State of New Jersey Common Pension Fund D Acquires 5,851 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

State of New Jersey Common Pension Fund D grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,943 shares of the semiconductor company’s stock after purchasing an additional 5,851 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Lattice Semiconductor worth $5,584,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LSCC. FMR LLC grew its holdings in Lattice Semiconductor by 5.9% in the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company’s stock worth $1,245,356,000 after purchasing an additional 807,562 shares during the period. Invesco Ltd. increased its holdings in Lattice Semiconductor by 7.5% in the 3rd quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company’s stock valued at $413,708,000 after acquiring an additional 335,564 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lattice Semiconductor by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,474,497 shares of the semiconductor company’s stock worth $126,703,000 after buying an additional 107,100 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lattice Semiconductor by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,456,888 shares of the semiconductor company’s stock worth $125,190,000 after buying an additional 7,844 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth about $122,597,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $0.03 on Friday, reaching $73.88. 3,042,750 shares of the stock traded hands, compared to its average volume of 2,138,928. The stock’s 50-day moving average price is $75.69 and its 200-day moving average price is $69.12. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 16.15 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The firm had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. During the same quarter last year, the business earned $0.38 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. KeyCorp upped their price objective on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 13th. Susquehanna lowered their price objective on shares of Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a research note on Tuesday, February 13th. Stifel Nicolaus reduced their target price on shares of Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Tuesday, February 13th. Finally, Benchmark raised their price objective on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares of the company’s stock, valued at approximately $2,021,951.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 23,006 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at approximately $9,281,394.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,741 shares of company stock worth $3,225,795. Company insiders own 1.80% of the company’s stock.

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.