Nicholas Investment Partners LP Takes Position in Lattice Semiconductor Corporation $LSCC

Key Points

• Nicholas Investment Partners initiated a position in Lattice Semiconductor, purchasing 146,318 shares worth approximately $22.4 million, representing 1.3% of its portfolio. Institutional investors and hedge funds collectively own 98.08% of LSCC.
• Wall Street sentiment remains positive: analysts assign the stock a consensus “Buy” rating with an average price target of $144.38, while several firms recently raised their targets as high as $175.
• Lattice exceeded quarterly expectations, reporting adjusted earnings of $0.53 per share versus estimates of $0.44 and revenue of $201.1 million, up 62.2% year over year. However, insiders have sold 28,502 shares worth about $4.0 million over the past 90 days.

Nicholas Investment Partners LP purchased a new position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 146,318 shares of the semiconductor company's stock, valued at approximately $22,381,000. Lattice Semiconductor accounts for 1.3% of Nicholas Investment Partners LP's investment portfolio, making the stock its 15th biggest holding. Nicholas Investment Partners LP owned about 0.11% of Lattice Semiconductor as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Royal Bank of Canada increased its position in shares of Lattice Semiconductor by 213.3% during the first quarter. Royal Bank of Canada now owns 176,938 shares of the semiconductor company's stock valued at $9,280,000 after acquiring an additional 120,464 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Lattice Semiconductor by 59.5% during the 1st quarter. AQR Capital Management LLC now owns 8,799 shares of the semiconductor company's stock worth $460,000 after purchasing an additional 3,283 shares during the period. Goldman Sachs Group Inc. increased its holdings in Lattice Semiconductor by 37.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 963,493 shares of the semiconductor company's stock valued at $50,535,000 after purchasing an additional 264,329 shares during the last quarter. Cetera Investment Advisers increased its holdings in Lattice Semiconductor by 28.8% in the 2nd quarter. Cetera Investment Advisers now owns 6,432 shares of the semiconductor company's stock valued at $315,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Lattice Semiconductor by 9.5% in the second quarter. Guggenheim Capital LLC now owns 19,746 shares of the semiconductor company's stock valued at $967,000 after purchasing an additional 1,717 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Cowen boosted their price objective on Lattice Semiconductor from $145.00 to $165.00 and gave the company a "buy" rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lattice Semiconductor from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. Jefferies Financial Group lifted their price objective on shares of Lattice Semiconductor from $145.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Zacks Research upgraded shares of Lattice Semiconductor from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, Robert W. Baird boosted their price target on shares of Lattice Semiconductor from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $144.38.

Insider Activity

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,880 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $126.43, for a total value of $237,688.40. Following the sale, the senior vice president directly owned 60,221 shares of the company's stock, valued at approximately $7,613,741.03. This represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James P. Lederer sold 6,101 shares of the firm's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $153.94, for a total transaction of $939,187.94. Following the completion of the sale, the director owned 41,201 shares in the company, valued at $6,342,481.94. The trade was a 12.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 28,502 shares of company stock valued at $4,005,820. 0.62% of the stock is currently owned by company insiders.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $114.15 on Tuesday. Lattice Semiconductor Corporation has a 1 year low of $60.50 and a 1 year high of $157.01. The stock has a market capitalization of $15.64 billion, a PE ratio of 439.04, a PEG ratio of 1.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.33 and a current ratio of 3.02. The stock has a 50-day simple moving average of $132.99 and a 200-day simple moving average of $119.07.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.09. The firm had revenue of $201.08 million for the quarter, compared to analyst estimates of $185.50 million. Lattice Semiconductor had a net margin of 5.58% and a return on equity of 10.92%. The business's quarterly revenue was up 62.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Lattice Semiconductor has set its Q3 2026 guidance at 0.540-0.580 EPS. On average, analysts predict that Lattice Semiconductor Corporation will post 1.12 earnings per share for the current fiscal year.

Lattice Semiconductor Profile

Lattice Semiconductor Corporation is a U.S.-based semiconductor company specializing in low-power, small-footprint programmable logic devices. The company's product portfolio centers on field-programmable gate arrays (FPGAs), programmable logic devices (PLDs) and related intellectual property cores that enable customers to implement custom digital functions in applications where energy efficiency and compact size are critical. Lattice's solutions are widely used to accelerate edge computing, support video and sensor interfaces, and provide flexible I/O connectivity across a variety of end markets.

The company offers a range of FPGA families, including the iCE40 series for ultra-low power mobile and consumer applications, the MachXO series for embedded control and security, and the ECP5 series for midrange performance in communications, industrial automation and automotive domains.

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