The stock of Lattice Semiconductor Corporation (NASDAQ:LSCC) last traded at $89.92, down -5.68% from the previous session.
Data from the available sources indicates that Lattice Semiconductor Corporation (NASDAQ:LSCC) is covered by 11 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $82.00, we find $105.00. Given the previous closing price of $95.33, this indicates a potential upside of 10.14 percent. LSCC stock price is now -0.79% away from the 50-day moving average and 9.60% away from the 200-day moving average. The market capitalization of the company currently stands at $12.27B.
In total, 4 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $102.89 as their price target over the next twelve months.
In other news, ANDERSON JAMES ROBERT, President, CEO sold 37,812 shares of the company’s stock on Aug 22. The stock was sold for $3,483,449 at an average price of $92.13. Upon completion of the transaction, the President, CEO now directly owns 753,889 shares in the company, valued at $67.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22, Director RICHARDSON DAVID JEFFREY sold 21,918 shares of the business’s stock. A total of $2,008,162 was realized by selling the stock at an average price of $91.62. This leaves the insider owning 33,600 shares of the company worth $3.02 million. Insiders disposed of 1,035,183 shares of company stock worth roughly $93.08 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 TIMESSQUARE CAPITAL MANAGEMENT, LLC during the first quarter worth $39,948,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC invested $35,695,000 in shares of LSCC during the first quarter. In the first quarter, ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. acquired a new stake in Lattice Semiconductor Corporation valued at approximately $11,374,000. RHEOS CAPITAL WORKS INC. acquired a new stake in LSCC for approximately $10,790,000. APG ASSET MANAGEMENT N.V. purchased a new stake in LSCC valued at around $10,578,000 in the second quarter. In total, there are 652 active investors with 103.33% ownership of the company’s stock.
With an opening price of $97.00 on Thursday morning, Lattice Semiconductor Corporation (NASDAQ: LSCC) set off the trading day. During the past 12 months, Lattice Semiconductor Corporation has had a low of $44.53 and a high of $98.18. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 3.70, and a quick ratio of 2.50. According to the stock market information, the enterprise value for the company is $12.35B, which is based on a 61.42 price-to-earnings ratio, a 4.09 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for LSCC is $90.62 and a two-hundred day moving average price translates $82.23 for the stock.
The latest earnings results from Lattice Semiconductor Corporation (NASDAQ: LSCC) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.51 by 0.01. This compares to $0.32 EPS in the same period last year. The net profit margin was 28.30% and return on equity was 40.60% for LSCC. The company reported revenue of $190.08 million for the quarter, compared to $161.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.79 percent. For the current quarter, analysts expect LSCC to generate $192.12M 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 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 markets. Lattice Semiconductor Corporation was incorporated in 1983 and is headquartered in Hillsboro, Oregon.
