Bank of America Corp DE Makes New $94.74 Million Investment in Lattice Semiconductor Corporation $LSCC

Key Points

• Bank of America acquired 619,377 Lattice Semiconductor shares valued at approximately $94.7 million, representing about 0.45% of the company. Institutional investors and hedge funds collectively own 98.08% of LSCC.
• Lattice reported quarterly EPS of $0.53, beating estimates of $0.44, while revenue rose 62.2% year over year to $201.08 million. The company guided for third-quarter EPS of $0.54–$0.58.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $147.46 versus the stock’s reported price of $110.96.

Bank of America Corp DE purchased a new stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 619,377 shares of the semiconductor company's stock, valued at approximately $94,740,000. Bank of America Corp DE owned about 0.45% of Lattice Semiconductor at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. State of Wyoming purchased a new stake in Lattice Semiconductor during the 2nd quarter worth approximately $3,155,000. Compass Wealth Management LLC purchased a new position in Lattice Semiconductor in the 2nd quarter valued at approximately $1,884,000. BlackRock Inc. acquired a new position in shares of Lattice Semiconductor in the second quarter worth $2,637,161,000. Artemis Wealth Advisors LLC purchased a new stake in shares of Lattice Semiconductor during the second quarter worth $886,000. Finally, Wasatch Advisors LP purchased a new stake in shares of Lattice Semiconductor during the second quarter worth $8,443,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Up 2.2%

NASDAQ:LSCC opened at $110.96 on Friday. Lattice Semiconductor Corporation has a 52-week low of $60.50 and a 52-week high of $157.01. The company has a quick ratio of 2.33, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $121.95 and a 200-day simple moving average of $121.42. The company has a market capitalization of $15.20 billion, a PE ratio of 426.77, a price-to-earnings-growth ratio of 1.65 and a beta of 1.79.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.09. The firm had revenue of $201.08 million for the quarter, compared to analysts' expectations of $185.50 million. Lattice Semiconductor had a net margin of 5.58% and a return on equity of 10.92%. The firm's revenue was up 62.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. Lattice Semiconductor has set its Q3 2026 guidance at 0.540-0.580 EPS. On average, equities research analysts expect that Lattice Semiconductor Corporation will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Lattice Semiconductor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Jefferies Financial Group upped their target price on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their target price on shares of Lattice Semiconductor from $140.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. TD Cowen lifted their price target on shares of Lattice Semiconductor from $145.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. Finally, Needham & Company LLC boosted their price target on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $147.46.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Pravin Desale sold 2,039 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $111.83, for a total transaction of $228,021.37. Following the sale, the senior vice president directly owned 73,456 shares of the company's stock, valued at $8,214,584.48. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Esam Elashmawi sold 15,742 shares of Lattice Semiconductor stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $134.77, for a total transaction of $2,121,549.34. Following the sale, the senior vice president owned 155,420 shares of the company's stock, valued at approximately $20,945,953.40. This trade represents a 9.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 19,661 shares of company stock worth $2,587,259. 0.62% of the stock is owned by corporate insiders.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation develops and supplies low-power, field-programmable gate arrays (FPGAs) and related semiconductor solutions. Its products allow customers to configure hardware for specific applications after manufacturing, providing flexibility for industrial, communications, automotive, consumer electronics and computing systems.

The company's portfolio includes small and mid-range FPGAs, system-on-chip devices, programmable logic products, development software, evaluation boards and design tools.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.