South Dakota Investment Council Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

South Dakota Investment Council purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,246 shares of the semiconductor company’s stock, valued at approximately $1,397,000.

A number of other hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Lattice Semiconductor by 33.2% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,682 shares of the semiconductor company’s stock valued at $3,668,000 after purchasing an additional 10,650 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Lattice Semiconductor by 286.0% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock valued at $13,571,000 after purchasing an additional 142,543 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Lattice Semiconductor by 8.7% in the 3rd quarter. Amalgamated Bank now owns 107,968 shares of the semiconductor company’s stock valued at $9,278,000 after purchasing an additional 8,603 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Lattice Semiconductor during the 3rd quarter worth approximately $530,000. Finally, Townsquare Capital LLC purchased a new position in Lattice Semiconductor in the 3rd quarter worth approximately $1,540,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $71.58 on Thursday. Lattice Semiconductor Co. has a 12 month low of $51.96 and a 12 month high of $98.30. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 15.34 and a beta of 1.38. The company’s fifty day moving average price is $75.70 and its two-hundred day moving average price is $69.09.

Lattice Semiconductor (NASDAQ:LSCC) last issued its earnings results on Monday, February 12th. The semiconductor company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $176.15 million. Lattice Semiconductor had a net margin of 35.14% and a return on equity of 36.07%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. As a group, analysts anticipate that Lattice Semiconductor Co. will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 14,417 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.49, for a total transaction of $1,030,671.33. Following the sale, the senior vice president now directly owns 28,283 shares of the company’s stock, valued at $2,021,951.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sherri R. Luther sold 23,006 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $74.78, for a total transaction of $1,720,388.68. Following the sale, the chief financial officer now directly owns 124,116 shares in the company, valued at $9,281,394.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,741 shares of company stock valued at $3,225,795. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LSCC. Benchmark boosted their target price on shares of Lattice Semiconductor from $70.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, February 13th. Susquehanna reduced their price target on Lattice Semiconductor from $80.00 to $78.00 and set a “positive” rating for the company in a report on Tuesday, February 13th. KeyCorp lifted their price objective on Lattice Semiconductor from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, Stifel Nicolaus reduced their target price on Lattice Semiconductor from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Lattice Semiconductor Company 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.