Peregrine Investment Management Inc. Makes New $7.69 Million Investment in Lattice Semiconductor Co. (NASDAQ:LSCC)

Peregrine Investment Management Inc. bought a new position in Lattice Semiconductor Co. (NASDAQ:LSCC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 135,730 shares of the semiconductor company's stock, valued at approximately $7,689,000. Lattice Semiconductor accounts for about 4.5% of Peregrine Investment Management Inc.'s holdings, making the stock its 12th biggest holding. Peregrine Investment Management Inc. owned approximately 0.10% of Lattice Semiconductor as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSCC. Marshall Financial Group LLC grew its position in shares of Lattice Semiconductor by 3.5% in the 3rd quarter. Marshall Financial Group LLC now owns 12,862 shares of the semiconductor company's stock worth $683,000 after buying an additional 436 shares during the period. Blue Trust Inc. grew its position in shares of Lattice Semiconductor by 218.5% in the 3rd quarter. Blue Trust Inc. now owns 3,660 shares of the semiconductor company's stock worth $212,000 after buying an additional 2,511 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $249,000. Resonant Capital Advisors LLC purchased a new stake in shares of Lattice Semiconductor in the 3rd quarter worth about $207,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in shares of Lattice Semiconductor by 62.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 25,869 shares of the semiconductor company's stock worth $1,373,000 after buying an additional 9,969 shares during the period. 98.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $57.92, for a total transaction of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. This trade represents a 11.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Pravin Desale sold 1,096 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $62.54, for a total transaction of $68,543.84. Following the sale, the senior vice president now owns 365 shares in the company, valued at approximately $22,827.10. The trade was a 75.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,635 shares of company stock worth $377,108 in the last quarter. Company insiders own 1.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LSCC. StockNews.com raised shares of Lattice Semiconductor from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Raymond James cut their price objective on shares of Lattice Semiconductor from $55.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird increased their price objective 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. Finally, Benchmark increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.25.

Lattice Semiconductor Stock Up 2.3 %

Shares of NASDAQ LSCC traded up $1.54 during trading on Wednesday, reaching $68.78. 3,230,443 shares of the company traded hands, compared to its average volume of 2,348,392. The firm has a 50 day simple moving average of $58.21 and a 200-day simple moving average of $53.35. The stock has a market capitalization of $9.49 billion, a PE ratio of 156.32, a P/E/G ratio of 3.86 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.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced 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 net margin of 12.00% and a return on equity of 11.22%. As a group, research analysts predict 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.