Stocks of Lattice Semiconductor Corporation (NASDAQ:LSCC) traded higher last session on Wall Street, down -3.89% to $67.00.
According to the data, Lattice Semiconductor Corporation (NASDAQ:LSCC) has 12 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $50.00, we find $75.45. Given the previous closing price of $69.71, this indicates a potential upside of 8.23 percent. LSCC stock price is now 11.81% away from the 50-day moving average and 21.56% away from the 200-day moving average. The market capitalization of the company currently stands at $9.25B.
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A total of 4 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $73.69 as their price target over the next twelve months.
With the price target of $60, Stifel recently initiated with Hold rating for Lattice Semiconductor Corporation (NASDAQ: LSCC). On May 24, 2022, Susquehanna Upgraded its previous ‘Neutral’ rating to ‘Positive’ on the stock keeping its target price maintained at $65, while ‘Rosenblatt’ rates the stock as ‘Buy’.
In other news, O’Rourke Glenn, SVP, Mfg Ops sold 4,790 shares of the company’s stock on Dec 15. The stock was sold for $338,666 at an average price of $70.70. Upon completion of the transaction, the SVP, Mfg Ops now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, President & CEO ANDERSON JAMES ROBERT sold 26,034 shares of the business’s stock. A total of $1,831,642 was realized by selling the stock at an average price of $70.36. This leaves the insider owning 758,500 shares of the company worth $50.82 million. Insiders disposed of 1,300,081 shares of company stock worth roughly $87.11 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LSCC stock. A new stake in Lattice Semiconductor Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $741,455,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $24,164,000 in shares of LSCC during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Lattice Semiconductor Corporation valued at approximately $13,078,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in LSCC for approximately $11,208,000. PUTNAM INVESTMENTS LLC purchased a new stake in LSCC valued at around $9,119,000 in the second quarter.
Monday’s opening bell rang with an opening price of $69.39 for Lattice Semiconductor Corporation (NASDAQ: LSCC). During the past 12 months, Lattice Semiconductor Corporation has had a low of $43.41 and a high of $79.99. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 3.10, and a quick ratio of 2.20. The fifty day moving average price for LSCC is $60.24 and a two-hundred day moving average price translates $55.16 for the stock.
The latest earnings results from Lattice Semiconductor Corporation (NASDAQ: LSCC) was released for Jul, 2022. According to the Semiconductors Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.4 by 0.02. This compares to $0.19 EPS in the same period last year. The net profit margin was 24.80% and return on equity was 36.40% for LSCC. The company reported revenue of $172.51 million for the quarter, compared to $131.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.78 percent. For the current quarter, analysts expect LSCC to generate $166.28M in revenue.
Lattice Semiconductor Corporation(LSCC) 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 Certus-NX and ECP, Mach, iCE40, and CrossLink. It also provides video connectivity application specific standard products. In addition, the company licenses its technology portfolio through standard IP and IP core licensing, patent monetization, and IP services. It sells its products directly to end customers, and indirectly through a network of independent manufacturers’ representatives and independent distributors. The company primarily serves original equipment manufacturers in the communications and computing, consumer, and industrial and automotive end markets. Lattice Semiconductor Corporation was incorporated in 1983 and is headquartered in Hillsboro, Oregon.
