Lattice Semiconductor Corp. (NASDAQ: LSCC) stock jumped 2.84% on Monday to $59.72 against a previous-day closing price of $58.07. With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.16 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $60.07 whereas the lowest price it dropped to was $57.70. The 52-week range on LSCC shows that it touched its highest point at $98.30 and its lowest point at $51.96 during that stretch. It currently has a 1-year price target of $77.27. Beta for the stock currently stands at 1.23.
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 8.86%, but this was down by -18.33% over a month. Three-month performance dropped to -34.43% while six-month performance fell -28.90%. The stock lost -10.26% in the past year, while it has lost -7.95% so far this year. A look at the trailing 12-month EPS for LSCC yields 1.52 with Next year EPS estimates of 2.00. For the next quarter, that number is 0.45. This implies an EPS growth rate of 14.70% for this year and -0.49% for next year.
Float and Shares Shorts:
At present, 137.10 million LSCC shares are outstanding with a float of 136.37 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.72 million, which was 8.49% higher than short shares on Sep 28, 2023. In addition to Mr. James Robert Anderson as the firm’s President, CEO & Director, Ms. Sherri R. Luther serves as its CFO & Senior VP.
Through their ownership of 103.33% of LSCC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 74.59% of LSCC, in contrast to 33.71% held by mutual funds. Shares owned by individuals account for 3.62%. As the largest shareholder in LSCC with 10.40% of the stake, Fidelity Management & Research Co holds 14,337,697 shares worth 14,337,697. A second-largest stockholder of LSCC, BlackRock Fund Advisors, holds 13,795,515 shares, controlling over 10.01% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in LSCC, holding 13,754,148 shares or 9.98% stake. With a 3.13% stake in LSCC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,316,080 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.09% of LSCC stock, is the second-largest Mutual Fund holder. It holds 4,256,676 shares valued at 236.71 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in LSCC, owning 3,554,913 shares worth 197.69 million.
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 $99.00 and a low target of $60.00, the average target price over the next 12 months is $77.27. Based on these targets, LSCC could surge 65.77% to reach the target high and rise by 0.47% to reach the target low. Reaching the average price target will result in a growth of 29.39% from current levels.
Summary of Insider Activity:
Insiders traded LSCC stock several times over the past three months with 1 Buys and 9 Sells. In these transactions, 21,918 shares were bought while 88,464 shares were sold. The number of buy transactions has increased to 111 while that of sell transactions has risen to 150 over the past year. The total number of shares bought during that period was 1,216,719 while 1,057,221 shares were sold.