State of Michigan Retirement System Grows Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

State of Michigan Retirement System raised its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,862 shares of the semiconductor company’s stock after acquiring an additional 700 shares during the period. State of Michigan Retirement System’s holdings in Lattice Semiconductor were worth $2,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Lattice Semiconductor by 3.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,208 shares of the semiconductor company’s stock valued at $791,000 after purchasing an additional 285 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Lattice Semiconductor by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock valued at $126,703,000 after purchasing an additional 107,100 shares during the last quarter. Legal & General Group Plc increased its position in shares of Lattice Semiconductor by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 538,271 shares of the semiconductor company’s stock valued at $46,254,000 after purchasing an additional 4,829 shares during the last quarter. iA Global Asset Management Inc. increased its position in shares of Lattice Semiconductor by 7.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 3,740 shares of the semiconductor company’s stock valued at $321,000 after purchasing an additional 272 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of Lattice Semiconductor during the 3rd quarter valued at about $1,540,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

Lattice Semiconductor Stock Performance

Shares of LSCC stock opened at $62.37 on Thursday. The firm has a market cap of $8.58 billion, a P/E ratio of 39.98, a P/E/G ratio of 12.62 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 business’s 50 day moving average price is $66.97 and its 200-day moving average price is $70.06.

Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts predict 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.