Thrivent Financial for Lutherans Grows Stake in Lattice Semiconductor Co. (NASDAQ:LSCC)

Thrivent Financial for Lutherans boosted its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 23.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 781,851 shares of the semiconductor company’s stock after purchasing an additional 146,199 shares during the period. Thrivent Financial for Lutherans’ holdings in Lattice Semiconductor were worth $41,493,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rokos Capital Management LLP increased its holdings in shares of Lattice Semiconductor by 1,592.8% in the 1st quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock valued at $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Lattice Semiconductor by 26.8% during the 2nd quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after buying an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lattice Semiconductor by 63.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after buying an additional 426,511 shares during the period. Clearbridge Investments LLC raised its position in Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock worth $105,669,000 after acquiring an additional 294,290 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Lattice Semiconductor by 131.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock worth $35,265,000 after buying an additional 253,788 shares in the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LSCC. Robert W. Baird cut their price objective on shares of Lattice Semiconductor from $70.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Raymond James cut their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. KeyCorp decreased their price target on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen decreased their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.42.

Lattice Semiconductor Stock Performance

Shares of Lattice Semiconductor stock opened at $50.15 on Tuesday. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 48.69 and a beta of 1.39. The firm has a fifty day moving average of $51.45 and a two-hundred day moving average of $56.14.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s revenue was down 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. As a group, research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

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.