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

Lattice Semiconductor (NASDAQ:LSCC) had its target price trimmed by KeyCorp from $60.00 to $54.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

LSCC has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered their price target on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Tuesday, September 17th. StockNews.com downgraded Lattice Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of Lattice Semiconductor in a research note on Monday, September 16th. Finally, Susquehanna cut their target price on shares of Lattice Semiconductor from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.42.

Lattice Semiconductor Stock Performance

Lattice Semiconductor stock opened at $55.05 on Tuesday. Lattice Semiconductor has a one year low of $40.65 and a one year high of $85.69. The company has a market cap of $7.58 billion, a P/E ratio of 53.45 and a beta of 1.39. The business has a fifty day moving average of $50.56 and a two-hundred day moving average of $57.13.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Lattice Semiconductor had a net margin of 25.48% and a return on equity of 16.92%. The firm had revenue of $127.09 million for the quarter, compared to the consensus estimate of $127.05 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue was down 33.9% on a year-over-year basis. Sell-side analysts predict that Lattice Semiconductor will post 0.59 EPS for the current year.

Insider Activity at Lattice Semiconductor

In other Lattice Semiconductor news, CFO Sherri R. Luther sold 20,632 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was 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 in the company, valued at approximately $4,416,771.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $48.98, for a total value of $60,343.36. Following the sale, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at approximately $730,732.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,008,698.48. Following the completion of the sale, the chief financial officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its holdings in shares of Lattice Semiconductor by 553.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,885 shares of the semiconductor company’s stock worth $843,000 after buying an additional 13,454 shares during the last quarter. LMR Partners LLP purchased a new stake in Lattice Semiconductor during the third quarter valued at about $730,000. Thrivent Financial for Lutherans increased its stake in Lattice Semiconductor by 23.0% during the third quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock worth $41,493,000 after acquiring an additional 146,199 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of 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 period. Finally, Empowered Funds LLC lifted its stake in shares of Lattice Semiconductor by 15.3% in the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.