State Board of Administration of Florida Retirement System held its stake in Lattice Semiconductor Corp. (NASDAQ:LSCC) during the second quarter, according to its most recent filing with the SEC. The fund owned 119,001 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Lattice Semiconductor Corp. worth $637,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Pacad Investment Ltd. purchased a new stake in Lattice Semiconductor Corp. during the first quarter valued at $222,000. Blue Rock Advisors LLC purchased a new stake in Lattice Semiconductor Corp. during the first quarter valued at $129,000. Menta Capital LLC purchased a new stake in Lattice Semiconductor Corp. during the first quarter valued at $170,000. NWQ Investment Management Company LLC increased its stake in Lattice Semiconductor Corp. by 5.5% in the first quarter. NWQ Investment Management Company LLC now owns 13,955,482 shares of the company’s stock valued at $79,267,000 after buying an additional 721,805 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in Lattice Semiconductor Corp. by 17.2% in the first quarter. Kennedy Capital Management Inc. now owns 2,229,879 shares of the company’s stock valued at $12,666,000 after buying an additional 326,903 shares during the last quarter. 78.01% of the stock is owned by institutional investors and hedge funds.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded down 1.39% during trading on Monday, reaching $6.40. The company’s stock had a trading volume of 929,923 shares. The firm has a 50 day moving average of $6.22 and a 200 day moving average of $5.84. The stock’s market capitalization is $770.26 million. Lattice Semiconductor Corp. has a 52 week low of $3.68 and a 52 week high of $7.07.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.12. The firm earned $99.20 million during the quarter, compared to analyst estimates of $100.07 million. Lattice Semiconductor Corp. had a negative return on equity of 9.12% and a negative net margin of 25.54%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) earnings per share. Analysts expect that Lattice Semiconductor Corp. will post $0.19 EPS for the current year.
Several analysts have recently weighed in on LSCC shares. Jefferies Group boosted their target price on Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the company a “buy” rating in a report on Wednesday, August 10th. Robert W. Baird reissued an “outperform” rating and issued a $8.00 target price on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Zacks Investment Research downgraded Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 16th. Finally, Susquehanna assumed coverage on Lattice Semiconductor Corp. in a research note on Tuesday, September 20th. They set a “positive” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Lattice Semiconductor Corp. has a consensus rating of “Hold” and an average price target of $7.00.
About Lattice Semiconductor Corp.
Lattice Semiconductor Corporation is engaged in providing connectivity solutions. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure.
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