Lattice Semiconductor Corporation $LSCC Stock Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 61.7% in the third quarter, Holdings Channel.com reports. The fund owned 30,962 shares of the semiconductor company’s stock after buying an additional 11,811 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lattice Semiconductor were worth $3,889,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Lattice Semiconductor during the 2nd quarter worth $2,637,161,000. Pictet Asset Management Holding SA grew its holdings in shares of Lattice Semiconductor by 18.5% in the 3rd 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 acquired a new stake in shares of Lattice Semiconductor during the second quarter worth $177,497,000. TimesSquare Capital Management LLC acquired a new stake in shares of Lattice Semiconductor during the second quarter worth $173,633,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lattice Semiconductor during the second quarter worth $139,705,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Down 5.5%

Shares of NASDAQ:LSCC traded down $6.50 during mid-day trading on Friday, hitting $112.35. The stock had a trading volume of 2,139,007 shares, compared to its average volume of 2,965,060. The company’s 50 day moving average is $113.99 and its 200-day moving average is $116.59. Lattice Semiconductor Corporation has a 12-month low of $60.50 and a 12-month high of $157.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 1.92. The company has a market cap of $15.98 billion, a PE ratio of 351.10 and a beta of 1.90.

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

Insider Buying and Selling

In other news, SVP Pravin Desale sold 2,039 shares of Lattice Semiconductor stock in a transaction on Monday, September 14th. The stock was sold at an average price of $111.83, for a total transaction of $228,021.37. Following the transaction, the senior vice president owned 73,456 shares in the company, valued at approximately $8,214,584.48. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, SVP Tracy Feanny sold 1,880 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the transaction, the senior vice president directly owned 60,221 shares in the company, valued at $7,613,741.03. The trade was a 3.03% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 20,111 shares of company stock valued at $2,638,123. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LSCC has been the subject of several analyst reports. TD Cowen reduced their target price on Lattice Semiconductor from $165.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 19th. Jefferies Financial Group lifted their price target on Lattice Semiconductor from $145.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. KeyCorp lifted their price target on Lattice Semiconductor from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their price objective on Lattice Semiconductor from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Finally, Robert W. Baird set a $195.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor has an average rating of “Buy” and a consensus price target of $166.82.

About Lattice Semiconductor

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.