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

Lattice Semiconductor (NASDAQ:LSCC - Free Report) had its price objective increased by KeyCorp from $70.00 to $75.00 in a research report sent to investors on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the semiconductor company's stock.

Several other analysts have also recently weighed in on LSCC. Rosenblatt Securities reaffirmed a "buy" rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Monday. TD Cowen decreased their price objective on Lattice Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Needham & Company LLC reaffirmed a "buy" rating and issued a $70.00 target price on shares of Lattice Semiconductor in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Lattice Semiconductor from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.25.

Lattice Semiconductor Price Performance

Shares of NASDAQ:LSCC traded up $0.71 on Tuesday, hitting $64.10. The company's stock had a trading volume of 755,646 shares, compared to its average volume of 2,221,656. The company has a 50-day simple moving average of $58.00 and a 200 day simple moving average of $53.14. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $85.69. The company has a market capitalization of $8.84 billion, a PE ratio of 62.10 and a beta of 1.41.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts expect that Lattice Semiconductor will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,850 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $57.92, for a total value of $107,152.00. Following the transaction, the senior vice president now owns 14,279 shares in the company, valued at approximately $827,039.68. The trade was a 11.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy Ann Feanny sold 1,474 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $50.86, for a total value of $74,967.64. Following the transaction, the senior vice president now directly owns 13,909 shares of the company's stock, valued at $707,411.74. The trade was a 9.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,022 shares of company stock valued at $596,502 in the last quarter. Company insiders own 1.80% of the company's stock.

Institutional Trading of Lattice Semiconductor

Several large investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. increased its position in Lattice Semiconductor by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 21,544,339 shares of the semiconductor company's stock valued at $1,220,487,000 after purchasing an additional 478,440 shares during the period. Vanguard Group Inc. increased its position in Lattice Semiconductor by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 14,944,397 shares of the semiconductor company's stock valued at $846,600,000 after purchasing an additional 229,820 shares during the period. Price T Rowe Associates Inc. MD increased its position in Lattice Semiconductor by 291.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,283,157 shares of the semiconductor company's stock valued at $355,942,000 after purchasing an additional 4,676,100 shares during the period. Geode Capital Management LLC increased its position in Lattice Semiconductor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 3,055,445 shares of the semiconductor company's stock valued at $173,132,000 after purchasing an additional 74,655 shares during the period. Finally, Capital Research Global Investors increased its position in Lattice Semiconductor by 10.6% during the 4th quarter. Capital Research Global Investors now owns 2,258,500 shares of the semiconductor company's stock valued at $127,944,000 after purchasing an additional 216,617 shares during the period. Institutional investors own 98.08% of the company's stock.

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.