135,730 Shares in Lattice Semiconductor Co. (NASDAQ:LSCC) Purchased by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. purchased a new stake in Lattice Semiconductor Co. (NASDAQ:LSCC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 135,730 shares of the semiconductor company’s stock, valued at approximately $7,689,000. Lattice Semiconductor makes up approximately 4.5% of Peregrine Investment Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Peregrine Investment Management Inc. owned approximately 0.10% of Lattice Semiconductor at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Stephens Investment Management Group LLC increased its holdings in Lattice Semiconductor by 22.2% during the third quarter. Stephens Investment Management Group LLC now owns 780,271 shares of the semiconductor company’s stock worth $41,409,000 after buying an additional 142,005 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Lattice Semiconductor by 9.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after purchasing an additional 38,826 shares during the last quarter. Pier Capital LLC raised its holdings in shares of Lattice Semiconductor by 114.7% in the 3rd quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock valued at $8,571,000 after purchasing an additional 86,276 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $1,314,000. Finally, Roubaix Capital LLC bought a new position in Lattice Semiconductor during the third quarter worth about $5,794,000. Institutional investors and hedge funds own 98.08% of the company’s stock.

Lattice Semiconductor Price Performance

Shares of LSCC opened at $64.42 on Friday. The business has a 50-day moving average of $58.13 and a 200-day moving average of $53.23. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 62.54 and a beta of 1.41. Lattice Semiconductor Co. has a 1 year low of $40.65 and a 1 year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. As a group, sell-side analysts anticipate that Lattice Semiconductor Co. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James dropped their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. KeyCorp increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday, February 11th. Susquehanna increased their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. Finally, Benchmark lifted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Insider Buying and Selling

In related news, SVP Pravin Desale sold 4,387 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $18,253.65. This trade represents a 92.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of Lattice Semiconductor stock in a transaction that occurred on 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 owns 14,279 shares of the company’s stock, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 over the last quarter. Insiders own 1.80% of the company’s stock.

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.