Lattice Semiconductor Co. (NASDAQ:LSCC) Stake Lessened by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 80.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC raised its stake in shares of Lattice Semiconductor by 15.3% during the 4th quarter. Lindbrook Capital LLC now owns 1,428 shares of the semiconductor company's stock worth $81,000 after buying an additional 190 shares during the last quarter. Tidal Investments LLC raised its position in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company's stock worth $592,000 after acquiring an additional 224 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Lattice Semiconductor by 5.8% in the fourth quarter. CIBC Asset Management Inc now owns 4,235 shares of the semiconductor company's stock valued at $240,000 after purchasing an additional 231 shares in the last quarter. UMB Bank n.a. grew its position in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of Lattice Semiconductor by 6.8% during the 4th quarter. Truvestments Capital LLC now owns 4,295 shares of the semiconductor company's stock worth $243,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company's stock.

Wall Street Analyst Weigh In

LSCC has been the topic of a number of analyst reports. Loop Capital assumed coverage on Lattice Semiconductor in a research note on Friday, April 4th. They set a "buy" rating and a $85.00 price objective on the stock. Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company a "positive" rating in a report 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 report on Tuesday, February 11th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Lattice Semiconductor from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lattice Semiconductor presently has an average rating of "Moderate Buy" and an average target price of $67.69.

Insider Transactions at Lattice Semiconductor

In related news, Director Robin Ann Abrams sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company's stock, valued at $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

Lattice Semiconductor Price Performance

Shares of LSCC stock traded up $2.98 on Wednesday, hitting $45.22. 527,226 shares of the stock traded hands, compared to its average volume of 2,558,896. The company has a market capitalization of $6.22 billion, a PE ratio of 102.78, a PEG ratio of 3.03 and a beta of 1.64. The company's fifty day moving average is $55.23 and its 200 day moving average is $55.57. Lattice Semiconductor Co. has a 1-year low of $34.69 and a 1-year high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly 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 net margin of 12.00% and a return on equity of 11.22%. As a group, equities research analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

About Lattice Semiconductor

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.