11,811 Lattice Semiconductor Corporation $LSCC Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 61.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,962 shares of the semiconductor company’s stock after acquiring an additional 11,811 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lattice Semiconductor were worth $3,889,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LSCC. State of Wyoming acquired a new position in Lattice Semiconductor during the 2nd quarter worth $3,155,000. Headlands Technologies LLC acquired a new position in shares of Lattice Semiconductor during the second quarter valued at $1,346,000. Compass Wealth Management LLC acquired a new position in shares of Lattice Semiconductor during the second quarter valued at $1,884,000. BlackRock Inc. bought a new stake in shares of Lattice Semiconductor during the second quarter valued at about $2,637,161,000. Finally, Wasatch Advisors LP bought a new stake in shares of Lattice Semiconductor during the second quarter valued at about $8,443,000. Institutional investors own 98.08% of the company’s stock.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Feanny sold 1,880 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the sale, the senior vice president directly owned 60,221 shares in the company, valued at approximately $7,613,741.03. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ford Tamer purchased 9,790 shares of the business’s stock in a transaction on 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 $2,028,870.80. The trade was a 97.90% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 20,111 shares of company stock valued at $2,638,123 in the last quarter. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LSCC shares. Stifel Nicolaus upped their price objective on shares of Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. TD Cowen lowered their target price on shares of Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Lattice Semiconductor in a research report on Thursday, October 15th. Robert W. Baird set a $195.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, November 3rd. Finally, Zacks Research raised shares of Lattice Semiconductor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $166.82.

Lattice Semiconductor Price Performance

Shares of LSCC traded down $6.50 during midday trading on Friday, reaching $112.35. The stock had a trading volume of 2,139,007 shares, compared to its average volume of 2,965,060. Lattice Semiconductor Corporation has a 52 week low of $60.50 and a 52 week high of $157.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.92 and a quick ratio of 1.46. The firm’s 50 day moving average price is $113.99 and its 200-day moving average price is $116.59. The company has a market capitalization of $15.98 billion, a P/E ratio of 351.10 and a beta of 1.90.

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

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.