20,246 Shares in Lattice Semiconductor Co. (NASDAQ:LSCC) Bought by South Dakota Investment Council

South Dakota Investment Council purchased a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,246 shares of the semiconductor company's stock, valued at approximately $1,397,000.

Several other institutional investors also recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new stake in Lattice Semiconductor in the third quarter valued at approximately $122,597,000. FMR LLC boosted its stake in shares of Lattice Semiconductor by 5.9% in the third quarter. FMR LLC now owns 14,492,684 shares of the semiconductor company's stock worth $1,245,356,000 after acquiring an additional 807,562 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Lattice Semiconductor by 7.5% in the third quarter. Invesco Ltd. now owns 4,814,478 shares of the semiconductor company's stock worth $413,708,000 after acquiring an additional 335,564 shares during the last quarter. Strs Ohio boosted its stake in shares of Lattice Semiconductor by 2,121.0% in the third quarter. Strs Ohio now owns 230,120 shares of the semiconductor company's stock worth $19,774,000 after acquiring an additional 219,759 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Lattice Semiconductor by 286.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company's stock worth $13,571,000 after acquiring an additional 142,543 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Lattice Semiconductor Price Performance

Shares of LSCC stock traded up $2.33 on Thursday, hitting $73.91. The stock had a trading volume of 2,247,527 shares, compared to its average volume of 2,127,629. The firm has a market capitalization of $10.17 billion, a P/E ratio of 38.69, a P/E/G ratio of 15.34 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 company's 50 day moving average price is $75.70 and its 200-day moving average price is $69.09.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $170.60 million for the quarter, compared to the consensus estimate of $176.15 million. Lattice Semiconductor had a return on equity of 36.07% and a net margin of 35.14%. The company's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. On average, equities analysts forecast that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insider Buying and Selling

In related news, SVP Tracy Ann Feanny sold 6,318 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $75.14, for a total transaction of $474,734.52. Following the completion of the transaction, the senior vice president now directly owns 11,908 shares of the company's stock, valued at approximately $894,767.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mark Jon Nelson sold 14,417 shares of the company's stock in a transaction dated 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 directly owns 28,283 shares of the company's stock, valued at approximately $2,021,951.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 6,318 shares of the company's stock in a transaction dated 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 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 valued at $3,225,795 in the last three months. 1.80% of the stock is owned by corporate insiders.

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.