Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 848,334 shares of the semiconductor company’s stock after selling 18,215 shares during the period. Fiera Capital Corp’s holdings in Lattice Semiconductor were worth $48,058,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after acquiring an additional 372,301 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Lattice Semiconductor in the third quarter valued at $49,297,000. Charles Schwab Investment Management Inc. grew its stake in Lattice Semiconductor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock worth $48,287,000 after purchasing an additional 22,770 shares in the last quarter. Stephens Investment Management Group LLC increased its holdings in Lattice Semiconductor by 12.6% during the 4th quarter. Stephens Investment Management Group LLC now owns 878,367 shares of the semiconductor company’s stock worth $49,759,000 after purchasing an additional 98,096 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Lattice Semiconductor by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock valued at $41,493,000 after purchasing an additional 146,199 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at approximately $707,411.74. This represents a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,022 shares of company stock valued at $596,502. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $61.52 on Thursday. The company has a fifty day moving average of $57.84 and a two-hundred day moving average of $53.01. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $8.49 billion, a PE ratio of 59.73 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. On average, research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LSCC shares. Benchmark boosted their price objective on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. KeyCorp raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday. TD Cowen lowered their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

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.