Stocks of Lattice Semiconductor Corp. (NASDAQ:LSCC) traded higher last session on Wall Street, down -3.32% to $76.38.
According to the data, Lattice Semiconductor Corp. (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 $110.00 and a low of $82.00, we find $105.00. Given the previous closing price of $79.00, this indicates a potential upside of 32.91 percent. LSCC stock price is now -14.27% away from the 50-day moving average and -10.33% away from the 200-day moving average. The market capitalization of the company currently stands at $10.53B.
A total of 5 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $102.10 as their price target over the next twelve months.
With the price target of $95, BofA Securities recently initiated with Neutral rating for Lattice Semiconductor Corp. (NASDAQ: LSCC).
In other news, ABRAMS ROBIN ANN, Director sold 10,000 shares of the company’s stock on Sep 21. The stock was sold for $835,263 at an average price of $83.53. Upon completion of the transaction, the Director now directly owns 10,144 shares in the company, valued at $0.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, SVP, CFO Luther Sherri R sold 7,500 shares of the business’s stock. A total of $680,558 was realized by selling the stock at an average price of $90.74. This leaves the insider owning 127,810 shares of the company worth $9.76 million. Insiders disposed of 1,138,155 shares of company stock worth roughly $86.93 million over the past 1 year. A total of 1.21% 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 Corp. shares was purchased by TIMESSQUARE CAPITAL MANAGEMENT, LLC during the first quarter worth $33,933,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC invested $30,320,000 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 Corp. valued at approximately $9,661,000. RHEOS CAPITAL WORKS INC. acquired a new stake in LSCC for approximately $9,166,000. APG ASSET MANAGEMENT N.V. purchased a new stake in LSCC valued at around $8,985,000 in the second quarter. In total, there are 652 active investors with 106.26% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $78.71 for Lattice Semiconductor Corp. (NASDAQ: LSCC). During the past 12 months, Lattice Semiconductor Corp. has had a low of $44.53 and a high of $98.30. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 3.75, and a quick ratio of 2.53. According to the stock market information, the enterprise value for the company is $10.85B, which is based on a 52.15 price-to-earnings ratio, a 3.48 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for LSCC is $88.92 and a two-hundred day moving average price translates $85.21 for the stock.
The latest earnings results from Lattice Semiconductor Corp. (NASDAQ: LSCC) was released for Jun, 2023. The net profit margin was 28.34% and return on equity was 40.53% 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.
Lattice Semiconductor Corp.(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.
