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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective lifted by equities researchers at KeyCorp from $54.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective suggests a potential upside of 15.56% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus lifted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” 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 for the company in a research report on Tuesday, November 5th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Wednesday, December 11th. Raymond James lowered their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Susquehanna lowered their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research note 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 stock. According to data from MarketBeat.com, Lattice Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $63.33.

Lattice Semiconductor Price Performance

Shares of Lattice Semiconductor stock opened at $60.57 on Wednesday. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 58.09 and a beta of 1.41. The business has a 50-day moving average of $56.94 and a 200 day moving average of $53.27. Lattice Semiconductor has a 12 month low of $40.65 and a 12 month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. The firm had revenue of $127.09 million during the quarter, compared to analysts’ expectations of $127.05 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The business’s quarterly revenue was down 33.9% compared to the same quarter last year. Equities research analysts anticipate that Lattice Semiconductor will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the sale, the senior vice president now owns 14,279 shares of the company’s stock, valued at $827,039.68. This represents a 11.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the firm’s 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 approximately $707,411.74. This trade represents a 9.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,022 shares of company stock valued at $596,502 over the last quarter. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

A number of large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC boosted its stake in shares of Lattice Semiconductor by 19.3% during the second quarter. Clearbridge Investments LLC now owns 1,822,190 shares of the semiconductor company’s stock valued at $105,669,000 after acquiring an additional 294,290 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lattice Semiconductor by 63.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,094,289 shares of the semiconductor company’s stock worth $63,456,000 after purchasing an additional 426,511 shares during the last quarter. Barclays PLC grew its holdings in shares of Lattice Semiconductor by 57.5% during the third quarter. Barclays PLC now owns 1,019,896 shares of the semiconductor company’s stock worth $54,124,000 after buying an additional 372,301 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Lattice Semiconductor in the third quarter valued at approximately $49,297,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Lattice Semiconductor by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 909,877 shares of the semiconductor company’s stock valued at $48,287,000 after buying an additional 22,770 shares during the period. 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.