KeyCorp Boosts Lattice Semiconductor (NASDAQ:LSCC) Price Target to $75.00

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by research analysts at KeyCorp from $70.00 to $75.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s target price points to a potential upside of 21.91% from the stock’s current price.

Other research analysts have also issued reports about the stock. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. TD Cowen lowered their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Benchmark lifted their price target on Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.25.

Lattice Semiconductor Price Performance

Shares of NASDAQ LSCC opened at $61.52 on Tuesday. The firm’s 50 day simple moving average is $57.84 and its 200-day simple moving average is $53.01. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 59.73 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 16.84% and a net margin of 25.48%. 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 other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the business’s 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 sale, the senior vice president now directly owns 83,289 shares in the company, valued at $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Pravin Desale sold 4,387 shares of the stock in a transaction dated Monday, November 18th. The stock was 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 in the company, valued at $18,253.65. This represents a 92.32 % 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 quarter. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lattice Semiconductor

A number of hedge funds have recently added to or reduced their stakes in LSCC. UMB Bank n.a. increased 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 acquiring an additional 266 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Lattice Semiconductor during the 4th quarter worth $38,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Lattice Semiconductor by 102.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 340 shares during the period. Jones Financial Companies Lllp raised its position in Lattice Semiconductor by 88.1% in the 4th quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 370 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in Lattice Semiconductor in the 3rd quarter valued at about $53,000. 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.