New York State Common Retirement Fund Grows Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

New York State Common Retirement Fund lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 746,363 shares of the semiconductor company’s stock after purchasing an additional 59,004 shares during the quarter. New York State Common Retirement Fund’s holdings in Lattice Semiconductor were worth $51,492,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LSCC. William Blair Investment Management LLC purchased a new position in Lattice Semiconductor in the third quarter worth $122,597,000. FMR LLC grew its holdings in Lattice Semiconductor by 5.9% in the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock valued at $1,245,356,000 after purchasing an additional 807,562 shares during the last quarter. Invesco Ltd. grew its holdings in Lattice Semiconductor by 7.5% in the third quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock valued at $413,708,000 after purchasing an additional 335,564 shares during the last quarter. Strs Ohio grew its holdings in Lattice Semiconductor by 2,121.0% in the third quarter. Strs Ohio now owns 230,120 shares of the semiconductor company’s stock valued at $19,774,000 after purchasing an additional 219,759 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after purchasing an additional 142,543 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LSCC shares. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Stifel Nicolaus decreased their price objective 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. Susquehanna decreased their price objective 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. KeyCorp increased their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Lattice Semiconductor Trading Up 2.9 %

Shares of NASDAQ:LSCC opened at $67.97 on Wednesday. The stock’s 50-day moving average price is $75.79 and its two-hundred day moving average price is $69.07. Lattice Semiconductor Co. has a 12-month low of $51.96 and a 12-month high of $98.30. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 14.91 and a beta of 1.38.

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

Insiders Place Their Bets

In other news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was 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 owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock valued at $3,225,795. Insiders own 1.19% of the company’s stock.

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.