How Lattice Semiconductor Corporation (LSCC) Works From A Technical Perspective

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Lattice Semiconductor Corporation (NASDAQ:LSCC) finished Friday with an addition of $0.59 to close at $64.88, an upside of 0.92 percent. An average of 975,000 shares of common stock have been traded in the last five days. There was a fall of -$1.24 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,163,470 shares traded, while the 50-day average volume stands at 1,585,584.

LSCC stock has decreased by -10.92% in the last month. The company shares reached their 1-month lowest point of $62.28 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $43.41 and a high of $79.22 in 52 weeks. It has reached a new high 2 times so far this year and lost -15.81% or -$12.18 in price. In spite of this, the price is down -18.10% from the 52-week high.


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Insider Transactions

LSCC stock investors should be aware that Lattice Semiconductor Corporation (LSCC) stock had its last reported insider trading activity 16 days ago on Dec 15. In this transaction, the insider spent $338,666. President & CEO, ANDERSON JAMES ROBERT, disposed of 26,034 shares at a price of $70.36 on Dec 12. The insider now owns more than $1,831,642 worth of shares. Prior to that, SVP, Mfg Ops O’Rourke Glenn went on to Sale 360 shares at $67.50 each on Nov 22. An amount of $24,300 was transacted.

Valuation Metrics

Lattice Semiconductor Corporation (LSCC) has a trailing price-to-earnings (P/E) ratio of 58.71. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.16, the price-to-book (PB) ratio at 20.15, and the price-to-cash flow ratio at 46.02.

Financial Health

The quick ratio of Lattice Semiconductor Corporation for the three months ended September 29 was 2.20, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.34 for the quarter ending September 29. Its gross profit as reported stood at $321.68 million compared to revenue of $515.33 million.

Earnings Surprise

For the three-month period that ended September 29, Lattice Semiconductor Corporation had $148.69 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $46.36 million in the quarter, while revenues of $44.53 million were grew 42.32%. The analyst consensus anticipated Lattice Semiconductor Corporation’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.48, a 9.10% surprise. For the quarter, EBITDA amounted to $57.66 million. Shareholders own equity worth $137.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lattice Semiconductor Corporation (LSCC) price momentum. RSI 9-day as of the close on 30 December was 42.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.21%.

As of today, LSCC’s price is $64.38 -1.88% or -$1.24 from its 5-day moving average. LSCC is currently trading -8.71% lower than its 20-day SMA and +5.72% higher than its 100-day SMA. However, the stock’s current price level is +36.76% above the SMA50 and +10.77% above the SMA200.

The stochastic %K and %D were 11.31% and 7.90%, respectively, and the average true range (ATR) was 2.70. With the 14-day stochastic at 18.29% and the average true range at 2.74, the RSI (14) stands at 46.33%. The stock has reached -1.70 on the 9-day MACD Oscillator while the 14-day reading was at -3.93.

Analyst Ratings

Stifel launched coverage on Lattice Semiconductor Corporation (NASDAQ: LSCC) in its analyst report released on September 08, 2022. The firm assigned the stock a Hold rating. The consensus rating for Lattice Semiconductor Corporation (LSCC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LSCC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.

What is LSCC’s price target for the next 12 months?

Analysts predict a range of price targets between $50.00 and $95.00, with a median target of $75.45. Taking a look at these predictions, the average price target given by analysts for Lattice Semiconductor Corporation (LSCC) stock is $73.69.

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