Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,873 shares of the semiconductor company’s stock after purchasing an additional 768 shares during the period. Retirement Systems of Alabama owned approximately 0.19% of Lattice Semiconductor worth $18,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LSCC. AE Wealth Management LLC raised its position in Lattice Semiconductor by 39.7% during the third quarter. AE Wealth Management LLC now owns 3,098 shares of the semiconductor company’s stock valued at $266,000 after acquiring an additional 881 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Lattice Semiconductor by 23.3% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,300 shares of the semiconductor company’s stock valued at $2,002,000 after acquiring an additional 4,400 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Lattice Semiconductor by 59.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 6,636 shares of the semiconductor company’s stock valued at $570,000 after acquiring an additional 2,481 shares during the period. Xponance Inc. raised its holdings in shares of Lattice Semiconductor by 3.5% in the third quarter. Xponance Inc. now owns 31,918 shares of the semiconductor company’s stock valued at $2,743,000 after buying an additional 1,077 shares during the last quarter. Finally, Affinity Wealth Management LLC raised its holdings in shares of Lattice Semiconductor by 1.3% in the third quarter. Affinity Wealth Management LLC now owns 90,426 shares of the semiconductor company’s stock valued at $7,770,000 after buying an additional 1,202 shares during the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LSCC has been the subject of a number of research reports. KeyCorp lifted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Stifel Nicolaus reduced their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC increased their price objective on Lattice Semiconductor from $75.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Susquehanna increased their price objective on Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a report on Tuesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $83.36.

Insider Activity

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at approximately $894,767.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares of the company’s stock, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Insiders sold a total of 43,741 shares of company stock worth $3,225,795 in the last quarter. 1.19% of the stock is owned by company insiders.

Lattice Semiconductor Trading Down 10.7 %

Shares of Lattice Semiconductor stock opened at $68.60 on Wednesday. The firm has a market capitalization of $9.44 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 17.35 and a beta of 1.38. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The business’s 50-day moving average price is $75.70 and its 200-day moving average price is $68.84.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 29.20% and a net margin of 31.42%. The business had revenue of $170.60 million during the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue was down 3.0% on a year-over-year basis. As a group, analysts predict 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.