Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,297 shares of the semiconductor company’s stock after selling 14,768 shares during the period. New York State Teachers Retirement System owned about 0.07% of Lattice Semiconductor worth $5,270,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Norden Group LLC increased its position in Lattice Semiconductor by 43.4% during the first quarter. Norden Group LLC now owns 7,372 shares of the semiconductor company’s stock worth $577,000 after buying an additional 2,232 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Lattice Semiconductor by 5.9% during the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the semiconductor company’s stock valued at $704,000 after acquiring an additional 500 shares during the last quarter. Larson Financial Group LLC increased its position in Lattice Semiconductor by 159.6% during the 1st quarter. Larson Financial Group LLC now owns 2,300 shares of the semiconductor company’s stock worth $180,000 after purchasing an additional 1,414 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in Lattice Semiconductor in the 1st quarter valued at about $2,276,000. Finally, Texas Permanent School Fund Corp lifted its holdings in Lattice Semiconductor by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 120,801 shares of the semiconductor company’s stock valued at $9,450,000 after purchasing an additional 1,565 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LSCC shares. Bank of America downgraded shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $83.00 to $47.00 in a report on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Monday. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. KeyCorp lowered their price objective on Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.42.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Mark Jon Nelson sold 1,232 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now 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. Company insiders own 1.19% of the company’s stock.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $51.18 on Wednesday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 37.63 and a beta of 1.39. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $57.17.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. During the same period in the previous year, the company posted $0.41 earnings per share. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. Research analysts anticipate that Lattice Semiconductor Co. will post 0.59 EPS for the current year.

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.