Louisiana State Employees Retirement System Makes New $2.68 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Louisiana State Employees Retirement System purchased a new position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 38,800 shares of the semiconductor company’s stock, valued at approximately $2,677,000.

A number of other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in shares of Lattice Semiconductor in the 3rd quarter valued at approximately $122,597,000. Norges Bank acquired a new stake in shares of Lattice Semiconductor in the 4th quarter valued at approximately $87,617,000. 1832 Asset Management L.P. boosted its holdings in shares of Lattice Semiconductor by 707.8% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,300 shares of the semiconductor company’s stock valued at $98,203,000 after buying an additional 901,000 shares during the last quarter. FMR LLC boosted its holdings in shares of Lattice Semiconductor by 5.9% in the 3rd quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after buying an additional 807,562 shares during the last quarter. Finally, Robeco Schweiz AG boosted its holdings in shares of Lattice Semiconductor by 96.0% in the 1st quarter. Robeco Schweiz AG now owns 1,531,000 shares of the semiconductor company’s stock valued at $93,314,000 after buying an additional 750,000 shares during the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Trading Down 0.5 %

Shares of LSCC stock opened at $74.38 on Tuesday. The business’s 50-day moving average price is $75.40 and its 200-day moving average price is $69.68. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 16.87 and a beta of 1.38.

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

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 14,417 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares in the company, valued at $2,021,951.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $74.78, for a total value of $1,720,388.68. Following the completion of the transaction, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 over the last ninety days. Insiders own 1.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LSCC. KeyCorp increased their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Benchmark increased their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Susquehanna dropped their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research note on Tuesday, February 13th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus dropped their price target on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Four 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 currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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.