Lattice Semiconductor Corporation (NASDAQ:LSCC) finished Thursday with a subtraction of -$2.66 to close at $87.65, a downside of -2.95 percent. An average of 1,590,340 shares of common stock have been traded in the last five days. There was a fall of -$3.34 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 1,897,155 shares traded, while the 50-day average volume stands at 2,023,668.
LSCC stock has decreased by -8.27% in the last month. The company shares reached their 1-month lowest point of $84.70 on 07/26/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $44.53 and a high of $98.18 in 52 weeks. It has reached a new high 26 times so far this year and achieved 35.10% or $22.77 in price. In spite of this, the price is down -10.73% from the 52-week high.
Insider Transactions
LSCC stock investors should be aware that Lattice Semiconductor Corporation (LSCC) stock had its last reported insider trading activity 7 days ago on Aug 04. In this transaction, the insider spent $85,613. President, CEO, ANDERSON JAMES ROBERT, disposed of 8,880 shares at a price of $82.91 on Jun 02. The insider now owns more than $736,273 worth of shares. Prior to that, SVP, R&D Douglass Stephen went on to Sale 2,182 shares at $82.68 each on May 23. An amount of $180,397 was transacted.
Valuation Metrics
Lattice Semiconductor Corporation (LSCC) has a trailing price-to-earnings (P/E) ratio of 59.87. The stock’s beta is 1.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.39, the price-to-book (PB) ratio at 21.02, and the price-to-cash flow ratio at 50.43.
Financial Health
The quick ratio of Lattice Semiconductor Corporation for the three months ended June 29 was 2.50, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Lattice Semiconductor Corporation’s EBITDA margin for the year ending June 29 is 34.26%, while its operating margin for the same period stands at 29.80%. Its gross profit as reported stood at $452.05 million compared to revenue of $660.36 million.
Earnings Surprise
For the three-month period that ended June 29, Lattice Semiconductor Corporation had $43.89 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 $50.64 million in the quarter, while revenues of $55.92 million were grew 12.07%. The analyst consensus anticipated Lattice Semiconductor Corporation’s latest quarter earnings to come in at $0.51 per share, but it turned out to be $0.52, a 2.00% surprise. For the quarter, EBITDA amounted to $63.22 million. Shareholders own equity worth $137.84 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 10 August was 39.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.64%.
As of today, LSCC’s price is $90.98 -3.67% or -$3.34 from its 5-day moving average. LSCC is currently trading -8.63% lower than its 20-day SMA and -2.02% lower than its 100-day SMA. However, the stock’s current price level is +3.81% above the SMA50 and +77.03% above the SMA200.
The stochastic %K and %D were 53.11% and 60.79%, respectively, and the average true range (ATR) was 3.69. With the 14-day stochastic at 31.42% and the average true range at 3.72, the RSI (14) stands at 44.44%. The stock has reached -1.53 on the 9-day MACD Oscillator while the 14-day reading was at -0.46.
Analyst Ratings
Raymond James launched coverage on Lattice Semiconductor Corporation (NASDAQ: LSCC) in its analyst report released on May 24, 2023. The firm assigned the stock a Mkt perform 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 $82.00 and $110.00, with a median target of $105.00. Taking a look at these predictions, the average price target given by analysts for Lattice Semiconductor Corporation (LSCC) stock is $101.42.
