Lattice Semiconductor Corp. (NASDAQ:LSCC) finished Friday with an addition of $1.29 to close at $85.93, an upside of 1.52 percent. An average of 1,145,620 shares of common stock have been traded in the last five days. There was a gain of $3.21 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,352,105 shares traded, while the 50-day average volume stands at 1,568,684.
LSCC stock has decreased by -9.45% in the last month. The company shares reached their 1-month lowest point of $81.84 on 09/27/23. With the stock rallying to its 52-week high on 08/31/23, shares of the company touched a low of $44.53 and a high of $98.30 in 52 weeks. It has reached a new high 27 times so far this year and achieved 32.44% or $21.05 in price. In spite of this, the price is down -12.58% from the 52-week high.
Insider Transactions
LSCC stock investors should be aware that Lattice Semiconductor Corp. (LSCC) stock had its last reported insider trading activity 9 days ago on Sep 21. In this transaction, the insider spent $835,263. SVP, CFO, Luther Sherri R, disposed of 7,500 shares at a price of $90.74 on Sep 14. The insider now owns more than $680,558 worth of shares. Prior to that, SVP, CFO Luther Sherri R went on to Sale 8,417 shares at $91.80 each on Sep 07. An amount of $772,654 was transacted.
Valuation Metrics
Lattice Semiconductor Corp. (LSCC) has a trailing price-to-earnings (P/E) ratio of 58.67. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.39, the price-to-book (PB) ratio at 20.61, and the price-to-cash flow ratio at 50.24.
Financial Health
The quick ratio of Lattice Semiconductor Corp. for the three months ended June 29 was 2.53, and the current ratio was 3.75, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.11 for the quarter ending June 29. Its gross profit as reported stood at $452.05 million compared to revenue of $660.36 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lattice Semiconductor Corp.’s return on assets was 27.38%.
Earnings Surprise
For the three-month period that ended June 29, Lattice Semiconductor Corp. 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 Corp.’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 Corp. (LSCC) price momentum. RSI 9-day as of the close on 29 September was 47.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.00%.
As of today, LSCC’s price is $84.12 +3.88% or $3.21 from its 5-day moving average. LSCC is currently trading -11.65% lower than its 20-day SMA and +1.60% higher than its 100-day SMA. However, the stock’s current price level is -0.12% below the SMA50 and +19.40% above the SMA200.
The stochastic %K and %D were 26.46% and 17.23%, respectively, and the average true range (ATR) was 2.74. With the 14-day stochastic at 39.35% and the average true range at 2.90, the RSI (14) stands at 45.57%. The stock has reached 0.58 on the 9-day MACD Oscillator while the 14-day reading was at -1.18.
Analyst Ratings
BofA Securities launched coverage on Lattice Semiconductor Corp. (NASDAQ: LSCC) in its analyst report released on September 29, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Lattice Semiconductor Corp. (LSCC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LSCC, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 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 Corp. (LSCC) stock is $102.10.
