KeyCorp Issues Positive Forecast for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC) had its price target lifted by KeyCorp from $70.00 to $75.00 in a report published on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on LSCC. Susquehanna raised their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Benchmark lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Raymond James cut their price target on shares of Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.25.

Lattice Semiconductor Stock Up 7.7 %

Shares of LSCC stock opened at $58.64 on Tuesday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The stock has a market capitalization of $8.09 billion, a PE ratio of 56.93 and a beta of 1.41. The firm has a 50 day moving average of $57.83 and a two-hundred day moving average of $52.99.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings data on Monday, February 10th. The semiconductor company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. Analysts expect that Lattice Semiconductor will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor 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 owns 13,909 shares of the company’s stock, valued at $707,411.74. The trade was a 9.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 4,387 shares of Lattice Semiconductor stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $50.01, for a total transaction of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares in the company, valued at approximately $18,253.65. The trade was a 92.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,022 shares of company stock valued at $596,502. Insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stephens Investment Management Group LLC boosted its holdings in 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 worth $41,409,000 after buying an additional 142,005 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Lattice Semiconductor by 9.4% during the third quarter. Eagle Asset Management Inc. now owns 452,170 shares of the semiconductor company’s stock worth $24,657,000 after buying an additional 38,826 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Lattice Semiconductor by 280.3% during the second quarter. Cetera Investment Advisers now owns 17,958 shares of the semiconductor company’s stock worth $1,041,000 after buying an additional 13,236 shares in the last quarter. Pier Capital LLC boosted its holdings in Lattice Semiconductor by 114.7% during the third quarter. Pier Capital LLC now owns 161,505 shares of the semiconductor company’s stock worth $8,571,000 after buying an additional 86,276 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lattice Semiconductor during the third quarter worth about $1,314,000. 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.