Lattice Semiconductor (NASDAQ:LSCC) Stock Price Expected to Rise, KeyCorp Analyst Says

Lattice Semiconductor (NASDAQ:LSCC) had its price objective increased by KeyCorp from $54.00 to $70.00 in a research report sent to investors on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company’s stock.

Several other research firms have also weighed in on LSCC. StockNews.com upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Needham & Company LLC lifted their price target on shares of Lattice Semiconductor from $56.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Susquehanna decreased their target price on Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, November 5th. Stifel Nicolaus boosted their target price on Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Raymond James decreased their price objective on Lattice Semiconductor from $55.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. One 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. Based on data from MarketBeat, Lattice Semiconductor presently has a consensus rating of “Moderate Buy” and an average target price of $64.58.

Lattice Semiconductor Stock Down 3.8 %

Shares of NASDAQ LSCC opened at $57.26 on Wednesday. The firm has a fifty day simple moving average of $57.61 and a 200 day simple moving average of $53.32. Lattice Semiconductor has a twelve month low of $40.65 and a twelve month high of $85.69. The company has a market capitalization of $7.90 billion, a PE ratio of 55.59 and a beta of 1.41.

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

Insider Transactions at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Pravin Desale sold 1,096 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $62.54, for a total value of $68,543.84. Following the completion of the transaction, the senior vice president now owns 365 shares in the company, valued at $22,827.10. This trade represents a 75.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark Jon Nelson sold 1,850 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $57.28, for a total transaction of $105,968.00. Following the completion of the transaction, the senior vice president now owns 83,289 shares of the company’s stock, valued at $4,770,793.92. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Lattice Semiconductor by 2.0% during the third quarter. Tidal Investments LLC now owns 11,152 shares of the semiconductor company’s stock valued at $592,000 after buying an additional 224 shares during the period. UMB Bank n.a. boosted its position in shares of Lattice Semiconductor by 67.7% during the 4th quarter. UMB Bank n.a. now owns 659 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Lattice Semiconductor by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 5,141 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 348 shares during the last quarter. Financial Advocates Investment Management boosted its position in shares of Lattice Semiconductor by 7.4% during the 3rd quarter. Financial Advocates Investment Management now owns 5,706 shares of the semiconductor company’s stock valued at $303,000 after acquiring an additional 394 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Lattice Semiconductor by 3.0% during the second quarter. Toronto Dominion Bank now owns 14,372 shares of the semiconductor company’s stock valued at $833,000 after purchasing an additional 422 shares during the last quarter. 98.08% of the stock is owned by institutional investors.

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.