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

Lattice Semiconductor (NASDAQ:LSCC) had its target price increased by research analysts at KeyCorp from $54.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price would indicate a potential upside of 15.56% from the company’s current price.

Several other research analysts have also commented on LSCC. Needham & Company LLC boosted their price objective on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Wednesday, December 11th. StockNews.com raised Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus upped their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $63.33.

Lattice Semiconductor Price Performance

LSCC stock opened at $60.57 on Wednesday. The company has a market capitalization of $8.36 billion, a P/E ratio of 58.09 and a beta of 1.41. The business has a 50-day moving average price of $56.94 and a 200 day moving average price of $53.27. Lattice Semiconductor has a 1-year low of $40.65 and a 1-year high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $127.09 million for the quarter, compared to analyst estimates of $127.05 million. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Lattice Semiconductor’s revenue was down 33.9% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In related news, SVP Pravin Desale sold 4,387 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at approximately $18,253.65. This represents a 92.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total transaction of $74,967.64. Following the completion of 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. In the last quarter, insiders sold 11,022 shares of company stock worth $596,502. Insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its stake in shares of Lattice Semiconductor by 7.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 162,530 shares of the semiconductor company’s stock valued at $9,425,000 after buying an additional 10,701 shares during the period. Dimensional Fund Advisors LP raised its position in Lattice Semiconductor by 63.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock valued at $63,456,000 after purchasing an additional 426,511 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Lattice Semiconductor by 73.4% in the 2nd quarter. Pacer Advisors Inc. now owns 68,923 shares of the semiconductor company’s stock valued at $3,997,000 after purchasing an additional 29,172 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Lattice Semiconductor by 8.9% during the 2nd quarter. ProShare Advisors LLC now owns 25,563 shares of the semiconductor company’s stock worth $1,482,000 after purchasing an additional 2,080 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Lattice Semiconductor by 76.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,572 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors and hedge funds 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.