Nomura Asset Management Co. Ltd. Has $3.85 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nomura Asset Management Co. Ltd. trimmed its position in Lattice Semiconductor Co. (NASDAQ:LSCC) by 36.9% in the third quarter, Holdings Channel.com reports. 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.’s holdings in Lattice Semiconductor were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LSCC. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Lattice Semiconductor during the second quarter worth approximately $262,000. Swedbank AB boosted its holdings in Lattice Semiconductor by 0.6% in the 2nd quarter. Swedbank AB now owns 53,807 shares of the semiconductor company’s stock valued at $3,120,000 after purchasing an additional 300 shares during the period. Blue Trust Inc. grew its position in Lattice Semiconductor by 186.5% in the 2nd quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 748 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Lattice Semiconductor by 14.6% during the 2nd quarter. Raymond James & Associates now owns 53,133 shares of the semiconductor company’s stock worth $3,081,000 after purchasing an additional 6,764 shares during the period. Finally, Marshall Financial Group LLC acquired a new position in shares of Lattice Semiconductor during the second quarter valued at about $721,000. 98.08% of the stock is owned by institutional investors.

Lattice Semiconductor Trading Up 1.6 %

NASDAQ:LSCC opened at $63.45 on Friday. The stock has a market capitalization of $8.75 billion, a P/E ratio of 61.60 and a beta of 1.42. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69. The firm has a 50 day moving average of $53.94 and a 200-day moving average of $54.31.

Lattice Semiconductor (NASDAQ:LSCC) last issued 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. The firm had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, analysts forecast that Lattice Semiconductor Co. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $57.92, for a total value of $107,152.00. Following the completion of the sale, the senior vice president now directly owns 14,279 shares in the company, valued at $827,039.68. This trade represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at approximately $22,827.10. This represents a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock valued at $490,534 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LSCC shares. Stifel Nicolaus upped their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James cut their target price on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp dropped their price objective 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. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Lattice Semiconductor in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

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.