Retirement Systems of Alabama Buys 48,978 Shares of Lattice Semiconductor Corporation $LSCC

Retirement Systems of Alabama increased its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 21.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 281,683 shares of the semiconductor company’s stock after acquiring an additional 48,978 shares during the period. Retirement Systems of Alabama’s holdings in Lattice Semiconductor were worth $35,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Lattice Semiconductor in the second quarter valued at $2,637,161,000. Pictet Asset Management Holding SA grew its position in shares of Lattice Semiconductor by 18.5% during the third quarter. Pictet Asset Management Holding SA now owns 2,197,117 shares of the semiconductor company’s stock worth $276,002,000 after acquiring an additional 342,248 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Lattice Semiconductor during the second quarter worth about $177,497,000. TimesSquare Capital Management LLC acquired a new stake in shares of Lattice Semiconductor in the 2nd quarter worth about $173,633,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lattice Semiconductor in the 2nd quarter worth about $139,705,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LSCC has been the subject of a number of analyst reports. William Blair started coverage on shares of Lattice Semiconductor in a research note on Tuesday, October 6th. They set an “outperform” rating for the company. Benchmark began coverage on shares of Lattice Semiconductor in a research report on Tuesday, August 25th. They issued a “buy” rating and a $160.00 target price for the company. Needham & Company LLC raised their price target on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Lattice Semiconductor from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities boosted their price objective on Lattice Semiconductor from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor has a consensus rating of “Buy” and an average price target of $166.82.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC opened at $111.25 on Wednesday. Lattice Semiconductor Corporation has a 12 month low of $60.50 and a 12 month high of $157.01. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 117.41 and a beta of 1.90. The stock’s 50 day moving average price is $113.70 and its 200 day moving average price is $116.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.46.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.17. The firm had revenue of $291.04 million during the quarter, compared to analyst estimates of $255.90 million. Lattice Semiconductor had a return on equity of 14.94% and a net margin of 5.53%. The firm’s quarterly revenue was up 118.3% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. Equities research analysts anticipate that Lattice Semiconductor Corporation will post 1.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Tracy Feanny sold 1,880 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $126.43, for a total value of $237,688.40. Following the completion of the sale, the senior vice president owned 60,221 shares in the company, valued at $7,613,741.03. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Esam Elashmawi sold 15,742 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $134.77, for a total value of $2,121,549.34. Following the transaction, the senior vice president directly owned 155,420 shares of the company’s stock, valued at $20,945,953.40. This represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 20,111 shares of company stock worth $2,638,123. 0.62% of the stock is owned by corporate insiders.

Lattice Semiconductor Company Profile

Lattice Semiconductor is a fabless semiconductor company that develops programmable logic devices, including field-programmable gate arrays (FPGAs). Its products let customers configure hardware for specific applications and are supported by design software and development tools. The company focuses on low-power programmable solutions used in areas such as communications, computing, industrial systems, automotive applications and consumer electronics. Lattice serves customers and markets globally.