Toronto Dominion Bank Reduces Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Toronto Dominion Bank decreased its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 83.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,432 shares of the semiconductor company’s stock after selling 11,940 shares during the quarter. Toronto Dominion Bank’s holdings in Lattice Semiconductor were worth $129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American National Bank & Trust increased its holdings in Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the period. West Oak Capital LLC grew its position in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after buying an additional 550 shares during the last quarter. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $53,000. Blue Trust Inc. raised its holdings in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in Lattice Semiconductor by 35.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after acquiring an additional 407 shares during the period. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Stock Performance

LSCC stock opened at $63.46 on Tuesday. The firm has a 50 day moving average price of $54.15 and a 200-day moving average price of $53.90. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 61.61 and a beta of 1.42.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Susquehanna reduced their price objective on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird lifted their target price on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Raymond James decreased their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC raised their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen reduced their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $62.00.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 4,387 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction on Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock worth $490,534 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

About Lattice Semiconductor

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.