Public Employees Retirement Association of Colorado Reduces Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Public Employees Retirement Association of Colorado lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 258,221 shares of the semiconductor company’s stock after selling 2,559 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.19% of Lattice Semiconductor worth $20,201,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LSCC. Robeco Schweiz AG boosted its stake in Lattice Semiconductor by 9.5% during the fourth quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after buying an additional 132,000 shares during the period. US Bancorp DE lifted its position in shares of Lattice Semiconductor by 458.5% during the fourth quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock worth $1,508,000 after purchasing an additional 17,950 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Lattice Semiconductor by 286.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after purchasing an additional 142,543 shares in the last quarter. Norden Group LLC raised its holdings in Lattice Semiconductor by 1,196.1% in the first quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after acquiring an additional 61,478 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Lattice Semiconductor by 28.9% in the first quarter. BNP Paribas Financial Markets now owns 587,444 shares of the semiconductor company’s stock valued at $45,956,000 after acquiring an additional 131,881 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Lattice Semiconductor from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Susquehanna increased their price target on shares of Lattice Semiconductor from $78.00 to $85.00 and gave the company a “positive” rating in a research note on Tuesday, April 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Bank of America increased their price target on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $80.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, June 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.09.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock traded up $0.50 during midday trading on Monday, reaching $55.57. The company’s stock had a trading volume of 840,704 shares, compared to its average volume of 2,149,234. The firm has a market capitalization of $7.64 billion, a PE ratio of 35.30, a P/E/G ratio of 11.98 and a beta of 1.39. Lattice Semiconductor Co. has a fifty-two week low of $51.96 and a fifty-two week high of $98.30. The stock’s 50 day simple moving average is $62.78 and its 200 day simple moving average is $68.94.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. Equities analysts predict that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $69.20, for a total value of $44,980.00. Following the transaction, the director now directly owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 16,465 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $71.98, for a total value of $1,185,150.70. Following the sale, the chief financial officer now directly owns 109,116 shares in the company, valued at $7,854,169.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock worth $3,664,529. 1.80% of the stock is currently owned by company 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.