Nomura Holdings Inc. Takes Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nomura Holdings Inc. acquired a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 18,307 shares of the semiconductor company’s stock, valued at approximately $1,037,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LSCC. Price T Rowe Associates Inc. MD increased its position in shares of Lattice Semiconductor by 291.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company’s stock valued at $355,942,000 after buying an additional 4,676,100 shares in the last quarter. Norges Bank purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $88,674,000. TimesSquare Capital Management LLC increased its position in shares of Lattice Semiconductor by 2,923.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock valued at $86,309,000 after buying an additional 1,473,154 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Lattice Semiconductor by 740.3% in the fourth quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company’s stock valued at $76,843,000 after buying an additional 1,195,624 shares in the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at approximately $44,147,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Stock Up 0.5%

Shares of NASDAQ:LSCC opened at $52.53 on Monday. Lattice Semiconductor Co. has a 52-week low of $34.69 and a 52-week high of $78.29. The business has a fifty day moving average of $50.44 and a two-hundred day moving average of $55.32. The stock has a market cap of $7.22 billion, a P/E ratio of 119.39, a PEG ratio of 3.03 and a beta of 1.60.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The business had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities analysts anticipate that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Insider Activity

In related news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total transaction of $197,358.10. Following the transaction, the senior vice president now owns 93,903 shares of the company’s stock, valued at approximately $6,412,635.87. This represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total value of $639,700.00. Following the transaction, the director now directly owns 122,538 shares in the company, valued at approximately $7,838,755.86. The trade was a 7.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,380 shares of company stock valued at $974,722 in the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen boosted their price objective on Lattice Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Williams Trading set a $60.00 price target on Lattice Semiconductor in a research report on Tuesday, May 6th. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, May 6th. Finally, Susquehanna boosted their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and eleven have issued 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 $63.15.

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.