Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Healthcare of Ontario Pension Plan Trust Fund lessened its position in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 81.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,026 shares of the semiconductor company’s stock after selling 61,974 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lattice Semiconductor were worth $690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LSCC. Vanguard Group Inc. increased its holdings in Lattice Semiconductor by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 13,532,184 shares of the semiconductor company’s stock worth $824,787,000 after purchasing an additional 71,477 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Lattice Semiconductor by 33.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,909,504 shares of the semiconductor company’s stock worth $577,611,000 after acquiring an additional 3,013,254 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Lattice Semiconductor by 2.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 9,941,581 shares of the semiconductor company’s stock worth $489,225,000 after acquiring an additional 243,980 shares in the last quarter. State Street Corp boosted its position in shares of Lattice Semiconductor by 3.1% during the 1st quarter. State Street Corp now owns 4,824,637 shares of the semiconductor company’s stock worth $294,062,000 after acquiring an additional 145,678 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Lattice Semiconductor by 36.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,899,298 shares of the semiconductor company’s stock worth $115,762,000 after acquiring an additional 506,212 shares in the last quarter. Hedge funds and other institutional investors own 97.09% of the company’s stock.

Insider Transactions at Lattice Semiconductor

In other news, Director Mark Edwin Jensen sold 9,000 shares of the stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $64.55, for a total transaction of $580,950.00. Following the completion of the transaction, the director now directly owns 97,841 shares of the company’s stock, valued at approximately $6,315,636.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Sherri R. Luther sold 8,897 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $83.96, for a total value of $746,992.12. Following the completion of the transaction, the chief financial officer now directly owns 159,272 shares of the company’s stock, valued at approximately $13,372,477.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Edwin Jensen sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $64.55, for a total value of $580,950.00. Following the completion of the transaction, the director now directly owns 97,841 shares of the company’s stock, valued at $6,315,636.55. The disclosure for this sale can be found here. In the last three months, insiders sold 123,773 shares of company stock valued at $9,879,803. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

LSCC has been the subject of several analyst reports. KeyCorp upped their price objective on Lattice Semiconductor from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 14th. Stifel Nicolaus upped their target price on Lattice Semiconductor from $60.00 to $71.00 and gave the company a “hold” rating in a research report on Tuesday, February 14th. Benchmark upped their target price on Lattice Semiconductor from $65.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Robert W. Baird upped their target price on Lattice Semiconductor from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Craig Hallum decreased their target price on Lattice Semiconductor from $58.00 to $50.00 and set a “hold” rating for the company in a research report on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Lattice Semiconductor presently has an average rating of “Moderate Buy” and a consensus price target of $86.90.

Lattice Semiconductor Stock Up 1.6 %

Lattice Semiconductor stock opened at $84.96 on Wednesday. Lattice Semiconductor Co. has a twelve month low of $43.41 and a twelve month high of $92.55. The stock has a 50 day moving average of $75.43 and a two-hundred day moving average of $64.00. The company has a current ratio of 2.98, a quick ratio of 2.11 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 66.38 and a beta of 1.34.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The semiconductor company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $175.96 million during the quarter, compared to analysts’ expectations of $174.73 million. Lattice Semiconductor had a return on equity of 42.26% and a net margin of 27.09%. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. As a group, research analysts expect that Lattice Semiconductor Co. will post 1.68 earnings per share for the current year.

Lattice Semiconductor Profile

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Lattice Semiconductor Corp. designs, develops and markets programmable logic products and related software. The company includes semiconductor devices, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. It provides smart connectivity solutions powered by its low power FPGA, video ASSP, millimeter wave, and IP products to the consumer, communications, industrial, computing, and automotive markets.