Lattice Semiconductor Corporation (NASDAQ: LSCC) stock fell -0.70% on Monday to $86.84 against a previous-day closing price of $87.45. With 1.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.65 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $87.87 whereas the lowest price it dropped to was $86.11. The 52-week range on LSCC shows that it touched its highest point at $98.30 and its lowest point at $44.53 during that stretch. It currently has a 1-year price target of $103.38. Beta for the stock currently stands at 1.27.
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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 down-trending over the past week, with a drop of -3.50%, but this was up by 0.31% over a month. Three-month performance dropped to -2.05% while six-month performance fell -2.93%. The stock gained 71.01% in the past year, while it has gained 33.85% so far this year. A look at the trailing 12-month EPS for LSCC yields 1.46 with Next year EPS estimates of 2.44. For the next quarter, that number is 0.52. This implies an EPS growth rate of 88.40% for this year and 17.11% 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 33.30%.
Float and Shares Shorts:
At present, 137.74 million LSCC shares are outstanding with a float of 136.13 million shares on hand for trading. On Aug 30, 2023, short shares totaled 10.04 million, which was 7.28% higher than short shares on Jul 30, 2023. In addition to Mr. James Robert Anderson as the firm’s Pres, CEO & Director, Ms. Sherri R. Luther serves as its CFO & Sr. VP.
Institutional Ownership:
Through their ownership of 103.33% of LSCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 73.58% of LSCC, in contrast to 33.60% held by mutual funds. Shares owned by individuals account for 3.65%. As the largest shareholder in LSCC with 10.11% of the stake, BlackRock Fund Advisors holds 13,935,912 shares worth 13,935,912. A second-largest stockholder of LSCC, The Vanguard Group, Inc., holds 13,883,415 shares, controlling over 10.07% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in LSCC, holding 13,533,724 shares or 9.82% stake. With a 3.22% stake in LSCC, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 4,443,585 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.10% of LSCC stock, is the second-largest Mutual Fund holder. It holds 4,271,776 shares valued at 415.47 million. Vanguard Small Cap Index Fund holds 2.60% of the stake in LSCC, owning 3,585,154 shares worth 348.69 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 Jun 30, 2023, LSCC reported revenue of $161.37M and operating income of $46.98M. The EBITDA in the recently reported quarter was $53.83M and diluted EPS was $0.32.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LSCC since 0 analysts follow the stock currently. 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 $110.00 and a low target of $82.00, the average target price over the next 12 months is $102.89. Based on these targets, LSCC could surge 26.67% to reach the target high and fall by -5.57% to reach the target low. Reaching the average price target will result in a growth of 18.48% 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.
Summary of Insider Activity:
Insiders traded LSCC stock several times over the past three months with 28 Buys and 35 Sells. In these transactions, 108,964 shares were bought while 130,168 shares were sold. The number of buy transactions has increased to 136 while that of sell transactions has risen to 182 over the past year. The total number of shares bought during that period was 1,329,743 while 1,147,096 shares were sold.
