Lattice Semiconductor Corporation (NASDAQ:LSCC) saw a downside of -2.46% to $90.88 after subtracting -$2.29 on Tuesday. The 5-day average trading volume is 1,562,066 shares of the company’s common stock. It has gained $94.09 in the past week and touched a new high 2 times within the past 5 days. An average of 1,826,236 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,090,854.
LSCC’s 1-month performance is -4.58% or -$0.97 on its low of $84.70 reached on 07/26/23. The company’s shares have touched a 52-week low of $44.53 and high of $98.18, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, LSCC has achieved 40.07% or $25.80 and has reached a new high 26 times. However, the current price is down -7.44% from the 52-week high price.
Insider Transactions
LSCC stock investors last saw insider trading activity on Aug 04.NELSON MARK JON (SVP, Sales) most recently sold 946 shares at $90.50 per share on Aug 04. This transaction cost the insider $85,613. President, CEO, ANDERSON JAMES ROBERT, sold 8,880 shares at a price of $82.91 on Jun 02. Then, on May 23, SVP, R&D Douglass Stephen sold 2,182 shares at a price of $82.68 per share. This transaction amounted to $180,397.
Valuation Metrics
LSCC stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 16.99 while the price-to-book (PB) in the most recent quarter is 21.79, with the price to cash flow ratio at 52.28.
Lattice Semiconductor Corporation’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 3.70. In terms of profitability, the gross margin trailing 12 months is 69.40%. The trailing 12-month EBITDA margin is 34.26% while for the period ending June 29, Lattice Semiconductor Corporation’s operating margin was 29.80%. The firm’s gross profit as reported stood at $452.05 million against revenue of $660.36 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 12.07% to $50.64 million, while revenue of $55.92 million was -10.43% off the previous quarter. Analysts expected LSCC to announce $0.51 per share in earnings in its latest quarter, but it posted $0.52, representing a 2.00% surprise. EBITDA for the quarter stood at more than $63.22 million. LSCC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 184.31 million, with total debt at $60.61 million. Shareholders hold equity totaling $137.84 million.
Let’s look briefly at Lattice Semiconductor Corporation (LSCC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 48.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.99%.
The stock’s 5-day moving average is $91.74, reflecting a -2.47% or -$2.30 change from its current price. LSCC is currently trading -3.13% above its 20-day SMA, +1.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.52% and SMA200 by+91.15%.
Stochastic %K and %D was 63.05% and 57.23% and the average true range (ATR) pointed at 3.75. The RSI (14) points at 49.87%, while the 14-day stochastic is at 63.68% with the period’s ATR at 3.76. The stock’s 9-day MACD Oscillator is pointing at 0.75 and 2.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lattice Semiconductor Corporation (NASDAQ: LSCC), Raymond James launched coverage with a Mkt perform rating. Analysts offering their rating for LSCC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LSCC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is LSCC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $82.00 and a high of $110.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Lattice Semiconductor Corporation (LSCC) stock is $101.42.
