The Manufacturers Life Insurance Company Has $5.84 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

The Manufacturers Life Insurance Company reduced its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,062 shares of the semiconductor company’s stock after selling 3,225 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Lattice Semiconductor worth $5,841,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LSCC. Swedbank AB grew its holdings in shares of Lattice Semiconductor by 0.6% during the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock worth $3,120,000 after purchasing an additional 300 shares during the last quarter. Tidal Investments LLC grew its holdings in Lattice Semiconductor by 10.2% during the 1st quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 308 shares during the last quarter. Financial Advocates Investment Management increased its position in Lattice Semiconductor by 7.4% in the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 394 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Lattice Semiconductor by 35.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Lattice Semiconductor by 3.0% during the second quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock valued at $833,000 after purchasing an additional 422 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LSCC. Raymond James dropped their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird dropped their target price on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Susquehanna decreased their price target on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. KeyCorp dropped their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $61.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $57.71 on Friday. The business has a fifty day moving average price of $53.11 and a two-hundred day moving average price of $54.80. The stock has a market capitalization of $7.96 billion, a PE ratio of 56.03 and a beta of 1.42. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction 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 transaction, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,226 shares of company stock worth $314,838. 1.80% of the stock is currently owned by insiders.

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.