California Public Employees Retirement System Has $17.21 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

California Public Employees Retirement System lowered its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 249,501 shares of the semiconductor company’s stock after selling 20,119 shares during the period. California Public Employees Retirement System owned about 0.18% of Lattice Semiconductor worth $17,213,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of LSCC. FMR LLC raised its position 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% during the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock worth $413,708,000 after acquiring an additional 335,564 shares during the last quarter. Ameriprise Financial Inc. increased its position in Lattice Semiconductor by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock valued at $126,703,000 after acquiring an additional 107,100 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Lattice Semiconductor by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 1,456,888 shares of the semiconductor company’s stock valued at $125,190,000 after acquiring an additional 7,844 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Lattice Semiconductor during the third quarter worth $122,597,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LSCC has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $75.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Benchmark lifted their target price on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Stifel Nicolaus dropped their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Susquehanna cut their target price on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a report on Tuesday, February 13th. Finally, KeyCorp lifted their price target on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Lattice Semiconductor Stock Up 4.0 %

Shares of NASDAQ LSCC opened at $76.86 on Tuesday. Lattice Semiconductor Co. has a 52-week low of $51.96 and a 52-week high of $98.30. The company has a market cap of $10.57 billion, a PE ratio of 41.55, a PEG ratio of 16.67 and a beta of 1.38. The firm’s 50-day moving average price is $75.77 and its 200-day moving average price is $68.89.

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

Insider Transactions at Lattice Semiconductor

In related news, 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 transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor 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 transaction, the chief financial officer now owns 124,116 shares in the company, valued at approximately $9,281,394.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares of the company’s stock, valued at $894,767.12. The disclosure for this sale can be found here. Insiders have sold 43,741 shares of company stock worth $3,225,795 in the last quarter. Company 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.