Mackenzie Financial Corp Has $1.39 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Mackenzie Financial Corp raised its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 198.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,181 shares of the semiconductor company’s stock after purchasing an additional 13,415 shares during the period. Mackenzie Financial Corp’s holdings in Lattice Semiconductor were worth $1,392,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Lattice Semiconductor by 33.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock valued at $3,668,000 after purchasing an additional 10,650 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Lattice Semiconductor by 286.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after buying an additional 142,543 shares in the last quarter. Amalgamated Bank lifted its position in shares of Lattice Semiconductor by 8.7% during the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock worth $9,278,000 after buying an additional 8,603 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $530,000. Finally, Townsquare Capital LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter worth approximately $1,540,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on LSCC shares. Benchmark lifted their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Susquehanna dropped their target price on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. KeyCorp lifted their target price on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Insiders Place Their Bets

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares in the company, valued at $9,281,394.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the transaction, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the completion of the transaction, the senior vice president now directly owns 28,283 shares in the company, valued at approximately $2,021,951.67. The disclosure for this sale can be found here. Insiders have sold a total of 43,741 shares of company stock worth $3,225,795 over the last 90 days. Corporate insiders own 1.19% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $71.58 on Thursday. The company has a market cap of $9.85 billion, a P/E ratio of 38.69, a P/E/G ratio of 14.91 and a beta of 1.38. The stock’s fifty day moving average price is $75.70 and its two-hundred day moving average price is $69.09. Lattice Semiconductor Co. has a 1 year low of $51.96 and a 1 year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, analysts expect that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

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.