Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its stake in Lattice Semiconductor Corporation by 5.0%, selling 90,590 shares during the first quarter, and now holds approximately 1.25% of the company's stock.
• Several institutional investors, including HighTower Advisors and Mitsubishi UFJ Asset Management, have recently increased their positions in Lattice Semiconductor, indicating growing interest from large investment firms.
• Analysts maintain a generally positive outlook on Lattice Semiconductor with an average price target of $63.15, where the stock has received a "Moderate Buy" rating from most research analysts.

TD Asset Management Inc lessened its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 5.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,720,244 shares of the semiconductor company's stock after selling 90,590 shares during the period. TD Asset Management Inc owned approximately 1.25% of Lattice Semiconductor worth $90,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LSCC. HighTower Advisors LLC raised its holdings in Lattice Semiconductor by 33.9% during the 4th quarter. HighTower Advisors LLC now owns 6,886 shares of the semiconductor company's stock valued at $390,000 after buying an additional 1,745 shares during the period. Virtu Financial LLC bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth $255,000. KLP Kapitalforvaltning AS bought a new stake in shares of Lattice Semiconductor during the fourth quarter worth $1,586,000. Vanguard Group Inc. lifted its position in shares of Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after purchasing an additional 229,820 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Lattice Semiconductor by 872.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 13,292 shares of the semiconductor company's stock worth $748,000 after purchasing an additional 11,925 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC traded up $0.71 during mid-day trading on Wednesday, hitting $53.78. The stock had a trading volume of 332,979 shares, compared to its average volume of 2,590,733. The firm's 50 day moving average is $50.25 and its 200 day moving average is $53.14. Lattice Semiconductor Corporation has a twelve month low of $34.69 and a twelve month high of $70.55. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 145.53, a PEG ratio of 3.62 and a beta of 1.52.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LSCC. Benchmark reiterated a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Robert W. Baird boosted their price target on Lattice Semiconductor from $42.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Williams Trading set a $60.00 target price on Lattice Semiconductor in a research report on Tuesday, May 6th. TD Cowen boosted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Loop Capital reduced their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.15.

Insiders Place Their Bets

In related news, Director Elizabeth M. Schwarting sold 700 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the transaction, the director directly owned 8,084 shares in the company, valued at $420,610.52. This trade represents a 7.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 1.19% 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.