Get in on Lattice Semiconductor Corporation’s (LSCC) buy-in window today!

Lattice Semiconductor Corporation (NASDAQ: LSCC) stock fell -0.80% on Friday to $64.55 against a previous-day closing price of $65.07. With 1.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $65.15 whereas the lowest price it dropped to was $63.21. The 52-week range on LSCC shows that it touched its highest point at $85.45 and its lowest point at $43.41 during that stretch. It currently has a 1-year price target of $72.12. Beta for the stock currently stands at 1.19.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LSCC was up-trending over the past week, with a rise of 7.33%, but this was up by 40.48% over a month. Three-month performance surged to 21.52% while six-month performance rose 12.20%. The stock gained 11.24% in the past year, while it has lost -16.23% so far this year. A look at the trailing 12-month EPS for LSCC yields 0.80 with Next year EPS estimates of 1.88. For the next quarter, that number is 0.40. This implies an EPS growth rate of 101.20% for this year and 18.38% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 28.40%.

Float and Shares Shorts:

At present, 137.50 million LSCC shares are outstanding with a float of 135.26 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.33 million, which was 2.42% higher than short shares on Jun 14, 2022. In addition to Mr. James Robert Anderson as the firm’s Pres, CEO & Director, Ms. Sherri R. Luther serves as its CFO & Corp. VP.

Institutional Ownership:

Through their ownership of 105.58% of LSCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.31% of LSCC, in contrast to 31.26% held by mutual funds. Shares owned by individuals account for 3.61%. As the largest shareholder in LSCC with 11.43% of the stake, BlackRock Fund Advisors holds 15,734,898 shares worth 15,734,898. A second-largest stockholder of LSCC, The Vanguard Group, Inc., holds 13,774,696 shares, controlling over 10.01% of the firm’s shares. Artisan Partners LP is the third largest shareholder in LSCC, holding 9,588,605 shares or 6.97% stake. With a 2.95% stake in LSCC, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 4,053,045 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.88% of LSCC stock, is the second-largest Mutual Fund holder. It holds 3,966,516 shares valued at 192.38 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in LSCC, owning 3,477,656 shares worth 168.67 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jul 01, 2022, LSCC reported revenue of $161.37M and operating income of $46.98M. Over the past year, revenue came in at $585.59M while operating income stood at $141.40M. It generated $44.53M net income for the quarter, which came to $135.88M over the last twelve months. The EBITDA in the recently reported quarter was $52.13M and diluted EPS was $0.32. EBITDA for the full year was $173.65M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LSCC since 10 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LSCC analysts setting a high price target of $95.00 and a low target of $58.00, the average target price over the next 12 months is $75.13. Based on these targets, LSCC could surge 47.17% to reach the target high and fall by -10.15% to reach the target low. Reaching the average price target will result in a growth of 16.39% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LSCC will report FY 2022 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $1.70 being high and $1.66 being low. For LSCC, this leads to a yearly average estimate of $1.67. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Lattice Semiconductor Corporation surprised analysts by $0.02 when it reported $0.42 EPS against a consensus estimate of $0.40. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is $0.43. The average estimate for the next quarter is thus $0.44.

Summary of Insider Activity:

Insiders traded LSCC stock several times over the past three months with 27 Buys and 29 Sells. In these transactions, 170,378 shares were bought while 173,885 shares were sold. The number of buy transactions has increased to 106 while that of sell transactions has risen to 146 over the past year. The total number of shares bought during that period was 1,780,581 while 1,532,419 shares were sold.

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