New York State Teachers Retirement System Sells 5,295 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

New York State Teachers Retirement System lessened its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,365 shares of the semiconductor company’s stock after selling 5,295 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Lattice Semiconductor worth $7,890,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its position in Lattice Semiconductor by 33.2% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock worth $3,668,000 after purchasing an additional 10,650 shares during the last quarter. Amalgamated Bank raised its stake in shares of Lattice Semiconductor by 8.7% in the third quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock valued at $9,278,000 after acquiring an additional 8,603 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at $530,000. Townsquare Capital LLC purchased a new stake in shares of Lattice Semiconductor in the third quarter valued at $1,540,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Lattice Semiconductor by 770.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 48,019 shares of the semiconductor company’s stock valued at $3,313,000 after acquiring an additional 42,503 shares during the period. Institutional investors own 98.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LSCC shares. KeyCorp increased their target price 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. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Benchmark increased their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Susquehanna reduced their target price on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target 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 given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $77.65 on Friday. Lattice Semiconductor Co. has a 1 year low of $51.96 and a 1 year high of $98.30. The firm’s 50-day moving average is $75.14 and its two-hundred day moving average is $69.92. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 17.09 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share 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 business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same period last year, the business earned $0.38 EPS. The company’s revenue was down 3.0% compared to the same quarter last year. On average, equities analysts expect that Lattice Semiconductor Co. will post 0.8 earnings per share for the current year.

Insider Activity

In other news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following 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 can be accessed through this link. In related news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor 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 sale, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction that occurred on Monday, February 26th. The stock was 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 owns 11,908 shares of the company’s stock, valued at $894,767.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock worth $3,225,795. Corporate 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.