Bank of Montreal Can Sells 115,809 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Bank of Montreal Can trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 80.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,870 shares of the semiconductor company’s stock after selling 115,809 shares during the quarter. Bank of Montreal Can’s holdings in Lattice Semiconductor were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LSCC. Aster Capital Management DIFC Ltd purchased a new position in Lattice Semiconductor in the fourth quarter worth about $74,000. Quadrant Capital Group LLC lifted its stake in shares of Lattice Semiconductor by 48.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,632 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 536 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Lattice Semiconductor by 2.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 103,185 shares of the semiconductor company’s stock worth $5,845,000 after buying an additional 2,876 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Lattice Semiconductor during the fourth quarter valued at approximately $263,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Lattice Semiconductor during the fourth quarter valued at approximately $77,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LSCC. Susquehanna upped their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, February 11th. KeyCorp raised their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Loop Capital assumed coverage on shares of Lattice Semiconductor in a research note on Friday, April 4th. They set a “buy” rating and a $85.00 target price on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Stock Down 1.0 %

Shares of LSCC stock opened at $41.18 on Friday. The stock has a market cap of $5.67 billion, a P/E ratio of 93.59, a PEG ratio of 3.03 and a beta of 1.64. The company’s fifty day simple moving average is $56.39 and its two-hundred day simple moving average is $55.76. Lattice Semiconductor Co. has a 52 week low of $34.69 and a 52 week high of $78.85.

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

Insider Activity at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of Lattice Semiconductor stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the transaction, the director now owns 122,538 shares in the company, valued at approximately $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

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.