Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 23.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 781,851 shares of the semiconductor company's stock after acquiring an additional 146,199 shares during the quarter. Thrivent Financial for Lutherans owned about 0.57% of Lattice Semiconductor worth $41,493,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. RiverPark Advisors LLC increased its stake in Lattice Semiconductor by 85.0% in the third quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 1,966 shares during the period. Empowered Funds LLC raised its holdings in shares of Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company's stock valued at $247,000 after acquiring an additional 619 shares in the last quarter. Pier 88 Investment Partners LLC increased its position in Lattice Semiconductor by 10.3% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 18,955 shares of the semiconductor company's stock valued at $1,006,000 after purchasing an additional 1,767 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Lattice Semiconductor by 10.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company's stock valued at $618,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in shares of Lattice Semiconductor by 5.6% in the 3rd quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company's stock worth $435,000 after purchasing an additional 434 shares during the period. 98.08% of the stock is currently owned by institutional investors.

Lattice Semiconductor Stock Down 2.3 %

Shares of Lattice Semiconductor stock traded down $1.13 during trading hours on Tuesday, reaching $49.02. 752,617 shares of the company's stock were exchanged, compared to its average volume of 2,402,125. The business has a fifty day moving average of $51.60 and a two-hundred day moving average of $56.00. The company has a market capitalization of $6.76 billion, a P/E ratio of 48.17 and a beta of 1.39. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share 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 company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm's revenue for the quarter was down 33.9% compared to the same quarter last year. As a group, research analysts predict that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on LSCC. Susquehanna lowered their target price on Lattice Semiconductor from $65.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, November 5th. Stifel Nicolaus upgraded shares of Lattice Semiconductor from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Tuesday, September 17th. 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 research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, Benchmark restated a "buy" rating and set a $60.00 target price on shares of Lattice Semiconductor in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.42.

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.