Retirement Systems of Alabama Sells 2,405 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Retirement Systems of Alabama lowered its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 258,360 shares of the semiconductor company’s stock after selling 2,405 shares during the period. Retirement Systems of Alabama owned about 0.19% of Lattice Semiconductor worth $13,711,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in LSCC. American National Bank & Trust boosted its position in 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 buying an additional 709 shares during the period. West Oak Capital LLC lifted its position in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $53,000. Blue Trust Inc. lifted its position in shares of Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Lattice Semiconductor by 35.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,553 shares of the semiconductor company’s stock valued at $89,000 after acquiring an additional 407 shares during the period. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of the transaction, the senior vice president now owns 13,909 shares in the company, valued at $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,172 shares of company stock worth $490,534 over the last 90 days. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on LSCC. Robert W. Baird raised their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Benchmark reissued a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Finally, Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

Lattice Semiconductor Price Performance

LSCC opened at $63.45 on Monday. The firm has a market cap of $8.75 billion, a P/E ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $85.69. The company has a 50 day simple moving average of $54.15 and a two-hundred day simple moving average of $54.06.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results 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 firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. Lattice Semiconductor’s revenue for the quarter was down 33.9% on a year-over-year basis. Equities analysts anticipate that Lattice Semiconductor Co. will post 0.54 earnings per share for the current year.

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.