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

Public Employees Retirement Association of Colorado reduced its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 257,571 shares of the semiconductor company’s stock after selling 650 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.19% of Lattice Semiconductor worth $14,937,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in shares of Lattice Semiconductor by 186.5% in the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after buying an additional 748 shares during the last quarter. Robeco Schweiz AG lifted its position in Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after acquiring an additional 132,000 shares during the period. US Bancorp DE lifted its position in Lattice Semiconductor by 458.5% during the 4th quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock worth $1,508,000 after acquiring an additional 17,950 shares during the period. Norden Group LLC grew its stake in Lattice Semiconductor by 1,196.1% during the 1st quarter. Norden Group LLC now owns 66,618 shares of the semiconductor company’s stock valued at $5,212,000 after purchasing an additional 61,478 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Lattice Semiconductor in the first quarter valued at about $4,186,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lattice Semiconductor

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

Lattice Semiconductor Price Performance

Lattice Semiconductor stock opened at $52.82 on Friday. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $87.64. The stock has a market capitalization of $7.27 billion, a PE ratio of 33.86 and a beta of 1.38. The business has a 50 day simple moving average of $49.28 and a 200-day simple moving average of $62.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LSCC shares. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, July 30th. TD Cowen raised shares of Lattice Semiconductor to a “strong-buy” rating in a report on Monday, September 16th. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. KeyCorp reduced their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Finally, Raymond James raised Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average target price of $63.08.

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.