Jupiter Asset Management Ltd. Purchases Shares of 79,613 Lattice Semiconductor Co. (NASDAQ:LSCC)

Jupiter Asset Management Ltd. acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,613 shares of the semiconductor company’s stock, valued at approximately $7,647,000. Jupiter Asset Management Ltd. owned about 0.06% of Lattice Semiconductor at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cetera Advisor Networks LLC raised its stake in shares of Lattice Semiconductor by 11.7% during the second quarter. Cetera Advisor Networks LLC now owns 3,333 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 350 shares during the last quarter. Citigroup Inc. raised its stake in shares of Lattice Semiconductor by 66.3% during the second quarter. Citigroup Inc. now owns 483,384 shares of the semiconductor company’s stock valued at $46,439,000 after acquiring an additional 192,742 shares during the last quarter. Burney Co. bought a new position in shares of Lattice Semiconductor during the second quarter valued at about $1,949,000. BNP Paribas Arbitrage SNC raised its stake in shares of Lattice Semiconductor by 94.2% during the second quarter. BNP Paribas Arbitrage SNC now owns 341,851 shares of the semiconductor company’s stock valued at $32,842,000 after acquiring an additional 165,813 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Lattice Semiconductor by 2.0% during the second quarter. AGF Management Ltd. now owns 153,100 shares of the semiconductor company’s stock valued at $14,708,000 after acquiring an additional 3,000 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Sherri R. Luther sold 8,417 shares of the stock in a transaction that occurred on 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 owns 135,310 shares in the company, valued at $12,421,458. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Sherri R. Luther sold 8,417 shares of the stock in a transaction that occurred on 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 owns 135,310 shares in the company, valued at $12,421,458. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Sherri R. Luther sold 16,811 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $57.47, for a total transaction of $966,128.17. Following the sale, the chief financial officer now owns 111,916 shares in the company, valued at approximately $6,431,812.52. The disclosure for this sale can be found here. Insiders have sold a total of 143,263 shares of company stock worth $11,018,244 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $58.07 on Friday. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The company has a 50 day simple moving average of $74.34 and a two-hundred day simple moving average of $83.40. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 2.99 and a beta of 1.27.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective 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. StockNews.com assumed coverage on shares of Lattice Semiconductor in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Susquehanna decreased their price target on shares of Lattice Semiconductor from $95.00 to $75.00 and set a “positive” rating for the company in a research note on Tuesday, October 31st. Robert W. Baird increased their price target on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 1st. Finally, Needham & Company LLC decreased their price target on shares of Lattice Semiconductor from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.82.

Lattice Semiconductor Company 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.