Fiera Capital Corp Lowers Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Fiera Capital Corp trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 848,334 shares of the semiconductor company’s stock after selling 18,215 shares during the quarter. Fiera Capital Corp owned approximately 0.61% of Lattice Semiconductor worth $48,058,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Lattice Semiconductor in the third quarter valued at $49,297,000. Westfield Capital Management Co. LP purchased a new position in shares of Lattice Semiconductor in the 3rd quarter valued at about $38,194,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Lattice Semiconductor by 319.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares during the period. Barclays PLC boosted its position in Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in Lattice Semiconductor by 1,983.6% in the third quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company’s stock valued at $9,125,000 after purchasing an additional 163,685 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on LSCC. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday. Benchmark upped their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird lifted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday. Finally, StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Insiders Place Their Bets

In other news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now owns 14,279 shares in the company, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $61.52 on Thursday. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a market cap of $8.49 billion, a PE ratio of 59.73 and a beta of 1.41. The stock has a 50 day moving average price of $57.84 and a 200 day moving average price of $53.01.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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 return on equity of 16.84% and a net margin of 25.48%. As a group, analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

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.