Lattice Semiconductor Corporation (NASDAQ:LSCC) Shares Purchased by Peregrine Investment Management Inc.

Peregrine Investment Management Inc. lifted its position in shares of Lattice Semiconductor Corporation (NASDAQ:LSCC - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,400 shares of the semiconductor company's stock after buying an additional 5,670 shares during the quarter. Lattice Semiconductor makes up 5.5% of Peregrine Investment Management Inc.'s holdings, making the stock its 9th largest holding. Peregrine Investment Management Inc. owned 0.10% of Lattice Semiconductor worth $7,416,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Lattice Semiconductor by 291.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after buying an additional 4,676,100 shares during the period. Norges Bank purchased a new stake in Lattice Semiconductor in the 4th quarter valued at about $88,674,000. Janus Henderson Group PLC boosted its position in Lattice Semiconductor by 740.3% in the 4th quarter. Janus Henderson Group PLC now owns 1,357,119 shares of the semiconductor company's stock valued at $76,843,000 after buying an additional 1,195,624 shares during the period. Hood River Capital Management LLC purchased a new stake in shares of Lattice Semiconductor in the 4th quarter worth approximately $44,147,000. Finally, Brown Advisory Inc. lifted its position in shares of Lattice Semiconductor by 110.6% in the 4th quarter. Brown Advisory Inc. now owns 970,411 shares of the semiconductor company's stock worth $54,974,000 after purchasing an additional 509,704 shares during the period. Hedge funds and other institutional investors own 98.08% of the company's stock.

Analysts Set New Price Targets

LSCC has been the subject of several recent analyst reports. Williams Trading set a $60.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Benchmark restated a "buy" rating and set a $60.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Raymond James Financial restated an "outperform" rating and set a $64.00 price target (down previously from $66.00) on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and set a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $63.15.

Lattice Semiconductor Trading Down 2.1%

Shares of Lattice Semiconductor stock traded down $1.18 during trading on Friday, reaching $53.72. The company's stock had a trading volume of 1,098,363 shares, compared to its average volume of 2,639,773. The company has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $53.47. The firm has a market cap of $7.39 billion, a PE ratio of 145.19, a P/E/G ratio of 3.62 and a beta of 1.52. Lattice Semiconductor Corporation has a fifty-two week low of $34.69 and a fifty-two week high of $70.55.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $120.15 million for the quarter, compared to analysts' expectations of $120.09 million. Lattice Semiconductor had a net margin of 10.51% and a return on equity of 9.24%. Lattice Semiconductor's revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. On average, analysts predict that Lattice Semiconductor Corporation will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Tracy Ann Feanny sold 1,790 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $56.56, for a total transaction of $101,242.40. Following the sale, the senior vice president directly owned 87,106 shares in the company, valued at approximately $4,926,715.36. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth M. Schwarting sold 700 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $52.03, for a total transaction of $36,421.00. Following the completion of the sale, the director owned 8,084 shares in the company, valued at $420,610.52. This represents a 7.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company's stock.

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.