Canada Pension Plan Investment Board Has $74,000 Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Canada Pension Plan Investment Board trimmed its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 27.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,300 shares of the semiconductor company’s stock after selling 500 shares during the period. Canada Pension Plan Investment Board’s holdings in Lattice Semiconductor were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Lattice Semiconductor during the 4th quarter worth about $88,674,000. TimesSquare Capital Management LLC increased its position in Lattice Semiconductor by 2,923.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after buying an additional 1,473,154 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Lattice Semiconductor in the fourth quarter valued at approximately $28,325,000. Barclays PLC raised its stake in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock valued at $54,124,000 after buying an additional 372,301 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after buying an additional 229,820 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. The trade was a 2.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $49.04 on Friday. The stock has a market capitalization of $6.75 billion, a PE ratio of 111.46, a P/E/G ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a fifty-two week low of $34.69 and a fifty-two week high of $78.85. The business has a fifty day moving average price of $54.14 and a two-hundred day moving average price of $55.48.

Lattice Semiconductor (NASDAQ:LSCC) last posted 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 return on equity of 11.22% and a net margin of 12.00%. On average, equities analysts expect that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Benchmark raised their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. KeyCorp upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Loop Capital began coverage on shares of Lattice Semiconductor in a research report on Friday, April 4th. They set a “buy” rating and a $85.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $67.69.

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.