Lattice Semiconductor Co. (NASDAQ:LSCC) Stake Raised by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 258,760 shares of the semiconductor company’s stock after acquiring an additional 400 shares during the period. Retirement Systems of Alabama’s holdings in Lattice Semiconductor were worth $14,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor during the 3rd quarter worth about $49,297,000. Westfield Capital Management Co. LP acquired a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $38,194,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Lattice Semiconductor by 319.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after purchasing an additional 380,790 shares in the last quarter. Barclays PLC lifted its position in Lattice Semiconductor by 57.5% in the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after purchasing an additional 372,301 shares during the period. Finally, Verition Fund Management LLC boosted its stake in Lattice Semiconductor by 1,983.6% during the 3rd quarter. Verition Fund Management LLC now owns 171,937 shares of the semiconductor company’s stock valued at $9,125,000 after purchasing an additional 163,685 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on LSCC shares. KeyCorp boosted their price objective on Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. TD Cowen cut their price target on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC increased their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Trading Down 1.6 %

Shares of Lattice Semiconductor stock opened at $53.29 on Friday. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market cap of $7.35 billion, a P/E ratio of 51.74 and a beta of 1.41. The stock has a 50-day moving average price of $57.98 and a 200 day moving average price of $53.07.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the completion of the sale, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This represents a 9.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the transaction, the senior vice president now owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 over the last three months. 1.19% of the stock is owned by corporate insiders.

Lattice Semiconductor 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.