Securian Asset Management Inc. Trims Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Securian Asset Management Inc. cut its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,430 shares of the semiconductor company’s stock after selling 283 shares during the quarter. Securian Asset Management Inc.’s holdings in Lattice Semiconductor were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC lifted its stake in shares of Lattice Semiconductor by 2,923.4% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after purchasing an additional 1,473,154 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at about $49,297,000. Westfield Capital Management Co. LP acquired a new position in shares of Lattice Semiconductor in the 3rd quarter valued at about $38,194,000. Raymond James Financial Inc. acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $28,325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Lattice Semiconductor by 319.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after purchasing an additional 380,790 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the sale, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owns 122,538 shares of the company’s stock, 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. Insiders have sold 14,740 shares of company stock worth $943,026 in the last three months. 1.80% of the stock is owned by insiders.

Lattice Semiconductor Stock Up 4.8 %

LSCC stock opened at $60.79 on Monday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $80.47. The stock’s 50 day moving average is $59.48 and its two-hundred day moving average is $55.50. The company has a market capitalization of $8.38 billion, a PE ratio of 138.16, a P/E/G ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LSCC. Susquehanna lifted their price objective on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Robert W. Baird raised their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Stifel Nicolaus raised their target price on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

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.