Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by AGF Management Ltd.

AGF Management Ltd. decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,374 shares of the semiconductor company’s stock after selling 2,261 shares during the quarter. AGF Management Ltd. owned about 0.13% of Lattice Semiconductor worth $10,112,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LSCC. Artisan Partners Limited Partnership raised its position in Lattice Semiconductor by 6.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 9,544,835 shares of the semiconductor company’s stock worth $658,498,000 after acquiring an additional 611,550 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Lattice Semiconductor by 43.5% in the 4th quarter. Franklin Resources Inc. now owns 6,236,871 shares of the semiconductor company’s stock worth $430,282,000 after purchasing an additional 1,889,110 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Lattice Semiconductor by 78.7% during the first quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after purchasing an additional 1,098,962 shares during the last quarter. Robeco Schweiz AG boosted its holdings in Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after buying an additional 132,000 shares in the last quarter. Finally, Norges Bank acquired a new position in Lattice Semiconductor in the fourth quarter worth approximately $98,684,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

LSCC stock opened at $44.81 on Thursday. The firm has a 50 day simple moving average of $50.82 and a 200 day simple moving average of $64.05. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $92.23. The stock has a market cap of $6.16 billion, a P/E ratio of 28.72 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company had revenue of $124.08 million for the quarter, compared to analyst estimates of $130.17 million. During the same period last year, the business earned $0.40 EPS. The company’s quarterly revenue was down 34.7% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft reduced their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Stifel Nicolaus reduced their price objective on shares of Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, July 30th. Finally, Bank of America lowered shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and cut their price target for the company from $83.00 to $47.00 in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, valued at approximately $4,416,771.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

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.