BlackRock Inc. Buys 1,053,032 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

BlackRock Inc. grew its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,046,065 shares of the semiconductor company’s stock after acquiring an additional 1,053,032 shares during the period. BlackRock Inc. owned 0.15% of Lattice Semiconductor worth $1,360,627,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can grew its holdings in shares of Lattice Semiconductor by 525.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 53,135 shares of the semiconductor company’s stock valued at $2,985,000 after acquiring an additional 44,638 shares in the last quarter. Liberty Wealth Management LLC grew its holdings in shares of Lattice Semiconductor by 5,519.2% in the 2nd quarter. Liberty Wealth Management LLC now owns 1,461 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 1,435 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Lattice Semiconductor by 172,500.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 60,410 shares of the semiconductor company’s stock worth $3,394,000 after purchasing an additional 60,375 shares during the period. Nippon Life Global Investors Americas Inc. bought a new position in Lattice Semiconductor during the third quarter worth about $2,893,000. Finally, Morgan Stanley grew its holdings in Lattice Semiconductor by 1,422.4% during the second quarter. Morgan Stanley now owns 566,980 shares of the semiconductor company’s stock worth $31,852,000 after purchasing an additional 529,738 shares during the period. Institutional investors own 96.86% of the company’s stock.

In other news, VP Stephen Douglass sold 903 shares of Lattice Semiconductor stock in a transaction that occurred on Sunday, November 14th. The shares were sold at an average price of $82.46, for a total value of $74,461.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Jon Nelson sold 59,769 shares of the business’s stock in a transaction that occurred on Saturday, January 8th. The shares were sold at an average price of $68.81, for a total transaction of $4,112,704.89. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,563 shares of company stock valued at $19,736,628. 1.64% of the stock is owned by company insiders.

A number of equities analysts recently commented on the company. Craig Hallum lifted their price target on Lattice Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, November 3rd. Susquehanna lifted their price target on Lattice Semiconductor from $57.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, November 3rd. Rosenblatt Securities lifted their price target on Lattice Semiconductor from $68.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 3rd. Benchmark lifted their price target on Lattice Semiconductor from $81.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, November 16th. Finally, William Blair reiterated an “outperform” rating on shares of Lattice Semiconductor in a report on Wednesday, November 3rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $77.13.

Shares of NASDAQ:LSCC opened at $64.14 on Friday. Lattice Semiconductor Co. has a 12-month low of $37.38 and a 12-month high of $85.45. The stock has a market cap of $8.78 billion, a PE ratio of 110.59, a P/E/G ratio of 6.86 and a beta of 0.93. The business has a 50 day moving average of $76.28 and a 200-day moving average of $66.73. The company has a quick ratio of 2.76, a current ratio of 3.40 and a debt-to-equity ratio of 0.37.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. Lattice Semiconductor had a net margin of 17.34% and a return on equity of 22.26%. The company had revenue of $131.91 million during the quarter, compared to the consensus estimate of $128.37 million. During the same period in the previous year, the business earned $0.11 earnings per share. Equities research analysts expect that Lattice Semiconductor Co. will post 0.72 earnings per share for the current year.

Lattice Semiconductor declared that its Board of Directors has approved a stock repurchase plan on Monday, November 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the semiconductor company to repurchase up to 0.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

About Lattice Semiconductor

Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.

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

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