Lattice Semiconductor Corporation (NASDAQ:LSCC) finished Wednesday with an addition of $4.25 to close at $95.33, an upside of 4.67 percent. An average of 1,510,920 shares of common stock have been traded in the last five days. There was a gain of $8.34 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 1,785,270 shares traded, while the 50-day average volume stands at 1,729,530.
LSCC stock has increased by 6.61% in the last month. The company shares reached their 1-month lowest point of $84.46 on 08/14/23. 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 46.93% or $30.45 in price. In spite of this, the price is down -2.90% 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 2 days ago on Aug 22. In this transaction, the insider spent $3,483,449. SVP, R&D, Douglass Stephen, disposed of 1,606 shares at a price of $92.63 on Aug 22. The insider now owns more than $148,764 worth of shares. Prior to that, SVP, Sales NELSON MARK JON went on to Sale 805 shares at $87.75 each on Aug 21. An amount of $70,639 was transacted.
Valuation Metrics
Lattice Semiconductor Corporation (LSCC) has a trailing price-to-earnings (P/E) ratio of 65.12. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.99, the price-to-book (PB) ratio at 22.86, and the price-to-cash flow ratio at 55.36.
Financial Health
The quick ratio of Lattice Semiconductor Corporation for the recent quarter 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 0.08 for the recent quarter. Lattice Semiconductor Corporation’s EBITDA margin 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 recent quarter, 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%. 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 23 August was 67.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.98%.
As of today, LSCC’s price is $90.33 +9.59% or $8.34 from its 5-day moving average. LSCC is currently trading +12.14% higher than its 20-day SMA and +0.88% higher than its 100-day SMA. However, the stock’s current price level is +9.32% above the SMA50 and +89.15% above the SMA200.
The stochastic %K and %D were 77.34% and 58.35%, respectively, and the average true range (ATR) was 3.39. With the 14-day stochastic at 93.38% and the average true range at 3.44, the RSI (14) stands at 60.81%. The stock has reached 3.66 on the 9-day MACD Oscillator while the 14-day reading was at 2.91.
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.
