As of Thursday close, Lattice Semiconductor Corporation’s (NASDAQ:LSCC) stock was down -$1.74, moving down -2.06 percent to $82.87. The average number of shares traded per day over the past five days has been 1,779,680 shares. 1 time new highs have been achieved over the past 5 days, with a -$9.27 fall in that time frame. In the last twenty days, the average volume was 1,486,735, while in the previous 50 days, it was 1,649,814.
Since last month, LSCC stock retreated -9.01%. Shares of the company fell to $82.55 on 09/21/23, the lowest level in the past month. A 52-week high of $98.30 was reached on 08/31/23 after having rallying from a 52-week low of $44.53. Since the beginning of this year, LSCC’s stock price has risen by 27.73% or $17.99, and marked a new high 27 times. However, the stock has declined by -15.70% since its 52-week high.
LSCC stock investors should be aware that Lattice Semiconductor Corporation (LSCC) stock had its last reported insider trading activity 8 days ago on Sep 14. Luther Sherri R, the SVP, CFO of the company, disposed of 7,500 shares for $90.74 on Sep 14. It resulted in a $680,558 divestment by the insider. Luther Sherri R sold 8,417 shares at an average price of $91.80 on Sep 07. The insider now owns 135,310 shares following the transaction. On Aug 22, President, CEO ANDERSON JAMES ROBERT sold 37,812 shares at $92.13 apiece. The transaction was valued at $3,483,449.
Valuation Metrics
Right now, Lattice Semiconductor Corporation (LSCC) has a P/E ratio of about 56.61. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 16.65, the price-to-book (PB) ratio of 19.87, and the price-to-cash flow ratio of 51.24 may also be considered.
Financial Health
In the three months ended June 29, Lattice Semiconductor Corporation’s quick ratio stood at 2.50, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.08, and the total debt-to-equity ratio was 0.08. On the profitability front, the trailing twelve-month gross margin is 69.40% percent. In the year ended June 29, EBITDA margin amounted to 34.26%, whereas operating margins totaled 29.80%. Based on annual data, LSCC earned $452.05 million in gross profit and brought in $660.36 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 29.90%. Return on equity (ROE) for the past 12 months was 40.60%.
In Lattice Semiconductor Corporation’s quarter-end financial report for June 29, it reported total debt of $43.89 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LSCC’s revenue rose 15.34% to $183.6 million during the quarter, while net income inched up to $189.56 million. While analysts expected Lattice Semiconductor Corporation to report $0.51 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by 2.00%. During the quarter, the company generated $63.22 million in EBITDA. The liabilities of Lattice Semiconductor Corporation were 184.31 million at the end of its most recent quarter ended June 29, and its total debt was $60.61 million. The value of shareholders’ equity is $137.84 million.
Technical Picture
This quick technical analysis looks at Lattice Semiconductor Corporation’s (LSCC) price momentum. With a historical volatility rate of 30.73%, the RSI 9-day stood at 27.75% on 21 September.
With respect to its five-day moving average, the current Lattice Semiconductor Corporation price is down by -10.06% percent or -$9.27. At present, LSCC shares trade -13.07% below its 20-day simple moving average and +3.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.27% below its SMA50 and +16.42% above its SMA200.
Stochastic coefficient K was 3.62% and Stochastic coefficient D was 5.07%, while ATR was 2.96. Given the Stochastic reading of 2.07% for the 14-day period, the RSI (14) reading has been calculated as 35.18%. As of today, the MACD Oscillator reading stands at -3.11, while the 14-day reading stands at -5.56.
Analyst Ratings
Raymond James launched its rating on Lattice Semiconductor Corporation (NASDAQ: LSCC) to a Mkt perform in a note to investors on May 24, 2023. Lattice Semiconductor Corporation (LSCC) has been rated Overweight by analysts. According to 0 brokerage firms, LSCC is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Lattice Semiconductor Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $105.00, the current consensus forecast for the stock is $82.00 – $110.00. Based on these forecasts, analysts predict Lattice Semiconductor Corporation (LSCC) will achieve an average price target of $102.89.
