Treasurer of the State of North Carolina Buys 380 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Treasurer of the State of North Carolina grew its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,881 shares of the semiconductor company’s stock after acquiring an additional 380 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Lattice Semiconductor were worth $3,392,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LSCC. UMB Bank n.a. increased its stake in Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Lattice Semiconductor during the 4th quarter worth $38,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 370 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Lattice Semiconductor in the fourth quarter worth about $57,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Pravin Desale sold 2,890 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at $6,412,635.87. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LSCC has been the topic of several recent analyst reports. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Susquehanna upped their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday, February 10th. Finally, Benchmark lifted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.69.

Lattice Semiconductor Stock Down 4.7 %

NASDAQ:LSCC opened at $41.59 on Thursday. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 94.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.64. Lattice Semiconductor Co. has a twelve month low of $34.69 and a twelve month high of $78.85. The stock’s 50 day moving average price is $56.66 and its two-hundred day moving average price is $55.84.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Lattice Semiconductor Company 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.