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

Lattice Semiconductor (NASDAQ:LSCC) had its target price boosted by analysts at KeyCorp from $70.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price target suggests a potential upside of 24.76% from the company’s current price.

A number of other brokerages have also weighed in on LSCC. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price objective on shares of Lattice Semiconductor in a report on Monday. Raymond James lowered 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 report on Tuesday, November 5th. Robert W. Baird increased their price objective on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.83.

Lattice Semiconductor Stock Performance

Shares of LSCC stock traded up $5.64 on Tuesday, reaching $60.11. 2,250,578 shares of the company were exchanged, compared to its average volume of 2,026,682. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The business has a 50-day moving average price of $57.91 and a 200 day moving average price of $52.98. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 58.54 and a beta of 1.41.

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

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $57.28, for a total transaction of $105,968.00. Following the transaction, 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 transaction 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 Lattice Semiconductor stock in a transaction on Monday, November 18th. The shares were sold at an average price of $50.01, for a total value of $219,393.87. Following the completion of the sale, the senior vice president now directly owns 365 shares of the company’s stock, valued at $18,253.65. The trade was a 92.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 insiders.

Institutional Trading of Lattice Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of LSCC. UMB Bank n.a. grew its holdings in shares of Lattice Semiconductor by 67.7% in the fourth quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Lattice Semiconductor in the 4th quarter valued at approximately $38,000. Skandinaviska Enskilda Banken AB publ boosted its position in Lattice Semiconductor by 102.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 340 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Lattice Semiconductor by 88.1% in the fourth quarter. Jones Financial Companies Lllp now owns 790 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 370 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of Lattice Semiconductor during the third quarter worth $53,000. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

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.