20,168 Shares in Lattice Semiconductor Corporation (NASDAQ:LSCC) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,168 shares of the semiconductor company's stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its position in Lattice Semiconductor by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock worth $1,220,487,000 after buying an additional 478,440 shares in the last quarter. Vanguard Group Inc. lifted its position in Lattice Semiconductor by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock worth $846,600,000 after buying an additional 229,820 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Lattice Semiconductor by 291.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock worth $355,942,000 after buying an additional 4,676,100 shares in the last quarter. Geode Capital Management LLC lifted its position in Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock worth $173,132,000 after buying an additional 74,655 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in Lattice Semiconductor by 10.6% during the fourth quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock worth $127,944,000 after buying an additional 216,617 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Trading Down 1.6%

LSCC traded down $0.82 on Wednesday, reaching $51.26. The company had a trading volume of 549,819 shares, compared to its average volume of 2,627,678. The company has a market capitalization of $7.05 billion, a P/E ratio of 138.43, a PEG ratio of 3.58 and a beta of 1.52. The company has a fifty day moving average of $50.09 and a 200-day moving average of $53.38. Lattice Semiconductor Corporation has a one year low of $34.69 and a one year high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $120.15 million during the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. The business's revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. Research analysts predict that Lattice Semiconductor Corporation will post 0.65 EPS for the current year.

Analyst Ratings Changes

LSCC has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $64.00 price objective (down previously from $66.00) on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Loop Capital decreased their target price on Lattice Semiconductor from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. KeyCorp reduced their price target on shares of Lattice Semiconductor from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Finally, Williams Trading set a $60.00 target price on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.15.

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction 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 sale, the director directly owned 8,084 shares of the company's stock, valued at $420,610.52. The trade was a 7.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy Ann Feanny sold 1,790 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president directly owned 87,106 shares of the company's stock, valued at approximately $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

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.