TD Asset Management Inc. Increases Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

TD Asset Management Inc. raised its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,810,834 shares of the semiconductor company’s stock after buying an additional 162,546 shares during the period. TD Asset Management Inc.’s holdings in Lattice Semiconductor were worth $102,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pier Capital LLC grew its position in Lattice Semiconductor by 114.7% in the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after acquiring an additional 86,276 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lattice Semiconductor in the third quarter worth approximately $1,314,000. Stifel Financial Corp grew its holdings in Lattice Semiconductor by 99.0% during the 3rd quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock worth $3,172,000 after acquiring an additional 29,734 shares in the last quarter. US Bancorp DE increased its position in shares of Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after purchasing an additional 800 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Lattice Semiconductor by 265.8% in the 3rd quarter. Bank of Montreal Can now owns 143,679 shares of the semiconductor company’s stock valued at $7,690,000 after purchasing an additional 104,400 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by corporate insiders.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $62.76 on Wednesday. The business has a 50 day simple moving average of $60.35 and a 200-day simple moving average of $56.36. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $80.13. The stock has a market capitalization of $8.65 billion, a PE ratio of 142.64, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LSCC. Robert W. Baird boosted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. KeyCorp raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Finally, Stifel Nicolaus boosted their price target on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.25.

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