California Public Employees Retirement System Decreases Holdings in Lattice Semiconductor Corp (NASDAQ:LSCC)

California Public Employees Retirement System lowered its position in shares of Lattice Semiconductor Corp (NASDAQ:LSCC) by 1.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,305 shares of the semiconductor company’s stock after selling 3,500 shares during the period. California Public Employees Retirement System owned about 0.17% of Lattice Semiconductor worth $2,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pearl River Capital LLC bought a new stake in shares of Lattice Semiconductor in the 4th quarter valued at about $27,000. Meeder Asset Management Inc. lifted its stake in shares of Lattice Semiconductor by 157.3% in the 1st quarter. Meeder Asset Management Inc. now owns 5,056 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 3,091 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $72,000. Bank of Montreal Can lifted its stake in shares of Lattice Semiconductor by 226.5% in the 1st quarter. Bank of Montreal Can now owns 6,099 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 4,231 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Lattice Semiconductor in the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 90.34% of the company’s stock.

A number of brokerages have recently issued reports on LSCC. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Lattice Semiconductor in a research note on Monday, May 20th. BidaskClub raised Lattice Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. Cowen reaffirmed an “outperform” rating and set a $18.00 price target (up from $16.00) on shares of Lattice Semiconductor in a research note on Tuesday, June 11th. Finally, Zacks Investment Research raised Lattice Semiconductor from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $12.39.

LSCC stock traded up $0.61 during trading on Monday, reaching $15.20. 1,781,100 shares of the stock were exchanged, compared to its average volume of 1,877,358. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 68.64, a P/E/G ratio of 3.03 and a beta of 1.37. Lattice Semiconductor Corp has a twelve month low of $5.38 and a twelve month high of $15.37. The business’s 50 day simple moving average is $13.41. The company has a current ratio of 4.01, a quick ratio of 3.06 and a debt-to-equity ratio of 0.89.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The company had revenue of $98.09 million during the quarter, compared to analysts’ expectations of $96.01 million. Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. As a group, sell-side analysts predict that Lattice Semiconductor Corp will post 0.39 EPS for the current year.

In other news, VP Byron Wayne Milstead sold 3,632 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $12.14, for a total value of $44,092.48. Following the completion of the transaction, the vice president now directly owns 12,385 shares of the company’s stock, valued at $150,353.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Edwin Jensen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $14.38, for a total value of $57,520.00. Following the completion of the transaction, the director now directly owns 85,697 shares of the company’s stock, valued at $1,232,322.86. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.

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Institutional Ownership by Quarter for Lattice Semiconductor (NASDAQ:LSCC)

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