Mutual of America Capital Management LLC Sells 4,291 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

Mutual of America Capital Management LLC lowered its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,461 shares of the semiconductor company’s stock after selling 4,291 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Lattice Semiconductor worth $3,952,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Lattice Semiconductor by 186.5% during the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares in the last quarter. Swedbank AB bought a new stake in shares of Lattice Semiconductor during the 1st quarter valued at $4,186,000. Stephens Investment Management Group LLC boosted its holdings in shares of Lattice Semiconductor by 22.2% during the 3rd quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock valued at $41,409,000 after buying an additional 142,005 shares in the last quarter. Marshall Financial Group LLC bought a new stake in shares of Lattice Semiconductor during the 2nd quarter valued at $721,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after buying an additional 13,236 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

LSCC has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Raymond James dropped their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, September 17th. Finally, Susquehanna dropped their price target on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.42.

Insider Activity

In related news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Up 2.7 %

NASDAQ LSCC opened at $52.10 on Friday. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a market capitalization of $7.19 billion, a P/E ratio of 49.27 and a beta of 1.39. The company has a 50-day moving average price of $51.84 and a 200-day moving average price of $55.80.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

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.