UMB Bank n.a. Buys 755 Shares of Lattice Semiconductor Co. (NASDAQ:LSCC)

UMB Bank n.a. grew its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 114.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,414 shares of the semiconductor company’s stock after buying an additional 755 shares during the period. UMB Bank n.a.’s holdings in Lattice Semiconductor were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSCC. Hennion & Walsh Asset Management Inc. raised its holdings in Lattice Semiconductor by 29.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 43,900 shares of the semiconductor company’s stock worth $2,303,000 after buying an additional 9,860 shares during the period. GAMMA Investing LLC raised its holdings in shares of Lattice Semiconductor by 7,924.5% during the first quarter. GAMMA Investing LLC now owns 218,507 shares of the semiconductor company’s stock worth $11,461,000 after acquiring an additional 215,784 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Lattice Semiconductor by 209.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 410 shares during the period. Wellington Management Group LLP lifted its position in Lattice Semiconductor by 42.7% in the 4th quarter. Wellington Management Group LLP now owns 532,111 shares of the semiconductor company’s stock valued at $30,144,000 after acquiring an additional 159,242 shares in the last quarter. Finally, Siemens Fonds Invest GmbH bought a new stake in Lattice Semiconductor in the 4th quarter valued at $1,209,000. Institutional investors own 98.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LSCC. TD Cowen boosted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. KeyCorp reduced their price target on Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, May 6th. Finally, Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.15.

Lattice Semiconductor Trading Down 3.4%

NASDAQ LSCC opened at $47.85 on Friday. The firm has a market capitalization of $6.58 billion, a P/E ratio of 108.75, a price-to-earnings-growth ratio of 3.03 and a beta of 1.53. The firm’s fifty day moving average price is $47.31 and its two-hundred day moving average price is $54.73. Lattice Semiconductor Co. has a 1 year low of $34.69 and a 1 year high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same period in the previous year, the business earned $0.29 EPS. Lattice Semiconductor’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $56.56, for a total value of $101,242.40. Following the sale, the senior vice president now owns 87,106 shares in the company, valued at $4,926,715.36. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elizabeth M. Schwarting sold 700 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the completion of the sale, the director now owns 8,084 shares in the company, valued at $420,610.52. This represents a 7.97% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

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.