California State Teachers Retirement System Purchases 331 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

California State Teachers Retirement System increased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,743 shares of the semiconductor company’s stock after purchasing an additional 331 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Lattice Semiconductor worth $16,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new stake in Lattice Semiconductor in the 1st quarter valued at about $481,000. Truvestments Capital LLC acquired a new position in Lattice Semiconductor in the first quarter valued at about $222,000. Vident Advisory LLC lifted its position in Lattice Semiconductor by 6.3% during the first quarter. Vident Advisory LLC now owns 43,555 shares of the semiconductor company’s stock worth $3,407,000 after purchasing an additional 2,596 shares during the period. Pitcairn Co. grew its stake in Lattice Semiconductor by 40.2% during the first quarter. Pitcairn Co. now owns 7,904 shares of the semiconductor company’s stock worth $618,000 after buying an additional 2,266 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Lattice Semiconductor by 2.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 100,484 shares of the semiconductor company’s stock valued at $7,860,000 after buying an additional 2,045 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,210 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the transaction, the senior vice president now directly owns 14,554 shares of the company’s stock, valued at $1,062,005.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Sherri R. Luther sold 16,465 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $71.98, for a total transaction of $1,185,150.70. Following the transaction, the chief financial officer now owns 109,116 shares of the company’s stock, valued at $7,854,169.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark Jon Nelson sold 1,210 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $72.97, for a total value of $88,293.70. Following the transaction, the senior vice president now owns 14,554 shares in the company, valued at $1,062,005.38. The disclosure for this sale can be found here. Insiders have sold 49,566 shares of company stock valued at $3,664,529 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Lattice Semiconductor Stock Down 3.8 %

LSCC stock opened at $46.61 on Friday. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 11.53 and a beta of 1.39. The company’s fifty day simple moving average is $60.96 and its 200 day simple moving average is $68.51. Lattice Semiconductor Co. has a 12-month low of $46.06 and a 12-month high of $98.30.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a net margin of 30.26% and a return on equity of 23.39%. The business had revenue of $124.08 million during the quarter, compared to analyst estimates of $130.17 million. During the same period in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was down 34.7% compared to the same quarter last year. Research analysts expect that Lattice Semiconductor Co. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LSCC shares. Susquehanna cut their price target on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a report on Tuesday. Needham & Company LLC reduced their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating and set a $88.00 price objective (up from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. TD Cowen reduced their price objective on Lattice Semiconductor from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Benchmark reiterated a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.55.

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.