Fiera Capital Corp Reduces Stock Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Key Points

• Fiera Capital Corp reduced its stake in Lattice Semiconductor by 3.8%, selling 32,602 shares and now holding approximately 815,732 shares valued at $42.8 million.
• Majority of Lattice Semiconductor stock (98.08%) is owned by institutional investors, with recent investments from Picton Mahoney Asset Management and Skandinaviska Enskilda Banken, among others.
• Wall Street analysts maintain a positive outlook on Lattice Semiconductor, with an average rating of "Moderate Buy" and a consensus price target of $63.15.

Fiera Capital Corp cut its holdings in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 815,732 shares of the semiconductor company's stock after selling 32,602 shares during the quarter. Fiera Capital Corp owned approximately 0.59% of Lattice Semiconductor worth $42,785,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Allworth Financial LP increased its position in shares of Lattice Semiconductor by 65.7% during the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock valued at $28,000 after buying an additional 222 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock valued at $32,000 after buying an additional 410 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Lattice Semiconductor during the first quarter valued at about $36,000. Johnson Financial Group Inc. bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at about $52,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at about $74,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the completion of the sale, the senior vice president owned 87,106 shares of the company's stock, valued at $4,926,715.36. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director directly owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LSCC shares. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Rosenblatt Securities restated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Loop Capital decreased their price objective on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Raymond James Financial restated an "outperform" rating and issued a $64.00 price objective (down from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.50.

Lattice Semiconductor Price Performance

NASDAQ LSCC traded down $0.91 on Friday, reaching $48.92. 1,893,348 shares of the company's stock traded hands, compared to its average volume of 2,596,252. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $70.55. The stock has a 50-day simple moving average of $50.43 and a 200 day simple moving average of $53.10. The stock has a market cap of $6.73 billion, a PE ratio of 132.23, a P/E/G ratio of 3.56 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $120.15 million during the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 9.24% and a net margin of 10.51%. The business's quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, analysts anticipate that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

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.