IFP Advisors Inc Decreases Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

IFP Advisors Inc cut its stake in Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,923 shares of the semiconductor company’s stock after selling 163 shares during the period. IFP Advisors Inc’s holdings in Lattice Semiconductor were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LSCC. PNC Financial Services Group Inc. raised its holdings in Lattice Semiconductor by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock valued at $462,000 after acquiring an additional 1,737 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Lattice Semiconductor in the first quarter valued at $122,000. Great West Life Assurance Co. Can raised its holdings in Lattice Semiconductor by 8.1% in the first quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after acquiring an additional 5,572 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Lattice Semiconductor by 5.6% during the first quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock worth $2,151,000 after purchasing an additional 1,886 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Lattice Semiconductor during the first quarter worth $6,647,000. 97.09% of the stock is owned by institutional investors and hedge funds.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $84.65 on Friday. The firm has a 50-day moving average price of $88.41 and a 200 day moving average price of $77.97. The firm has a market capitalization of $11.65 billion, a PE ratio of 59.61 and a beta of 1.27. The company has a quick ratio of 2.39, a current ratio of 3.59 and a debt-to-equity ratio of 0.20. Lattice Semiconductor Co. has a 52-week low of $43.41 and a 52-week high of $96.82.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last announced its earnings results on Monday, May 1st. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $184.30 million during the quarter, compared to analyst estimates of $178.31 million. Lattice Semiconductor had a net margin of 28.63% and a return on equity of 44.49%. Lattice Semiconductor’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, sell-side analysts anticipate that Lattice Semiconductor Co. will post 1.7 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Glenn O’rourke sold 13,334 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $82.76, for a total transaction of $1,103,521.84. Following the completion of the transaction, the senior vice president now owns 23,642 shares in the company, valued at approximately $1,956,611.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Glenn O’rourke sold 13,334 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $82.76, for a total transaction of $1,103,521.84. Following the completion of the transaction, the senior vice president now owns 23,642 shares in the company, valued at approximately $1,956,611.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David Jeffrey Richardson sold 22,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $84.23, for a total transaction of $1,853,060.00. Following the transaction, the director now owns 29,567 shares of the company’s stock, valued at approximately $2,490,428.41. The disclosure for this sale can be found here. Insiders sold 164,489 shares of company stock worth $13,934,528 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LSCC shares. Stifel Nicolaus increased their target price on shares of Lattice Semiconductor from $71.00 to $82.00 in a report on Tuesday, May 2nd. Jefferies Financial Group increased their target price on shares of Lattice Semiconductor from $96.00 to $102.00 in a report on Tuesday. Susquehanna increased their target price on shares of Lattice Semiconductor from $75.00 to $95.00 and gave the stock a “positive” rating in a report on Tuesday, February 14th. Robert W. Baird increased their target price on shares of Lattice Semiconductor from $75.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, February 22nd. Finally, Benchmark increased their target price on shares of Lattice Semiconductor from $65.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.18.

Lattice Semiconductor Company Profile

(Get Rating)

Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.