Mutual of America Capital Management LLC Trims Holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC)

Mutual of America Capital Management LLC decreased its holdings in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,011 shares of the semiconductor company’s stock after selling 1,871 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Lattice Semiconductor worth $3,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSCC. Price T Rowe Associates Inc. MD increased its stake in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Janus Henderson Group PLC increased its stake in Lattice Semiconductor by 740.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock valued at $76,843,000 after buying an additional 1,195,624 shares during the period. Hood River Capital Management LLC acquired a new position in Lattice Semiconductor in the 4th quarter valued at $44,147,000. Brown Advisory Inc. increased its stake in Lattice Semiconductor by 110.6% in the 4th quarter. Brown Advisory Inc. now owns 970,411 shares of the semiconductor company’s stock valued at $54,974,000 after buying an additional 509,704 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Lattice Semiconductor in the 4th quarter valued at $28,325,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Insider Activity

In related news, Director Elizabeth M. Schwarting sold 700 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $52.03, for a total value of $36,421.00. Following the sale, the director directly owned 8,084 shares in the company, valued at $420,610.52. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,790 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $56.56, for a total transaction of $101,242.40. Following the completion of the sale, the senior vice president owned 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 disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday. KeyCorp dropped their price objective on shares of Lattice Semiconductor from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Loop Capital lowered their price target on shares of Lattice Semiconductor from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen lowered their price target on shares of Lattice Semiconductor from $62.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.58.

Lattice Semiconductor Stock Up 1.3%

Lattice Semiconductor stock opened at $61.51 on Friday. Lattice Semiconductor Corporation has a 52 week low of $34.69 and a 52 week high of $70.55. The firm’s 50-day simple moving average is $51.54 and its 200 day simple moving average is $53.02. The firm has a market capitalization of $8.42 billion, a PE ratio of 267.45, a P/E/G ratio of 4.29 and a beta of 1.52.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a net margin of 6.47% and a return on equity of 6.61%. The business had revenue of $123.97 million for the quarter, compared to analyst estimates of $123.60 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts expect that Lattice Semiconductor Corporation will post 0.65 EPS for the current fiscal year.

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.