Lattice Semiconductor (NASDAQ:LSCC) Sets New 12-Month High at $15.86
Lattice Semiconductor Corp (NASDAQ:LSCC) shares reached a new 52-week high on Tuesday . The stock traded as high as $15.86 and last traded at $15.50, with a volume of 137592 shares. The stock had previously closed at $15.02.
Several equities research analysts have recently weighed in on LSCC shares. Cowen decreased their price objective on shares of TherapeuticsMD from $16.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, June 11th. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Lattice Semiconductor in a research report on Monday, May 20th. Zacks Investment Research cut shares of Inflarx from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, BidaskClub cut shares of Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.39.
The company has a quick ratio of 3.06, a current ratio of 4.01 and a debt-to-equity ratio of 0.89. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 3.13 and a beta of 1.37. The stock has a fifty day simple moving average of $13.98.
In other Lattice Semiconductor news, Director Mark Edwin Jensen sold 4,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $14.38, for a total value of $57,520.00. Following the transaction, the director now directly owns 85,697 shares of the company’s stock, valued at $1,232,322.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Esam Elashmawi acquired 5,000 shares of the company’s stock in a transaction on Friday, May 31st. The stock was acquired at an average cost of $12.17 per share, for a total transaction of $60,850.00. Following the completion of the purchase, the vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $304,250. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. lifted its stake in shares of Lattice Semiconductor by 679.6% in the first quarter. Marshall Wace North America L.P. now owns 426,868 shares of the semiconductor company’s stock valued at $5,093,000 after buying an additional 372,110 shares in the last quarter. Ibex Investors LLC bought a new position in shares of Lattice Semiconductor in the first quarter valued at $175,000. Prudential Financial Inc. lifted its position in shares of Lattice Semiconductor by 14.4% during the fourth quarter. Prudential Financial Inc. now owns 30,082 shares of the semiconductor company’s stock valued at $208,000 after purchasing an additional 3,781 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Lattice Semiconductor by 34.5% during the fourth quarter. Brown Advisory Inc. now owns 112,359 shares of the semiconductor company’s stock valued at $778,000 after purchasing an additional 28,812 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Lattice Semiconductor during the first quarter valued at about $599,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
About Lattice Semiconductor (NASDAQ:LSCC)
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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