Mutual of America Capital Management LLC Has $4.57 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Mutual of America Capital Management LLC reduced its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 4.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 78,752 shares of the semiconductor company’s stock after selling 3,495 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lattice Semiconductor were worth $4,567,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Rise Advisors LLC bought a new stake in Lattice Semiconductor during the 1st quarter valued at approximately $30,000. Principal Securities Inc. acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth approximately $31,000. GAMMA Investing LLC boosted its position in shares of Lattice Semiconductor by 82.4% in 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. West Oak Capital LLC grew its stake in shares of Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Finally, Davidson Capital Management Inc. bought a new position in Lattice Semiconductor during the first quarter worth $78,000. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Stock Performance

Shares of NASDAQ:LSCC opened at $52.82 on Friday. The company has a market capitalization of $7.27 billion, a PE ratio of 33.86 and a beta of 1.38. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $87.64. The company’s fifty day moving average is $49.28 and its 200-day moving average is $62.76.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on LSCC shares. Needham & Company LLC reissued a “buy” rating and issued a $61.00 price target on shares of Lattice Semiconductor in a report on Tuesday, September 17th. TD Cowen upgraded shares of Lattice Semiconductor to a “strong-buy” rating in a research note on Monday, September 16th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Raymond James upgraded Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. Finally, Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and an average price target of $63.08.

Insider Transactions at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the completion of the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The disclosure for this sale can be found here. Company insiders own 1.80% 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.