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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective boosted by KeyCorp from $54.00 to $70.00 in a research note released on Wednesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on LSCC. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC lifted their target price on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus increased their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Lattice Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Susquehanna cut their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.58.

Lattice Semiconductor Price Performance

NASDAQ:LSCC opened at $60.86 on Wednesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The business has a fifty day moving average price of $57.06 and a 200-day moving average price of $53.26. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 59.09 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting 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 analysts’ expectations of $127.05 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The business’s quarterly revenue was down 33.9% on a year-over-year basis. On average, equities research analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Lattice Semiconductor

In other news, SVP Tracy Ann Feanny sold 1,474 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the sale, the senior vice president now directly owns 13,909 shares in the company, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark Jon Nelson sold 1,850 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,022 shares of company stock valued at $596,502 over the last 90 days. 1.19% of the stock is owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in 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 buying an additional 266 shares during the period. American National Bank & Trust boosted its stake in shares of Lattice Semiconductor by 5,064.3% during the 3rd quarter. American National Bank & Trust now owns 723 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 709 shares during the period. Hollencrest Capital Management bought a new position in Lattice Semiconductor during the 3rd quarter valued at about $53,000. Brooklyn Investment Group purchased a new stake in Lattice Semiconductor in the 3rd quarter worth about $89,000. Finally, GAMMA Investing LLC lifted its stake in Lattice Semiconductor by 257.8% in the third quarter. GAMMA Investing LLC now owns 2,129 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 1,534 shares during the last quarter. Hedge funds and other institutional investors own 98.08% of the company’s stock.

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.