Nomura Asset Management Co. Ltd. Lowers Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nomura Asset Management Co. Ltd. decreased its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,777 shares of the semiconductor company’s stock after selling 43,697 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Lattice Semiconductor were worth $1,630,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Pier Capital LLC increased its position in Lattice Semiconductor by 114.7% during the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after purchasing an additional 86,276 shares in the last quarter. Stifel Financial Corp boosted its position in Lattice Semiconductor by 99.0% during the 3rd quarter. Stifel Financial Corp now owns 59,778 shares of the semiconductor company’s stock worth $3,172,000 after purchasing an additional 29,734 shares during the period. US Bancorp DE increased its holdings in Lattice Semiconductor by 2.9% in the 4th quarter. US Bancorp DE now owns 28,111 shares of the semiconductor company’s stock valued at $1,592,000 after purchasing an additional 800 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Lattice Semiconductor by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 939,393 shares of the semiconductor company’s stock valued at $53,217,000 after purchasing an additional 29,516 shares during the period. Finally, Compass Wealth Management LLC acquired a new position in shares of Lattice Semiconductor during the fourth quarter worth about $1,324,000. 98.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LSCC has been the topic of several recent research reports. Stifel Nicolaus boosted their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday, February 10th. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Finally, Robert W. Baird upped their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total value of $639,700.00. Following the completion of the sale, the director now owns 122,538 shares in the company, valued at $7,838,755.86. The trade was a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,740 shares of company stock valued at $943,026. Company insiders own 1.80% of the company’s stock.

Lattice Semiconductor Stock Down 3.2 %

Shares of NASDAQ LSCC opened at $51.22 on Thursday. The stock has a market capitalization of $7.05 billion, a P/E ratio of 116.41, a PEG ratio of 3.03 and a beta of 1.43. The stock’s 50 day moving average price is $59.98 and its two-hundred day moving average price is $56.76. Lattice Semiconductor Co. has a 52-week low of $40.65 and a 52-week high of $78.85.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. On average, analysts anticipate that Lattice Semiconductor Co. will post 0.65 EPS for the current year.

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.