Louisiana State Employees Retirement System Invests $2.68 Million in Lattice Semiconductor Co. (NASDAQ:LSCC)

Louisiana State Employees Retirement System purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,800 shares of the semiconductor company's stock, valued at approximately $2,677,000.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Lattice Semiconductor by 100.7% during the 3rd quarter. UMB Bank n.a. now owns 307 shares of the semiconductor company's stock worth $26,000 after buying an additional 154 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor during the third quarter valued at approximately $26,000. RVW Wealth LLC bought a new stake in Lattice Semiconductor during the third quarter worth approximately $27,000. Rockefeller Capital Management L.P. lifted its position in Lattice Semiconductor by 404.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 344 shares during the period. Finally, Larson Financial Group LLC bought a new position in Lattice Semiconductor during the 3rd quarter valued at $29,000. Institutional investors own 98.08% of the company's stock.

Lattice Semiconductor Stock Up 0.9 %

Lattice Semiconductor stock traded up $0.69 during mid-day trading on Tuesday, reaching $75.07. The company had a trading volume of 1,135,584 shares, compared to its average volume of 2,127,788. The company has a 50 day moving average of $75.63 and a 200-day moving average of $69.60. Lattice Semiconductor Co. has a 52 week low of $51.96 and a 52 week high of $98.30. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 16.87 and a beta of 1.38.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $176.15 million. During the same period in the previous year, the business posted $0.38 earnings per share. Lattice Semiconductor's quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that Lattice Semiconductor Co. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 6,318 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $75.14, for a total value of $474,734.52. Following the completion of the sale, the senior vice president now owns 11,908 shares of the company's stock, valued at $894,767.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Mark Jon Nelson sold 14,417 shares of Lattice Semiconductor stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the transaction, the senior vice president now owns 28,283 shares in the company, valued at approximately $2,021,951.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $75.14, for a total value of $474,734.52. Following the sale, the senior vice president now directly owns 11,908 shares of the company's stock, valued at $894,767.12. The disclosure for this sale can be found here. Insiders sold 43,741 shares of company stock worth $3,225,795 in the last 90 days. 1.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on LSCC. Susquehanna decreased their price target on shares of Lattice Semiconductor from $80.00 to $78.00 and set a "positive" rating on the stock in a research report on Tuesday, February 13th. KeyCorp boosted their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Stifel Nicolaus decreased their price target on Lattice Semiconductor from $70.00 to $67.00 and set a "hold" rating for the company in a research report on Tuesday, February 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, February 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.