Nicholas Company Inc. Raises Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nicholas Company Inc. grew its stake in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,623 shares of the semiconductor company's stock after acquiring an additional 90,366 shares during the period. Nicholas Company Inc. owned 0.28% of Lattice Semiconductor worth $21,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LSCC. Entropy Technologies LP grew its stake in Lattice Semiconductor by 5.6% in the third quarter. Entropy Technologies LP now owns 8,202 shares of the semiconductor company's stock worth $435,000 after purchasing an additional 434 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Lattice Semiconductor by 10.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company's stock worth $618,000 after buying an additional 1,113 shares in the last quarter. Empowered Funds LLC grew its position in shares of Lattice Semiconductor by 15.3% during the 3rd quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company's stock worth $247,000 after buying an additional 619 shares in the last quarter. RiverPark Advisors LLC increased its stake in shares of Lattice Semiconductor by 85.0% during the third quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company's stock valued at $227,000 after buying an additional 1,966 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Lattice Semiconductor by 23.0% in the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company's stock worth $41,493,000 after acquiring an additional 146,199 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research analysts have commented on LSCC shares. KeyCorp raised their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Rosenblatt Securities restated a "buy" rating and set a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Finally, StockNews.com lowered Lattice Semiconductor from a "hold" rating to a "sell" rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.25.

Insiders Place Their Bets

In related news, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction dated 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 sale, the senior vice president now owns 83,289 shares of the company's stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the sale, the senior vice president now owns 93,903 shares in the company, valued at approximately $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,740 shares of company stock valued at $943,026. 1.80% of the stock is owned by company insiders.

Lattice Semiconductor Stock Down 2.9 %

Shares of Lattice Semiconductor stock traded down $1.79 during midday trading on Thursday, hitting $60.54. The company had a trading volume of 1,029,364 shares, compared to its average volume of 2,287,675. The company has a fifty day simple moving average of $59.85 and a 200 day simple moving average of $55.77. The stock has a market cap of $8.34 billion, a price-to-earnings ratio of 137.59, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor Co. has a 12-month low of $40.65 and a 12-month high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. As a group, analysts expect 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.