KeyCorp Has Lowered Expectations for Lattice Semiconductor (NASDAQ:LSCC) Stock Price

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) had its price objective dropped by stock analysts at KeyCorp from $75.00 to $70.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. KeyCorp's price target would suggest a potential upside of 50.21% from the stock's current price.

Several other research analysts also recently issued reports on the company. TD Cowen lifted their price target on Lattice Semiconductor from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Rosenblatt Securities restated a "buy" rating and issued a $72.00 price objective on shares of Lattice Semiconductor in a report on Tuesday. Loop Capital initiated coverage on Lattice Semiconductor in a research note on Friday, April 4th. They issued a "buy" rating and a $85.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price target on shares of Lattice Semiconductor in a research note on Tuesday. Finally, Robert W. Baird upped their target price on Lattice Semiconductor from $42.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.15.

Lattice Semiconductor Stock Down 11.2 %

LSCC opened at $46.60 on Tuesday. The firm's 50-day moving average price is $52.14 and its 200-day moving average price is $55.45. The company has a market cap of $6.41 billion, a P/E ratio of 105.94, a price-to-earnings-growth ratio of 3.03 and a beta of 1.60. Lattice Semiconductor has a 52-week low of $34.69 and a 52-week high of $78.29.

Lattice Semiconductor (NASDAQ:LSCC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $120.15 million for the quarter, compared to analyst estimates of $120.09 million. Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. On average, research analysts anticipate that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Transactions at Lattice Semiconductor

In other news, SVP Pravin Desale sold 2,890 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.29, for a total value of $197,358.10. Following the sale, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin Ann Abrams sold 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the completion of the transaction, the director now directly owns 122,538 shares in the company, valued at $7,838,755.86. This trade represents a 7.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Lattice Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in shares of Lattice Semiconductor by 65.7% in the 1st quarter. Allworth Financial LP now owns 560 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 222 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Lattice Semiconductor by 209.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 606 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 410 shares during the period. UMB Bank n.a. lifted its holdings in shares of Lattice Semiconductor by 67.7% during the fourth 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 period. Arcadia Investment Management Corp MI bought a new stake in shares of Lattice Semiconductor during the fourth quarter valued at approximately $38,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Lattice Semiconductor by 102.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 671 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.