Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,577 shares of the semiconductor company’s stock after selling 1,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Lattice Semiconductor were worth $2,313,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LSCC. American National Bank & Trust increased its position in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 709 shares during the last quarter. West Oak Capital LLC raised its position in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the period. Hollencrest Capital Management purchased a new position in shares of Lattice Semiconductor during the 3rd quarter worth $53,000. Blue Trust Inc. grew its position in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Lattice Semiconductor by 35.5% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock worth $89,000 after purchasing an additional 407 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. This represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,172 shares of company stock worth $490,534. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LSCC. Needham & Company LLC lifted their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus raised their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to data from MarketBeat, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Lattice Semiconductor Price Performance

Shares of LSCC stock opened at $63.45 on Monday. The company has a market cap of $8.75 billion, a PE ratio of 61.60 and a beta of 1.42. The stock’s 50 day simple moving average is $54.15 and its two-hundred day simple moving average is $54.06. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s revenue for the quarter was down 33.9% on a year-over-year basis. Equities research analysts expect that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

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.