XTX Topco Ltd Makes New $3.92 Million Investment in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• XTX Topco Ltd acquired a new stake in Lattice Semiconductor Corporation, purchasing 74,663 shares valued at approximately $3.92 million.
• Multiple institutional investors have increased their positions in Lattice Semiconductor, resulting in 98.08% institutional ownership of the company's stock.
• Recent analyst ratings for Lattice Semiconductor include target price increases, with estimates ranging from $58.00 to $72.00 and an average rating of "Moderate Buy."

XTX Topco Ltd acquired a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 74,663 shares of the semiconductor company's stock, valued at approximately $3,916,000. XTX Topco Ltd owned about 0.05% of Lattice Semiconductor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its position in shares of Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after purchasing an additional 478,440 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after acquiring an additional 4,676,100 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lattice Semiconductor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after buying an additional 74,655 shares during the period. Capital Research Global Investors boosted its stake in shares of Lattice Semiconductor by 10.6% in the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock valued at $127,944,000 after buying an additional 216,617 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Lattice Semiconductor by 18.1% in the 4th quarter. Bank of America Corp DE now owns 1,727,479 shares of the semiconductor company's stock valued at $97,862,000 after buying an additional 264,703 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded down $0.23 during trading on Wednesday, reaching $52.84. The company had a trading volume of 1,851,792 shares, compared to its average volume of 1,768,996. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 142.81, a price-to-earnings-growth ratio of 3.57 and a beta of 1.52. The stock's fifty day moving average price is $50.25 and its 200 day moving average price is $53.14. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The company's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Elizabeth M. Schwarting sold 700 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director directly owned 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the sale, the senior vice president owned 87,106 shares in the company, valued at approximately $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LSCC. Robert W. Baird lifted their price objective on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Raymond James Financial restated an "outperform" rating and set a $64.00 target price (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen boosted their target price on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. KeyCorp decreased their target price on Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor presently has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

About Lattice Semiconductor

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