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

Midwest Financial Group LLC decreased its stake in Lattice Semiconductor Co. (NASDAQ:LSCC) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the 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 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LSCC. UMB Bank n.a. increased its position in 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 acquiring an additional 266 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Lattice Semiconductor by 31.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,040 shares of the semiconductor company’s stock worth $1,928,000 after purchasing an additional 8,171 shares during the period. Park Avenue Securities LLC grew its holdings in Lattice Semiconductor by 19.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,924 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 796 shares during the last quarter. Oak Thistle LLC purchased a new stake in Lattice Semiconductor in the 4th quarter worth about $804,000. Finally, GAMMA Investing LLC lifted its stake in Lattice Semiconductor by 27.9% in the fourth quarter. GAMMA Investing LLC now owns 2,723 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 98.08% of the company’s stock.

Lattice Semiconductor Stock Down 1.8 %

Shares of Lattice Semiconductor stock opened at $58.44 on Friday. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $85.69. The firm’s 50 day moving average price is $57.27 and its 200-day moving average price is $53.31. The company 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 issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was down 33.9% on a year-over-year basis. As a group, equities research analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $18,253.65. This trade represents a 92.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now directly owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. This represents a 11.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,022 shares of company stock worth $596,502. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

LSCC has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Susquehanna lifted their price objective on shares of Lattice Semiconductor from $55.00 to $70.00 and gave the company a “positive” rating in a report on Wednesday. TD Cowen dropped their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp boosted their price target on Lattice Semiconductor from $54.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $64.58.

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.