Lattice Semiconductor (NASDAQ:LSCC) Given New $54.00 Price Target at KeyCorp

Lattice Semiconductor (NASDAQ:LSCC) had its price target decreased by KeyCorp from $60.00 to $54.00 in a report released on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

Several other research firms also recently weighed in on LSCC. Stifel Nicolaus raised shares of Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, September 17th. StockNews.com cut shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Raymond James raised shares of Lattice Semiconductor from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Thursday, August 8th. TD Cowen cut their target price on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $61.00 price target on shares of Lattice Semiconductor in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Lattice Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.42.

Lattice Semiconductor Stock Down 0.9 %

Shares of NASDAQ LSCC opened at $54.53 on Tuesday. The firm has a market cap of $7.52 billion, a PE ratio of 52.94 and a beta of 1.39. Lattice Semiconductor has a fifty-two week low of $40.65 and a fifty-two week high of $85.69. The business has a 50 day moving average price of $50.70 and a two-hundred day moving average price of $57.05.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $127.05 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 33.9% compared to the same quarter last year. On average, analysts anticipate that Lattice Semiconductor will post 0.57 earnings per share for the current year.

Insider Buying and Selling at Lattice Semiconductor

In related news, CFO Sherri R. Luther sold 20,632 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now directly owns 90,341 shares in the company, valued at $4,416,771.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the sale, the senior vice president now directly owns 14,919 shares in the company, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total transaction of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares in the company, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. raised its position in shares of Lattice Semiconductor by 186.5% during the second quarter. Blue Trust Inc. now owns 1,149 shares of the semiconductor company’s stock valued at $67,000 after buying an additional 748 shares during the last quarter. Swedbank AB purchased a new position in shares of Lattice Semiconductor during the first quarter valued at $4,186,000. Stephens Investment Management Group LLC lifted its position in shares of 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 valued at $41,409,000 after buying an additional 142,005 shares during the last quarter. Marshall Financial Group LLC purchased a new position in shares of Lattice Semiconductor in the 2nd quarter valued at approximately $721,000. Finally, Cetera Investment Advisers grew its stake in Lattice Semiconductor by 280.3% during the 2nd quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock valued at $1,041,000 after purchasing an additional 13,236 shares during the last quarter. Hedge funds and other institutional investors own 98.08% 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.