Strs Ohio Sells 10,120 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Strs Ohio lowered its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,000 shares of the semiconductor company’s stock after selling 10,120 shares during the period. Strs Ohio’s holdings in Lattice Semiconductor were worth $15,177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Lattice Semiconductor by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 294,857 shares of the semiconductor company’s stock valued at $20,342,000 after purchasing an additional 1,490 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $2,677,000. Allspring Global Investments Holdings LLC raised its position in shares of Lattice Semiconductor by 3.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,737 shares of the semiconductor company’s stock valued at $2,052,000 after purchasing an additional 1,086 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $608,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Lattice Semiconductor by 85.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,303 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 2,450 shares during the period. Institutional investors own 98.08% of the company’s stock.

Insider Activity at Lattice Semiconductor

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the sale, the senior vice president now directly owns 11,908 shares in the company, valued at approximately $894,767.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,720,388.68. Following the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock worth $3,225,795 in the last three months. 1.19% of the stock is owned by insiders.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $75.07 on Wednesday. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 40.58, a price-to-earnings-growth ratio of 16.79 and a beta of 1.38. The company has a fifty day moving average of $75.63 and a 200-day moving average of $69.60.

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

Analyst Upgrades and Downgrades

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

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