Wellington Management Group LLP Purchases 483,673 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Wellington Management Group LLP grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1,720.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 511,794 shares of the semiconductor company’s stock after buying an additional 483,673 shares during the period. Wellington Management Group LLP owned approximately 0.37% of Lattice Semiconductor worth $35,309,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA increased its position in Lattice Semiconductor by 60.1% during the 4th quarter. Congress Asset Management Co. MA now owns 77,005 shares of the semiconductor company’s stock worth $5,313,000 after buying an additional 28,900 shares during the period. Goldman Sachs Group Inc. increased its position in Lattice Semiconductor by 7.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 885,576 shares of the semiconductor company’s stock worth $61,096,000 after buying an additional 62,320 shares during the period. Eventide Asset Management LLC increased its position in Lattice Semiconductor by 29.7% during the 4th quarter. Eventide Asset Management LLC now owns 555,329 shares of the semiconductor company’s stock worth $38,312,000 after buying an additional 127,326 shares during the period. Clear Street Markets LLC acquired a new stake in shares of Lattice Semiconductor during the 4th quarter worth $92,000. Finally, Robeco Schweiz AG grew its holdings in shares of Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after purchasing an additional 132,000 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LSCC. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Susquehanna increased their target price on Lattice Semiconductor from $78.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, April 30th. Bank of America increased their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Robert W. Baird increased their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a research note on Monday, May 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $82.09.

Lattice Semiconductor Trading Down 2.0 %

Shares of LSCC stock opened at $58.56 on Monday. The business’s 50-day moving average price is $68.87 and its 200-day moving average price is $70.49. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 13.00 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The firm had revenue of $140.82 million for the quarter, compared to analyst estimates of $140.08 million. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO James Robert Anderson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 16,465 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total value of $1,185,150.70. Following the transaction, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The disclosure for this sale can be found here. Insiders sold 49,566 shares of company stock worth $3,664,529 over the last ninety days. 1.80% of the stock is owned by insiders.

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