New York State Common Retirement Fund Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

New York State Common Retirement Fund grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 759,810 shares of the semiconductor company’s stock after purchasing an additional 7,421 shares during the period. New York State Common Retirement Fund’s holdings in Lattice Semiconductor were worth $43,043,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stephens Investment Management Group LLC grew its position in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after purchasing an additional 142,005 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Lattice Semiconductor by 9.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock valued at $24,657,000 after purchasing an additional 38,826 shares in the last quarter. Pier Capital LLC grew its position in shares of Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Lattice Semiconductor in the third quarter worth $1,314,000. Finally, Harbor Capital Advisors Inc. grew its position in Lattice Semiconductor by 323.3% in the third quarter. Harbor Capital Advisors Inc. now owns 61,234 shares of the semiconductor company’s stock worth $3,250,000 after acquiring an additional 46,768 shares in the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Pravin Desale sold 1,096 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the transaction, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,051 shares of company stock valued at $499,498. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the subject of several research reports. Raymond James cut their target price on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Benchmark upped their target price on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Finally, KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Down 1.1 %

NASDAQ LSCC opened at $68.00 on Friday. The company has a 50-day simple moving average of $58.59 and a two-hundred day simple moving average of $53.71. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $85.69. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 154.55, a PEG ratio of 4.03 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Equities analysts expect that Lattice Semiconductor Co. will post 0.65 earnings per share for the current fiscal year.

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.