New York State Common Retirement Fund Has $38.09 Million Stock Position in Lattice Semiconductor Corporation (NASDAQ:LSCC)

New York State Common Retirement Fund reduced its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 726,121 shares of the semiconductor company's stock after selling 33,689 shares during the quarter. New York State Common Retirement Fund owned about 0.53% of Lattice Semiconductor worth $38,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in shares of Lattice Semiconductor by 2.2% in the first quarter. Xponance Inc. now owns 27,400 shares of the semiconductor company's stock valued at $1,437,000 after purchasing an additional 584 shares in the last quarter. Robeco Schweiz AG grew its position in Lattice Semiconductor by 1.5% during the first quarter. Robeco Schweiz AG now owns 978,066 shares of the semiconductor company's stock worth $51,300,000 after buying an additional 14,866 shares in the last quarter. State of Michigan Retirement System grew its position in Lattice Semiconductor by 1.2% during the first quarter. State of Michigan Retirement System now owns 33,062 shares of the semiconductor company's stock worth $1,734,000 after buying an additional 400 shares in the last quarter. Allworth Financial LP grew its position in Lattice Semiconductor by 65.7% during the first quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after buying an additional 222 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its holdings in Lattice Semiconductor by 153.2% during the first quarter. Bridges Investment Management Inc. now owns 20,479 shares of the semiconductor company's stock valued at $1,074,000 after purchasing an additional 12,392 shares in the last quarter. 98.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the transaction, the senior vice president owned 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Elizabeth M. Schwarting sold 700 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the transaction, the director owned 8,084 shares in the company, valued at approximately $420,610.52. The trade was a 7.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LSCC shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. TD Cowen lifted their target price on shares of Lattice Semiconductor from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Loop Capital cut their target price on shares of Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.15.

Lattice Semiconductor Price Performance

Lattice Semiconductor stock traded up $0.81 during trading hours on Friday, hitting $52.71. The company had a trading volume of 455,372 shares, compared to its average volume of 2,622,837. The firm has a market cap of $7.25 billion, a PE ratio of 142.60, a PEG ratio of 3.50 and a beta of 1.52. Lattice Semiconductor Corporation has a one year low of $34.69 and a one year high of $70.55. The firm has a 50-day moving average of $50.21 and a 200 day moving average of $53.33.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its earnings results on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The firm had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business's revenue was down 14.7% compared to the same quarter last year. As a group, research analysts expect that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

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.