T. Rowe Price Associates, Inc. has recently announced that it has increased stake in Lattice Semiconductor Corporation (NASDAQ:LSCC) by 33.87%. After grabbing 11.91 million shares, the institutional investor is now in possession of 3.01 million shares of the Technology Company. The new investment brought the stake of investor firm to 8.67% having worth around $577.73 million. Moreover, Artisan Partners LP increased its share by 0.24 million to have a control over 9.94 million shares. And Neuberger Berman Investment Advis raised its holdings to 0.3 million shares by acquiring 6.79 million shares or 4.95% of the stake.
Lattice Semiconductor Corporation (LSCC) concluded trading on 11/17/22 at a closing price of $66.55, with 5.18 million shares of worth about $344.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.96% during that period and on Thursday the price saw a gain of about 0.94%. Currently the company’s common shares owned by public are about 137.27M shares, out of which, 134.64M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 11 analysts are covering the LSCC stock and their offered price forecasts bring an average price target of $70.33. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $95.00 and could fall to a lowest price of $50.00. The stock’s current price level is -1.28% below of average price target set by the analysts, while a dip to estimated low would result in loss of -33.1% for the stock. However, touching the estimated high of $95.00 would mean a gain of 29.95% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 247 times over the past 12 months. They bought 1,556,484 shares in 105 of the transactions. In 142 selling transactions, insiders dumped 1,303,680 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Lattice Semiconductor Corporation iShares Core S&P Mid Cap ETF is currently holding 4.13 million shares of worth totaling $200.18 million. The company recently came buying 1604.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 24163.0 shares, after which its hold over company’s outstanding shares expand to 3.00%, leaving 4.12 million shares with the mutual fund that have a worth of about $199.86 million. Vanguard Small Cap Index Fund, after selling 3.49 million shares, have now control over 2.54% of the stake in the company. It holds 6450.0 shares of worth $169.13 million.
Lattice Semiconductor Corporation (NASDAQ: LSCC) started trading at $64.32, below -$1.61 from concluding price of the previous day. However, the stock later moved at a day high price of 67.22, or with a gain of 0.94%. Stock saw a price change of 6.92% in past 5 days and over the past one month there was a price change of 40.28%. Year-to-date (YTD), LSCC shares are showing a performance of -13.64% which decreased to -19.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.41 but also hit the highest price of $85.45 during that period. The average intraday trading volume for Lattice Semiconductor Corporation shares is 1.52 million. The stock is currently trading 21.64% above its 20-day simple moving average (SMA20), while that difference is up 27.44% for SMA50 and it goes to 23.21% higher than SMA200.
T. Rowe Price Associates, Inc. acquired 11.91 million shares of Lattice Semiconductor Corporation having value of about $577.73 million. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 3.01 million shares in the company valued at close to $200532053.7, or have control over 33.87% stake in the company. Holding of mutual funds in the company is about 32.90% while other institutional holders and individual stake holders have control over 65.77% and 3.66% of the stake respectively.
The stock has a current market capitalization of $8.78B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 60.23, while it has posted earnings per share of $1.10 in the same period. Its PEG reads 4.02 and has Quick Ratio of 2.20 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LSCC, volatility over the week remained 4.81% while standing at 4.78% over the month.
Analysts are in expectations that Lattice Semiconductor Corporation (LSCC) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.44 and it is $1.98 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.43 which is $0.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 101.20% while it is estimated to increase by 15.21% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 28.40% made by the stock over the past 5-years.
Analysts at 11 brokerage firms have issued recommendations for the Lattice Semiconductor Corporation (LSCC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 11 Wall Street analysts, 7 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on September 08, 2022 offering a Hold rating for the stock and assigned a target price of $60 to it. Coverage by Susquehanna stated Lattice Semiconductor Corporation (LSCC) stock as a Positive in their note to investors on May 24, 2022, suggesting a price target of $65 for the stock. On November 03, 2021, Rosenblatt Reiterated their recommendations, while on November 03, 2021, KeyBanc Capital Markets Reiterated their ratings for the stock with a price target of $80. Stock get a Hold rating from Craig Hallum on November 03, 2021.