California Public Employees Retirement System Lowers Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

California Public Employees Retirement System lessened its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 249,501 shares of the semiconductor company’s stock after selling 20,119 shares during the quarter. California Public Employees Retirement System’s holdings in Lattice Semiconductor were worth $17,213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LSCC. UMB Bank n.a. lifted its holdings in Lattice Semiconductor by 100.7% in the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Headlands Technologies LLC purchased a new position in Lattice Semiconductor in the third quarter valued at $26,000. Larson Financial Group LLC acquired a new position in shares of Lattice Semiconductor in the third quarter worth about $29,000. Heritage Wealth Advisors acquired a new stake in shares of Lattice Semiconductor during the 3rd quarter valued at about $33,000. Finally, Blue Trust Inc. increased its stake in shares of Lattice Semiconductor by 129.4% in the 4th quarter. Blue Trust Inc. now owns 601 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 339 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of Lattice Semiconductor stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $75.14, for a total transaction of $474,734.52. Following the transaction, the senior vice president now directly owns 11,908 shares of the company’s stock, valued at $894,767.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the company’s stock in a transaction 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 approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,741 shares of company stock valued at $3,225,795. 1.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LSCC has been the topic of a number of recent analyst reports. Susquehanna lowered their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating on the stock in a research report on Tuesday, February 13th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Stifel Nicolaus reduced their price objective on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Finally, KeyCorp upped their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $76.86 on Tuesday. The stock’s 50 day simple moving average is $75.77 and its 200-day simple moving average is $68.89. The stock has a market cap of $10.57 billion, a P/E ratio of 41.55, a P/E/G ratio of 16.67 and a beta of 1.38. Lattice Semiconductor Co. has a 1-year low of $51.96 and a 1-year high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 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 the consensus estimate of $176.15 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor Co. will post 0.8 EPS for the current fiscal year.

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.