Lattice Semiconductor Corporation $LSCC Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) by 21.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,852 shares of the semiconductor company’s stock after purchasing an additional 36,638 shares during the period. Thrivent Financial for Lutherans owned 0.15% of Lattice Semiconductor worth $15,460,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of Lattice Semiconductor by 77.4% in the second quarter. Bank of America Corp DE now owns 3,186,024 shares of the semiconductor company’s stock valued at $156,083,000 after purchasing an additional 1,390,109 shares during the period. Norges Bank bought a new position in Lattice Semiconductor in the 2nd quarter worth approximately $48,702,000. Brown Advisory Inc. grew its holdings in Lattice Semiconductor by 126.2% in the 2nd quarter. Brown Advisory Inc. now owns 1,366,703 shares of the semiconductor company’s stock worth $66,955,000 after buying an additional 762,536 shares in the last quarter. Rafferty Asset Management LLC increased its position in Lattice Semiconductor by 63.3% in the 2nd quarter. Rafferty Asset Management LLC now owns 1,785,278 shares of the semiconductor company’s stock valued at $87,461,000 after acquiring an additional 692,041 shares during the period. Finally, Squarepoint Ops LLC raised its stake in Lattice Semiconductor by 2,680.9% during the 2nd quarter. Squarepoint Ops LLC now owns 545,580 shares of the semiconductor company’s stock valued at $26,728,000 after acquiring an additional 525,961 shares in the last quarter. Institutional investors own 98.08% of the company’s stock.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 839 shares of Lattice Semiconductor stock in a transaction on Friday, December 12th. The stock was sold at an average price of $78.09, for a total value of $65,517.51. Following the transaction, the senior vice president directly owned 104,208 shares in the company, valued at $8,137,602.72. The trade was a 0.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Tonya Stevens sold 2,593 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $66.75, for a total value of $173,082.75. Following the sale, the chief accounting officer directly owned 74,505 shares in the company, valued at $4,973,208.75. This trade represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 19,105 shares of company stock valued at $1,369,590. 1.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark increased their price target on Lattice Semiconductor from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. KeyCorp increased their target price on shares of Lattice Semiconductor from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Susquehanna boosted their price target on shares of Lattice Semiconductor from $85.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $80.00 price target on shares of Lattice Semiconductor and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $81.62.

Lattice Semiconductor Price Performance

NASDAQ LSCC opened at $81.44 on Wednesday. Lattice Semiconductor Corporation has a 12 month low of $34.69 and a 12 month high of $89.92. The company has a market capitalization of $11.14 billion, a P/E ratio of 407.22, a PEG ratio of 3.59 and a beta of 1.70. The company’s 50 day simple moving average is $78.75 and its 200 day simple moving average is $70.24.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $133.35 million for the quarter, compared to analyst estimates of $133.03 million. Lattice Semiconductor had a net margin of 5.50% and a return on equity of 4.73%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts anticipate that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current year.

About Lattice Semiconductor

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company’s product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice’s solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.