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

Lattice Semiconductor (NASDAQ:LSCC) had its price objective 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 would suggest a potential upside of 21.91% from the stock’s previous close.

LSCC has been the topic of several other reports. Susquehanna increased their price target on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on shares of Lattice Semiconductor from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lattice Semiconductor from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $85.00 target price on shares of Lattice Semiconductor in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.25.

Lattice Semiconductor Stock Performance

LSCC stock opened at $61.52 on Tuesday. The firm’s fifty day moving average is $57.84 and its 200 day moving average is $53.01. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $85.69. The firm has a market cap of $8.49 billion, a P/E ratio of 59.73 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 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.14). Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.84%. As a group, analysts forecast that Lattice Semiconductor will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the 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 completion of the sale, the senior vice president now directly owns 83,289 shares of the company’s stock, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Ann Feanny sold 1,474 shares of Lattice Semiconductor 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 completion of the transaction, the senior vice president now directly owns 13,909 shares in the company, valued at approximately $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,022 shares of company stock worth $596,502 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Lattice Semiconductor

A number of institutional investors have recently made changes to their positions in LSCC. Vanguard Group Inc. raised its stake in Lattice Semiconductor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company’s stock valued at $846,600,000 after buying an additional 229,820 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lattice Semiconductor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company’s stock valued at $173,132,000 after acquiring an additional 74,655 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Lattice Semiconductor by 9.9% in the 4th quarter. TD Asset Management Inc. now owns 1,810,834 shares of the semiconductor company’s stock valued at $102,584,000 after purchasing an additional 162,546 shares during the last quarter. Norges Bank acquired a new stake in Lattice Semiconductor in the 4th quarter worth approximately $88,674,000. Finally, TimesSquare Capital Management LLC grew its position in Lattice Semiconductor by 2,923.4% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,523,545 shares of the semiconductor company’s stock worth $86,309,000 after purchasing an additional 1,473,154 shares during the last quarter. 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.