KeyCorp Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $70.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price raised by research analysts at KeyCorp from $54.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price would suggest a potential upside of 17.65% from the company’s previous close.

Other analysts have also issued research reports about the stock. Susquehanna dropped their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Needham & Company LLC raised their target price on Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reiterated a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Stock Down 2.2 %

Shares of Lattice Semiconductor stock opened at $59.50 on Wednesday. The firm has a market cap of $8.21 billion, a PE ratio of 57.77 and a beta of 1.41. The business has a 50-day moving average price of $57.27 and a 200 day moving average price of $53.31. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. The business had revenue of $127.09 million during the quarter, compared to the consensus estimate of $127.05 million. During the same period in the prior year, the company posted $0.41 EPS. The business’s quarterly revenue was down 33.9% on a year-over-year basis. On average, sell-side analysts expect that Lattice Semiconductor will post 0.54 EPS for the current year.

Insider Activity

In other Lattice Semiconductor news, SVP Pravin Desale sold 1,096 shares of Lattice Semiconductor stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $62.54, for a total transaction of $68,543.84. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $50.86, for a total transaction of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock valued at $596,502 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its stake in Lattice Semiconductor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock worth $592,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Lattice Semiconductor by 67.7% during the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Lattice Semiconductor by 7.3% in the third quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 348 shares during the period. Financial Advocates Investment Management grew its holdings in shares of Lattice Semiconductor by 7.4% in the third quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after purchasing an additional 394 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Lattice Semiconductor by 3.0% during the 2nd quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock worth $833,000 after buying an additional 422 shares during the period. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.