Nicholas Investment Partners LP Cuts Position in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nicholas Investment Partners LP trimmed its holdings in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 26.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,692 shares of the semiconductor company’s stock after selling 54,525 shares during the quarter. Nicholas Investment Partners LP owned 0.11% of Lattice Semiconductor worth $8,913,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LSCC. American National Bank purchased a new stake in shares of Lattice Semiconductor during the 4th quarter valued at $28,000. Rise Advisors LLC bought a new position in Lattice Semiconductor during the first quarter valued at about $30,000. Principal Securities Inc. purchased a new stake in Lattice Semiconductor during the fourth quarter worth about $31,000. West Oak Capital LLC raised its position in Lattice Semiconductor by 220.0% in the second quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 333 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors.

Insider Activity at Lattice Semiconductor

In related news, SVP Mark Jon Nelson sold 1,232 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the sale, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LSCC shares. StockNews.com lowered shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Susquehanna decreased their target price on Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a research report on Tuesday, July 30th. Bank of America cut Lattice Semiconductor from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Needham & Company LLC decreased their price objective on Lattice Semiconductor from $80.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Stifel Nicolaus lowered their price objective on Lattice Semiconductor from $67.00 to $55.00 and set a “hold” rating on the stock in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.17.

Lattice Semiconductor Trading Up 4.8 %

Lattice Semiconductor stock opened at $44.81 on Thursday. The firm has a market capitalization of $6.16 billion, a PE ratio of 28.72 and a beta of 1.38. Lattice Semiconductor Co. has a 1-year low of $40.65 and a 1-year high of $92.23. The firm’s 50 day simple moving average is $50.82 and its 200 day simple moving average is $64.05.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, July 29th. The semiconductor company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $124.08 million for the quarter, compared to analysts’ expectations of $130.17 million. Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. Lattice Semiconductor’s quarterly revenue was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Research analysts forecast that Lattice Semiconductor Co. will post 0.59 earnings per share 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.