Arizona State Retirement System increased its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,747 shares of the semiconductor company’s stock after buying an additional 1,351 shares during the period. Arizona State Retirement System’s holdings in Lattice Semiconductor were worth $2,514,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Lattice Semiconductor by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,573 shares of the semiconductor company’s stock worth $462,000 after purchasing an additional 1,737 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Lattice Semiconductor during the 1st quarter valued at $122,000. Great West Life Assurance Co. Can lifted its holdings in Lattice Semiconductor by 8.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 74,396 shares of the semiconductor company’s stock valued at $4,660,000 after purchasing an additional 5,572 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Lattice Semiconductor by 5.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 35,300 shares of the semiconductor company’s stock valued at $2,151,000 after purchasing an additional 1,886 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Lattice Semiconductor during the first quarter worth $6,647,000. Institutional investors and hedge funds own 97.09% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on LSCC. Benchmark raised their price target on Lattice Semiconductor from $65.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Susquehanna raised their price target on Lattice Semiconductor from $75.00 to $95.00 and gave the stock a “positive” rating in a research report on Tuesday, February 14th. Robert W. Baird raised their price target on Lattice Semiconductor from $75.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Rosenblatt Securities lifted their target price on Lattice Semiconductor from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Finally, KeyCorp lifted their target price on Lattice Semiconductor from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, April 11th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.
Lattice Semiconductor Price Performance
Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last issued its earnings results on Monday, May 1st. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. Lattice Semiconductor had a return on equity of 44.49% and a net margin of 28.63%. The company had revenue of $184.30 million for the quarter, compared to analyst estimates of $178.31 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Lattice Semiconductor’s revenue for the quarter was up 22.5% on a year-over-year basis. Sell-side analysts forecast that Lattice Semiconductor Co. will post 1.7 EPS for the current fiscal year.
Insider Transactions at Lattice Semiconductor
In related news, SVP Glenn O’rourke sold 13,334 shares of the company’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $82.76, for a total transaction of $1,103,521.84. Following the completion of the sale, the senior vice president now owns 23,642 shares in the company, valued at $1,956,611.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $82.95, for a total value of $3,318,000.00. Following the completion of the transaction, the chief executive officer now owns 889,242 shares in the company, valued at approximately $73,762,623.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Glenn O’rourke sold 13,334 shares of the company’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $82.76, for a total value of $1,103,521.84. Following the completion of the transaction, the senior vice president now owns 23,642 shares of the company’s stock, valued at approximately $1,956,611.92. The disclosure for this sale can be found here. Insiders have sold 120,195 shares of company stock valued at $10,355,892 over the last ninety days. 1.25% of the stock is owned by company insiders.
Lattice Semiconductor Profile
Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.
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