CIBC Asset Management Inc Boosts Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

CIBC Asset Management Inc boosted its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,235 shares of the semiconductor company’s stock after acquiring an additional 231 shares during the period. CIBC Asset Management Inc’s holdings in Lattice Semiconductor were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Lattice Semiconductor by 468.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 36,253 shares of the semiconductor company’s stock valued at $1,924,000 after purchasing an additional 29,879 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Lattice Semiconductor by 40.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,349 shares of the semiconductor company’s stock worth $337,000 after buying an additional 1,830 shares during the period. State of Alaska Department of Revenue lifted its stake in Lattice Semiconductor by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 16,059 shares of the semiconductor company’s stock valued at $852,000 after buying an additional 1,085 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Lattice Semiconductor by 159.5% in the third quarter. Nisa Investment Advisors LLC now owns 11,165 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 6,862 shares during the period. Finally, Roubaix Capital LLC acquired a new stake in shares of Lattice Semiconductor in the third quarter valued at approximately $5,794,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Pravin Desale sold 2,890 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,686 shares of company stock worth $479,022. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $65.34 on Wednesday. The stock’s 50 day moving average price is $58.72 and its 200 day moving average price is $54.15. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a market cap of $9.01 billion, a PE ratio of 148.50, a price-to-earnings-growth ratio of 3.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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%. On average, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LSCC. TD Cowen reduced their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Susquehanna upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird boosted their price target on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Benchmark increased 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, February 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $66.25.

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.