82.72 on Friday. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 56.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.75. The company has a 50-day simple moving average of $90.37 and a 200 day simple moving average of $88.80. Lattice Semiconductor Co. has a 52 week low of $44.53 and a 52 week high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC – Get Free Report) last posted its quarterly earnings data on Monday, July 31st. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). The business had revenue of $190.08 million during the quarter, compared to the consensus estimate of $188.15 million. Lattice Semiconductor had a net margin of 28.34% and a return on equity of 43.37%. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 1.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $110.00 price objective on shares of Lattice Semiconductor in a research report on Wednesday. TD Cowen increased their price objective on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 1st. Susquehanna raised their target price on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Benchmark raised their target price on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird raised their target price on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.91.

Get Our Latest Stock Report on LSCC

Lattice Semiconductor 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 Certus and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.