State Board of Administration of Florida Retirement System Buys 33,460 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

State Board of Administration of Florida Retirement System increased its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 58.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,954 shares of the semiconductor company’s stock after acquiring an additional 33,460 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Lattice Semiconductor were worth $8,686,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Lattice Semiconductor by 3.4% in the third quarter. Vanguard Group Inc. now owns 13,796,609 shares of the semiconductor company’s stock valued at $678,932,000 after buying an additional 451,263 shares during the period. FMR LLC grew its position in Lattice Semiconductor by 41.9% during the 1st quarter. FMR LLC now owns 10,476,087 shares of the semiconductor company’s stock worth $1,000,466,000 after acquiring an additional 3,095,892 shares during the last quarter. State Street Corp lifted its holdings in Lattice Semiconductor by 3.1% during the 1st quarter. State Street Corp now owns 4,824,637 shares of the semiconductor company’s stock worth $294,062,000 after buying an additional 145,678 shares during the period. Franklin Resources Inc. lifted its holdings in Lattice Semiconductor by 3.7% during the 1st quarter. Franklin Resources Inc. now owns 2,692,913 shares of the semiconductor company’s stock worth $257,173,000 after buying an additional 97,035 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Lattice Semiconductor by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 2,239,693 shares of the semiconductor company’s stock valued at $213,891,000 after purchasing an additional 13,651 shares during the period. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $87.45 on Monday. Lattice Semiconductor Co. has a fifty-two week low of $44.53 and a fifty-two week high of $98.30. The company has a 50 day simple moving average of $91.36 and a two-hundred day simple moving average of $88.92. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 59.90 and a beta of 1.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.75.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, July 31st. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Lattice Semiconductor had a net margin of 28.34% and a return on equity of 43.37%. The business had revenue of $190.08 million for the quarter, compared to the consensus estimate of $188.15 million. Analysts expect that Lattice Semiconductor Co. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James assumed coverage on Lattice Semiconductor in a research report on Tuesday, May 23rd. They issued a “market perform” rating for the company. TD Cowen boosted their price objective on Lattice Semiconductor from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Rosenblatt Securities upped their target price on Lattice Semiconductor to $188.00 and gave the company a “buy” rating in a report on Monday, July 31st. Benchmark lifted their price objective on shares of Lattice Semiconductor from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.00.

Insider Buying and Selling

In other news, SVP Mark Jon Nelson sold 946 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.50, for a total transaction of $85,613.00. Following the sale, the senior vice president now directly owns 33,126 shares in the company, valued at approximately $2,997,903. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO James Robert Anderson sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $87.96, for a total transaction of $3,518,400.00. Following the completion of the transaction, the chief executive officer now owns 788,847 shares in the company, valued at approximately $69,386,982.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark Jon Nelson sold 946 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.50, for a total transaction of $85,613.00. Following the transaction, the senior vice president now owns 33,126 shares of the company’s stock, valued at approximately $2,997,903. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,184 shares of company stock worth $10,862,710. 1.80% of the stock is owned by insiders.

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