Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCCGet Rating) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 294,447 shares of the semiconductor company’s stock after selling 8,330 shares during the quarter. California Public Employees Retirement System’s holdings in Lattice Semiconductor were worth $22,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. AlphaCrest Capital Management LLC grew its position in Lattice Semiconductor by 212.4% during the fourth quarter. AlphaCrest Capital Management LLC now owns 20,338 shares of the semiconductor company’s stock worth $1,567,000 after buying an additional 13,828 shares during the period. Yorktown Management & Research Co Inc grew its position in Lattice Semiconductor by 8.3% during the fourth quarter. Yorktown Management & Research Co Inc now owns 19,600 shares of the semiconductor company’s stock worth $1,510,000 after buying an additional 1,500 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Lattice Semiconductor by 50.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,833 shares of the semiconductor company’s stock worth $604,000 after buying an additional 2,637 shares during the period. Natixis Advisors L.P. grew its position in Lattice Semiconductor by 20.7% during the fourth quarter. Natixis Advisors L.P. now owns 24,312 shares of the semiconductor company’s stock worth $1,873,000 after buying an additional 4,163 shares during the period. Finally, Bank of America Corp DE grew its position in Lattice Semiconductor by 23.9% during the fourth quarter. Bank of America Corp DE now owns 606,299 shares of the semiconductor company’s stock worth $46,722,000 after buying an additional 117,148 shares during the period. Institutional investors own 95.25% of the company’s stock.

In other Lattice Semiconductor news, CEO James Robert Anderson sold 2,142 shares of Lattice Semiconductor stock in a transaction on Monday, February 14th. The shares were sold at an average price of $55.56, for a total value of $119,009.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sherri R. Luther sold 19,000 shares of Lattice Semiconductor stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $45.57, for a total transaction of $865,830.00. Following the completion of the transaction, the chief financial officer now owns 138,951 shares in the company, valued at approximately $6,331,997.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 378,273 shares of company stock worth $20,817,555. 1.80% of the stock is owned by company insiders.

Shares of NASDAQ LSCC opened at $49.38 on Friday. Lattice Semiconductor Co. has a 1 year low of $43.59 and a 1 year high of $85.45. The firm’s 50 day moving average price is $53.62 and its 200 day moving average price is $63.69. The firm has a market cap of $6.80 billion, a P/E ratio of 61.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.02.

Lattice Semiconductor (NASDAQ:LSCCGet Rating) last announced its earnings results on Tuesday, May 3rd. The semiconductor company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Lattice Semiconductor had a net margin of 20.58% and a return on equity of 29.28%. The firm had revenue of $150.50 million for the quarter, compared to analyst estimates of $146.25 million. During the same quarter last year, the business earned $0.14 earnings per share. Lattice Semiconductor’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts predict that Lattice Semiconductor Co. will post 1.18 EPS for the current year.

Several analysts have issued reports on LSCC shares. Cowen reduced their price target on shares of Lattice Semiconductor from $85.00 to $75.00 in a report on Wednesday, May 4th. StockNews.com upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $68.00 price target on shares of Lattice Semiconductor in a research report on Friday, February 11th. Susquehanna lowered their price target on shares of Lattice Semiconductor from $68.00 to $58.00 in a research report on Wednesday, May 4th. Finally, Susquehanna Bancshares increased their price target on shares of Lattice Semiconductor from $67.00 to $68.00 in a research report on Wednesday, February 16th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Buy” and a consensus price target of $69.50.

About Lattice Semiconductor (Get Rating)

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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products.

Further Reading

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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