Assenagon Asset Management S.A. lowered its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Free Report) by 93.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,157 shares of the semiconductor company’s stock after selling 186,866 shares during the period. Assenagon Asset Management S.A.’s holdings in Lattice Semiconductor were worth $1,360,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of LSCC. Bank Julius Baer & Co. Ltd Zurich raised its stake in Lattice Semiconductor by 85,429.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 13,318,683 shares of the semiconductor company’s stock worth $1,279,526,000 after purchasing an additional 13,303,111 shares during the period. FMR LLC raised its stake in shares of Lattice Semiconductor by 41.9% in the 1st quarter. FMR LLC now owns 10,476,087 shares of the semiconductor company’s stock valued at $1,000,466,000 after acquiring an additional 3,095,892 shares during the period. Norges Bank purchased a new position in shares of Lattice Semiconductor in the 4th quarter valued at $87,617,000. 1832 Asset Management L.P. raised its stake in shares of Lattice Semiconductor by 707.8% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock valued at $98,203,000 after acquiring an additional 901,000 shares during the period. Finally, Robeco Schweiz AG raised its stake in shares of Lattice Semiconductor by 96.0% in the 1st quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock valued at $93,314,000 after acquiring an additional 750,000 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.
Lattice Semiconductor Trading Down 5.8 %
NASDAQ LSCC opened at $75.08 on Monday. The firm has a market capitalization of $10.35 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The company has a 50-day simple moving average of $87.62 and a 200-day simple moving average of $87.79. Lattice Semiconductor Co. has a one year low of $45.29 and a one year high of $98.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.75.
Insiders Place Their Bets
In other Lattice Semiconductor news, CFO Sherri R. Luther sold 8,417 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $91.80, for a total transaction of $772,680.60. Following the sale, the chief financial officer now directly owns 135,310 shares in the company, valued at approximately $12,421,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Sherri R. Luther sold 8,417 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $91.80, for a total value of $772,680.60. Following the sale, the chief financial officer now directly owns 135,310 shares in the company, valued at approximately $12,421,458. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $83.53, for a total transaction of $835,300.00. Following the completion of the sale, the director now owns 10,144 shares in the company, valued at $847,328.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,184 shares of company stock worth $11,698,010. 1.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have recently commented on LSCC. TD Cowen 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 note on Tuesday, August 1st. Susquehanna lifted their price target on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Tuesday, August 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $110.00 price target on shares of Lattice Semiconductor in a research note on Wednesday, September 20th. Benchmark lifted their price target on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, StockNews.com started coverage on shares of Lattice Semiconductor in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.
Get Our Latest Research Report on LSCC
Lattice Semiconductor Profile
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.
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