UMB Bank n.a. Buys 266 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

UMB Bank n.a. lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 67.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 659 shares of the semiconductor company’s stock after buying an additional 266 shares during the period. UMB Bank n.a.’s holdings in Lattice Semiconductor were worth $37,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LSCC. Hennion & Walsh Asset Management Inc. increased its position in Lattice Semiconductor by 31.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company’s stock valued at $1,928,000 after acquiring an additional 8,171 shares during the period. Park Avenue Securities LLC grew its stake in shares of Lattice Semiconductor by 19.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 796 shares during the last quarter. Oak Thistle LLC acquired a new stake in Lattice Semiconductor in the fourth quarter valued at $804,000. GAMMA Investing LLC raised its position in Lattice Semiconductor by 27.9% during the 4th quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 594 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Lattice Semiconductor during the 3rd quarter worth about $789,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

Shares of NASDAQ LSCC opened at $57.26 on Friday. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 55.59 and a beta of 1.41. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The firm’s 50-day simple moving average is $57.61 and its 200 day simple moving average is $53.28.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. Lattice Semiconductor’s quarterly revenue was down 33.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, sell-side analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Raymond James lowered their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. KeyCorp boosted their price target on shares of Lattice Semiconductor from $54.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday. Susquehanna increased their price objective on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the stock a “positive” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor 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.