Midwest Financial Group LLC Lowers Stock Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Midwest Financial Group LLC cut its holdings in Lattice Semiconductor Co. (NASDAQ:LSCC) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,925 shares of the semiconductor company’s stock after selling 290 shares during the quarter. Midwest Financial Group LLC’s holdings in Lattice Semiconductor were worth $449,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. American National Bank & Trust raised its stake in Lattice Semiconductor by 5,064.3% during the third quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 709 shares during the last quarter. Hollencrest Capital Management bought a new stake in Lattice Semiconductor in the third quarter worth $53,000. Brooklyn Investment Group purchased a new stake in shares of Lattice Semiconductor in the third quarter worth $89,000. Finally, GAMMA Investing LLC increased its holdings in shares of Lattice Semiconductor by 257.8% during the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 1,534 shares in the last quarter. 98.08% of the stock is owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $58.44 on Friday. The stock’s fifty day moving average is $57.27 and its 200 day moving average is $53.31. Lattice Semiconductor Co. has a one year low of $40.65 and a one year high of $85.69. The stock has a market cap of $8.06 billion, a P/E ratio of 56.65 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million for the quarter, compared to analysts’ expectations of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s quarterly revenue was down 33.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on LSCC. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. TD Cowen dropped their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Robert W. Baird boosted their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.58.

Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the transaction, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock worth $596,502 over the last three months. 1.80% of the stock is currently owned by company insiders.

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.