Nicholas Company Inc. Has $21.90 Million Stock Holdings in Lattice Semiconductor Co. (NASDAQ:LSCC)

Nicholas Company Inc. lifted its stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) by 30.5% during the fourth quarter, Holdings Channel reports. The firm owned 386,623 shares of the semiconductor company’s stock after purchasing an additional 90,366 shares during the quarter. Nicholas Company Inc.’s holdings in Lattice Semiconductor were worth $21,902,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

LSCC has been the subject of a number of recent analyst reports. StockNews.com cut Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, March 11th. Stifel Nicolaus raised 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. Susquehanna raised 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. Benchmark lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total value of $105,968.00. Following the sale, the senior vice president now owns 83,289 shares in the company, valued at approximately $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 14,740 shares of company stock valued at $943,026. Insiders own 1.19% of the company’s stock.

Lattice Semiconductor Stock Performance

NASDAQ:LSCC opened at $60.79 on Friday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 138.16, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43. The firm has a 50-day moving average price of $59.48 and a two-hundred day moving average price of $55.44. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $80.47.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 12.00% and a return on equity of 11.22%. As a group, sell-side analysts forecast that Lattice Semiconductor Co. will post 0.65 earnings per share for the current year.

Lattice Semiconductor 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.