Thrivent Financial for Lutherans Has $33.13 Million Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Thrivent Financial for Lutherans reduced its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 584,891 shares of the semiconductor company’s stock after selling 196,960 shares during the period. Thrivent Financial for Lutherans owned approximately 0.42% of Lattice Semiconductor worth $33,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in 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 worth $37,000 after buying an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Lattice Semiconductor during the fourth quarter worth about $38,000. Skandinaviska Enskilda Banken AB publ increased its position in Lattice Semiconductor by 102.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 340 shares during the period. Jones Financial Companies Lllp raised its stake in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 370 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Lattice Semiconductor in the 4th quarter valued at about $57,000. 98.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on LSCC. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Stifel Nicolaus lifted their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Benchmark raised their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Susquehanna upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Trading Down 2.9 %

Shares of Lattice Semiconductor stock opened at $60.54 on Friday. The firm has a market capitalization of $8.34 billion, a PE ratio of 137.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The firm’s 50 day moving average is $59.95 and its 200 day moving average is $55.80. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, research analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, Director Robin Ann Abrams sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. The trade was a 7.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,740 shares of company stock valued at $943,026 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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.