Louisiana State Employees Retirement System Has $2.03 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Louisiana State Employees Retirement System reduced its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,200 shares of the semiconductor company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Lattice Semiconductor were worth $2,027,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LSCC. Rokos Capital Management LLP lifted its stake in shares of Lattice Semiconductor by 1,592.8% in the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after buying an additional 1,141,230 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Lattice Semiconductor by 78.7% during the 1st quarter. William Blair Investment Management LLC now owns 2,494,932 shares of the semiconductor company’s stock valued at $195,179,000 after purchasing an additional 1,098,962 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Lattice Semiconductor by 19.3% in the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after purchasing an additional 294,290 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Lattice Semiconductor by 34.8% in the first quarter. TD Asset Management Inc now owns 993,346 shares of the semiconductor company’s stock valued at $77,709,000 after purchasing an additional 256,405 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LSCC shares. Bank of America downgraded Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Raymond James upgraded shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Thursday, August 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.08.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $55.48 on Wednesday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The stock’s fifty day moving average price is $49.66 and its two-hundred day moving average price is $57.98. The firm has a market cap of $7.63 billion, a PE ratio of 35.56 and a beta of 1.39.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The company’s revenue was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.59 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Company 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.