California Public Employees Retirement System Sells 9,000 Shares of Lattice Semiconductor Corp. (LSCC)
California Public Employees Retirement System reduced its stake in Lattice Semiconductor Corp. (NASDAQ:LSCC) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 287,500 shares of the company’s stock after selling 9,000 shares during the period. California Public Employees Retirement System owned about 0.24% of Lattice Semiconductor Corp. worth $1,538,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in LSCC. Royal Bank of Canada raised its stake in Lattice Semiconductor Corp. by 2.5% in the first quarter. Royal Bank of Canada now owns 23,102 shares of the company’s stock valued at $131,000 after buying an additional 554 shares in the last quarter. Menta Capital LLC bought a new stake in Lattice Semiconductor Corp. during the first quarter valued at approximately $170,000. Pacad Investment Ltd. bought a new stake in Lattice Semiconductor Corp. during the first quarter valued at approximately $222,000. FNY Managed Accounts LLC raised its stake in Lattice Semiconductor Corp. by 9.3% in the second quarter. FNY Managed Accounts LLC now owns 47,901 shares of the company’s stock valued at $256,000 after buying an additional 4,093 shares in the last quarter. Finally, Swiss National Bank raised its stake in Lattice Semiconductor Corp. by 2.5% in the second quarter. Swiss National Bank now owns 201,800 shares of the company’s stock valued at $1,080,000 after buying an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.
Lattice Semiconductor Corp. (NASDAQ:LSCC) traded down 3.5291% on Tuesday, reaching $6.2899. The company had a trading volume of 685,867 shares. The company’s market capitalization is $757.01 million. The company’s 50-day moving average is $6.31 and its 200-day moving average is $5.85. Lattice Semiconductor Corp. has a 52-week low of $4.02 and a 52-week high of $7.07.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.12. Lattice Semiconductor Corp. had a negative net margin of 25.54% and a negative return on equity of 9.12%. The firm earned $99.20 million during the quarter, compared to analyst estimates of $100.07 million. During the same period last year, the firm earned ($0.07) EPS. Lattice Semiconductor Corp.’s quarterly revenue was down 6.9% on a year-over-year basis. Equities analysts anticipate that Lattice Semiconductor Corp. will post $0.19 EPS for the current fiscal year.
Several research firms have commented on LSCC. Robert W. Baird restated an “outperform” rating and issued a $8.00 price objective on shares of Lattice Semiconductor Corp. in a research 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. Susquehanna assumed coverage on Lattice Semiconductor Corp. in a research note on Tuesday, September 20th. They set a “positive” rating for the company. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Lattice Semiconductor Corp. in a research note on Thursday, September 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Lattice Semiconductor Corp. presently has an average rating of “Hold” and a consensus target price of $7.00.
Lattice Semiconductor Corp. Company Profile
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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