Lattice Semiconductor Co. (NASDAQ:LSCC) Position Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,752 shares of the semiconductor company’s stock after selling 3,495 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Lattice Semiconductor worth $4,567,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bessemer Group Inc. raised its stake in shares of Lattice Semiconductor by 11.5% during the first quarter. Bessemer Group Inc. now owns 1,471 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 152 shares in the last quarter. Covestor Ltd lifted its stake in shares of Lattice Semiconductor by 16.1% in the 1st quarter. Covestor Ltd now owns 1,916 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 266 shares during the period. Swedbank AB boosted its holdings in shares of Lattice Semiconductor by 0.6% in the second quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after acquiring an additional 300 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Lattice Semiconductor by 10.2% in the first quarter. Tidal Investments LLC now owns 3,320 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 308 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Lattice Semiconductor by 82.4% during the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

LSCC has been the subject of a number of research reports. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, September 17th. KeyCorp cut their price target on shares of Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, July 30th. Finally, Susquehanna reduced their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $63.08.

Lattice Semiconductor Trading Down 2.7 %

NASDAQ:LSCC opened at $52.82 on Friday. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $87.64. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 33.86 and a beta of 1.38. The business’s fifty day moving average price is $49.28 and its 200 day moving average price is $62.76.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The company had revenue of $124.08 million during the quarter, compared to analysts’ expectations of $130.17 million. During the same period last year, the company earned $0.40 earnings per share. Lattice Semiconductor’s revenue for the quarter was down 34.7% compared to the same quarter last year. Equities analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

About Lattice Semiconductor

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.