State of New Jersey Common Pension Fund D Grows Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

State of New Jersey Common Pension Fund D boosted its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,943 shares of the semiconductor company’s stock after purchasing an additional 5,851 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Lattice Semiconductor were worth $5,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSCC. UMB Bank n.a. increased its stake in shares of Lattice Semiconductor by 100.7% during the third quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 154 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Lattice Semiconductor during the third quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of Lattice Semiconductor during the fourth quarter worth about $28,000. Larson Financial Group LLC purchased a new position in Lattice Semiconductor during the third quarter valued at approximately $29,000. Finally, Heritage Wealth Advisors purchased a new position in Lattice Semiconductor during the third quarter valued at approximately $33,000. 98.08% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total value of $1,030,671.33. Following the completion of the sale, the senior vice president now owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Sherri R. Luther sold 23,006 shares of Lattice Semiconductor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the completion of the sale, the chief financial officer now owns 124,116 shares of the company’s stock, valued at $9,281,394.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark Jon Nelson sold 14,417 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total value of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at $2,021,951.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,741 shares of company stock worth $3,225,795. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

LSCC traded down $0.03 on Friday, reaching $73.88. The company’s stock had a trading volume of 3,042,750 shares, compared to its average volume of 2,138,928. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 16.15 and a beta of 1.38. Lattice Semiconductor Co. has a 1 year low of $51.96 and a 1 year high of $98.30. The business’s 50 day moving average is $75.69 and its 200 day moving average is $69.12.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The business had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. During the same quarter last year, the business posted $0.38 EPS. The business’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on LSCC shares. KeyCorp boosted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Stifel Nicolaus decreased their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Tuesday, February 13th. Finally, Benchmark upped their price target on Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

About Lattice Semiconductor

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.