Teachers Retirement System of The State of Kentucky Decreases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,777 shares of the semiconductor company’s stock after selling 2,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Lattice Semiconductor were worth $3,089,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its position in shares of Lattice Semiconductor by 13.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,100 shares of the semiconductor company’s stock worth $433,000 after buying an additional 590 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Lattice Semiconductor by 35.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,222 shares of the semiconductor company’s stock worth $1,136,000 after buying an additional 3,445 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Lattice Semiconductor by 105.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 49,847 shares of the semiconductor company’s stock worth $4,162,000 after buying an additional 25,531 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $231,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $530,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Bank of America boosted their target price 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. Susquehanna boosted their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $80.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, June 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.09.

Insider Buying and Selling

In related news, CEO James Robert Anderson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the completion of the sale, the chief executive officer now owns 759,286 shares of the company’s stock, valued at approximately $57,037,564.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Lattice Semiconductor news, CEO James Robert Anderson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.12, for a total value of $2,253,600.00. Following the completion of the transaction, the chief executive officer now owns 759,286 shares in the company, valued at approximately $57,037,564.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Glenn O’rourke sold 1,241 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $74.54, for a total value of $92,504.14. Following the completion of the transaction, the senior vice president now owns 12,084 shares of the company’s stock, valued at approximately $900,741.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,566 shares of company stock valued at $3,664,529. 1.19% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $60.03 on Thursday. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The company has a 50-day moving average of $69.55 and a 200-day moving average of $70.44. The company has a market cap of $8.26 billion, a P/E ratio of 38.48, a P/E/G ratio of 13.06 and a beta of 1.44.

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