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

Retirement Systems of Alabama boosted its position in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 21.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,683 shares of the semiconductor company’s stock after buying an additional 48,978 shares during the quarter. Retirement Systems of Alabama owned 0.21% of Lattice Semiconductor worth $35,385,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signature Equity Partners LLC increased its position in shares of Lattice Semiconductor by 160.5% during the third quarter. Signature Equity Partners LLC now owns 211 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 130 shares during the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Lattice Semiconductor in the third quarter worth about $37,000. Danske Bank A S purchased a new position in Lattice Semiconductor in the second quarter valued at about $46,000. Meeder Asset Management Inc. purchased a new position in Lattice Semiconductor in the second quarter valued at about $46,000. Finally, Burkett Financial Services LLC purchased a new position in Lattice Semiconductor in the third quarter valued at about $38,000. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Down 2.3%

NASDAQ:LSCC opened at $111.25 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 1.92 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $113.70 and its two-hundred day moving average is $116.09. Lattice Semiconductor Corporation has a 52 week low of $60.50 and a 52 week high of $157.01. The company has a market cap of $15.82 billion, a PE ratio of 117.41 and a beta of 1.90.

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

Insider Activity

In other news, Director Elizabeth M. Schwarting sold 450 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $113.03, for a total value of $50,863.50. Following the transaction, the director directly owned 6,186 shares in the company, valued at approximately $699,203.58. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ford Tamer purchased 9,790 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was acquired at an average cost of $102.52 per share, with a total value of $1,003,670.80. Following the completion of the acquisition, the chief executive officer directly owned 19,790 shares in the company, valued at approximately $2,028,870.80. This trade represents a 97.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 20,111 shares of company stock valued at $2,638,123 over the last quarter. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LSCC. Rosenblatt Securities raised their price objective on Lattice Semiconductor from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Jefferies Financial Group upped their target price on Lattice Semiconductor from $145.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Stifel Nicolaus increased their target price on Lattice Semiconductor from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Needham & Company LLC raised their price target on shares of Lattice Semiconductor from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, William Blair assumed coverage on shares of Lattice Semiconductor in a research report on Tuesday, October 6th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Buy” and an average target price of $166.82.

Lattice Semiconductor 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.