Thrivent Financial for Lutherans Has $41.49 Million Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Thrivent Financial for Lutherans grew its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 23.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 781,851 shares of the semiconductor company’s stock after purchasing an additional 146,199 shares during the quarter. Thrivent Financial for Lutherans owned about 0.57% of Lattice Semiconductor worth $41,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust grew its holdings in Lattice Semiconductor by 5,064.3% in the 3rd 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 in the last quarter. West Oak Capital LLC boosted its stake in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 550 shares in the last quarter. Hollencrest Capital Management bought a new position in Lattice Semiconductor in the third quarter valued at about $53,000. Blue Trust Inc. raised its stake in Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 748 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Lattice Semiconductor by 105.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 748 shares in the last quarter. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ LSCC opened at $50.15 on Tuesday. The business’s fifty day moving average is $51.45 and its 200 day moving average is $56.14. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The company has a market capitalization of $6.92 billion, a PE ratio of 48.69 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent research reports. Raymond James cut their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a research note on Monday, November 4th. KeyCorp cut their price objective on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Two equities research 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 $58.42.

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.