Peregrine Investment Management Inc. Makes New Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Peregrine Investment Management Inc. acquired a new stake in shares of Lattice Semiconductor Co. (NASDAQ:LSCC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 portfolio, making the stock its 12th biggest position.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC lifted its position in Lattice Semiconductor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Lattice Semiconductor by 7.3% during the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 348 shares during the last quarter. Empowered Funds LLC grew its holdings in Lattice Semiconductor by 7.5% during the fourth quarter. Empowered Funds LLC now owns 5,010 shares of the semiconductor company’s stock worth $284,000 after buying an additional 349 shares in the last quarter. Finally, Financial Advocates Investment Management grew its holdings in Lattice Semiconductor by 7.4% during the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock worth $303,000 after buying an additional 394 shares in the last quarter. 98.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the sale, the senior vice president now owns 365 shares of the company’s stock, valued at $22,827.10. This trade represents a 75.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark Jon Nelson sold 1,850 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock worth $596,502 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LSCC shares. Benchmark lifted their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Robert W. Baird raised their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Raymond James reduced their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday. Finally, KeyCorp increased their price target on Lattice Semiconductor from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Up 1.6 %

Shares of NASDAQ LSCC opened at $64.42 on Friday. The company has a market cap of $8.89 billion, a P/E ratio of 62.54 and a beta of 1.41. Lattice Semiconductor Co. has a 52 week low of $40.65 and a 52 week high of $85.69. The business has a 50-day simple moving average of $58.13 and a two-hundred day simple moving average of $53.23.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Equities research analysts anticipate that Lattice Semiconductor Co. will post 0.54 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.