CIBC Asset Management Inc Increases Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

CIBC Asset Management Inc boosted its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 5.8% in the 4th quarter, Holdings Channel reports. The fund owned 4,235 shares of the semiconductor company’s stock after purchasing an additional 231 shares during the period. CIBC Asset Management Inc’s holdings in Lattice Semiconductor were worth $240,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of 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 purchasing an additional 224 shares during the last quarter. UMB Bank n.a. lifted its position in Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after buying an additional 266 shares during the period. HighTower Advisors LLC boosted its stake in Lattice Semiconductor by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock worth $267,000 after buying an additional 348 shares during the last quarter. Empowered Funds LLC grew its holdings in Lattice Semiconductor by 7.5% in the 4th quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 349 shares during the period. Finally, Financial Advocates Investment Management grew its holdings 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 buying an additional 394 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LSCC shares. KeyCorp raised their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. TD Cowen decreased their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird upped their price objective on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. Finally, Raymond James lowered their price target on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $66.25.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated 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 transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. This trade represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,686 shares of company stock valued at $479,022. Corporate insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC opened at $65.34 on Wednesday. The company has a market capitalization of $9.01 billion, a P/E ratio of 148.50, a PEG ratio of 3.03 and a beta of 1.41. The company has a 50-day moving average of $58.72 and a 200-day moving average of $54.15. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share 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, sell-side analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

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.