Bank of Montreal Can Grows Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Bank of Montreal Can grew its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 265.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 143,679 shares of the semiconductor company’s stock after buying an additional 104,400 shares during the period. Bank of Montreal Can’s holdings in Lattice Semiconductor were worth $7,690,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP bought a new stake in Lattice Semiconductor in the 3rd quarter worth approximately $38,194,000. William Blair Investment Management LLC lifted its holdings in shares of Lattice Semiconductor by 26.8% in the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Lattice Semiconductor by 19.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Lattice Semiconductor by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after purchasing an additional 146,199 shares during the period. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Up 2.8 %

Shares of NASDAQ LSCC opened at $58.33 on Tuesday. The firm has a fifty day simple moving average of $52.76 and a two-hundred day simple moving average of $54.85. The firm has a market capitalization of $8.05 billion, a PE ratio of 56.63 and a beta of 1.39. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James cut their price target 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. KeyCorp reduced their price target on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Susquehanna lowered their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird dropped their price objective on Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating for the company in a research note 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.42.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. This represents a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,226 shares of company stock worth $314,838 in the last quarter. 1.80% of the stock is owned by company 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.