Lattice Semiconductor Co. (NASDAQ:LSCC) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its position in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 36.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,474 shares of the semiconductor company’s stock after selling 42,378 shares during the period. Nomura Asset Management Co. Ltd. owned 0.05% of Lattice Semiconductor worth $3,846,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LSCC. Point72 Asset Management L.P. bought a new stake in shares of Lattice Semiconductor in the 3rd quarter worth $49,297,000. Westfield Capital Management Co. LP acquired a new position in Lattice Semiconductor during the third quarter worth about $38,194,000. William Blair Investment Management LLC raised its position in Lattice Semiconductor by 26.8% in the second quarter. William Blair Investment Management LLC now owns 3,163,064 shares of the semiconductor company’s stock worth $183,426,000 after acquiring an additional 668,132 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lattice Semiconductor by 63.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after acquiring an additional 426,511 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Lattice Semiconductor by 319.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 500,000 shares of the semiconductor company’s stock valued at $26,535,000 after purchasing an additional 380,790 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,172 shares of company stock worth $490,534 in the last three months. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. KeyCorp cut their target price on shares of Lattice Semiconductor from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Susquehanna cut their price objective on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Lattice Semiconductor in a report on Monday, September 16th. Raymond James reduced their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen dropped their price target on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Lattice Semiconductor currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $63.45 on Friday. The business’s 50-day moving average is $53.94 and its 200-day moving average is $54.31. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a fifty-two week low of $40.65 and a fifty-two week high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share 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 firm had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. During the same quarter in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. Equities research analysts expect that Lattice Semiconductor Co. will post 0.54 earnings per share for the current fiscal year.

Lattice Semiconductor Company 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.