California Public Employees Retirement System cut its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC – Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,329 shares of the semiconductor company’s stock after selling 5,367 shares during the quarter. California Public Employees Retirement System’s holdings in Lattice Semiconductor were worth $21,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. iSAM Funds UK Ltd purchased a new position in Lattice Semiconductor in the 3rd quarter worth approximately $25,000. V Square Quantitative Management LLC purchased a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $27,000. Smartleaf Asset Management LLC boosted its stake in shares of Lattice Semiconductor by 462.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 394 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 324 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Lattice Semiconductor in the third quarter worth approximately $31,000. Finally, Advisory Services Network LLC bought a new position in shares of Lattice Semiconductor in the third quarter worth approximately $34,000. 98.08% of the stock is currently owned by institutional investors.
Lattice Semiconductor Trading Up 1.0%
NASDAQ:LSCC opened at $137.17 on Thursday. The company has a 50-day moving average price of $139.93 and a 200-day moving average price of $112.24. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 979.86, a P/E/G ratio of 3.35 and a beta of 1.78. Lattice Semiconductor Corporation has a 12 month low of $46.43 and a 12 month high of $157.01.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Zacks Research lowered shares of Lattice Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Needham & Company LLC boosted their price objective on shares of Lattice Semiconductor from $110.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upped their price objective on shares of Lattice Semiconductor from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada upped their price objective on shares of Lattice Semiconductor from $118.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.29.
View Our Latest Report on LSCC
Insider Transactions at Lattice Semiconductor
In other news, SVP Tracy Ann Feanny sold 2,740 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $151.84, for a total value of $416,041.60. Following the completion of the transaction, the senior vice president owned 63,084 shares of the company’s stock, valued at approximately $9,578,674.56. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 6,101 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $153.94, for a total value of $939,187.94. Following the completion of the transaction, the director owned 41,201 shares of the company’s stock, valued at approximately $6,342,481.94. The trade was a 12.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,080 shares of company stock valued at $2,045,078. Insiders own 0.62% of the company’s stock.
About Lattice Semiconductor
Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.
The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.
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