KeyCorp Lowers Lattice Semiconductor (NASDAQ:LSCC) Price Target to $54.00

Lattice Semiconductor (NASDAQ:LSCC) had its price objective reduced by KeyCorp from $60.00 to $54.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

A number of other research analysts have also recently commented on LSCC. TD Cowen reduced their target price on shares of Lattice Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday. Bank of America cut shares of Lattice Semiconductor from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $83.00 to $47.00 in a research report on Tuesday, July 30th. Stifel Nicolaus raised Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, September 17th. Benchmark reissued a “buy” rating and issued a $60.00 price target on shares of Lattice Semiconductor in a report on Monday, September 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.42.

Lattice Semiconductor Trading Up 1.6 %

Shares of NASDAQ LSCC opened at $55.05 on Tuesday. The stock has a fifty day moving average price of $50.56 and a 200 day moving average price of $57.13. The company has a market cap of $7.58 billion, a P/E ratio of 53.45 and a beta of 1.39. Lattice Semiconductor has a 12-month low of $40.65 and a 12-month high of $85.69.

Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Monday, November 4th. The semiconductor company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business 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 16.92% and a net margin of 25.48%. The company’s revenue for the quarter was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. On average, sell-side analysts forecast that Lattice Semiconductor will post 0.59 EPS for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other news, CFO Sherri R. Luther sold 20,632 shares of Lattice Semiconductor stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the completion of the transaction, the chief financial officer now directly owns 90,341 shares of the company’s stock, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Mark Jon Nelson sold 1,232 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the transaction, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its position in shares of Lattice Semiconductor by 553.4% during the third quarter. Meeder Asset Management Inc. now owns 15,885 shares of the semiconductor company’s stock worth $843,000 after acquiring an additional 13,454 shares during the last quarter. LMR Partners LLP acquired a new position in Lattice Semiconductor during the 3rd quarter valued at about $730,000. Thrivent Financial for Lutherans boosted its stake in Lattice Semiconductor by 23.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock valued at $41,493,000 after purchasing an additional 146,199 shares during the period. RiverPark Advisors LLC grew its position in Lattice Semiconductor by 85.0% in the 3rd quarter. RiverPark Advisors LLC now owns 4,280 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 619 shares during the period. 98.08% of the stock is currently owned by 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.