Mutual of America Capital Management LLC Decreases Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Mutual of America Capital Management LLC lowered its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,882 shares of the semiconductor company’s stock after selling 1,579 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lattice Semiconductor were worth $4,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LSCC. TimesSquare Capital Management LLC lifted its stake in Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after acquiring an additional 1,473,154 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Lattice Semiconductor in the third quarter worth approximately $49,297,000. Westfield Capital Management Co. LP purchased a new position in Lattice Semiconductor in the third quarter worth approximately $38,194,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Lattice Semiconductor by 319.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock worth $26,535,000 after acquiring an additional 380,790 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Lattice Semiconductor by 57.5% during the 3rd quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after buying an additional 372,301 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LSCC. Rosenblatt Securities restated a “buy” rating and set a $85.00 price objective on shares of Lattice Semiconductor in a research report on Monday, February 10th. KeyCorp boosted their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor presently has an average rating of “Moderate Buy” and an average target price of $66.25.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,686 shares of company stock valued at $1,118,722. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $62.62 on Thursday. The firm’s fifty day simple moving average is $59.06 and its 200-day simple moving average is $54.83. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 142.32, a PEG ratio of 3.03 and a beta of 1.41. Lattice Semiconductor Co. has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. Analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Lattice Semiconductor Company 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.