The Vanguard Group, Inc. recently announced the acquisition of new stake in Lattice Semiconductor Corporation (NASDAQ:LSCC). The institutional investor has increased its shareholding in the Technology company by 1.89% to 13.86 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 10.09% valued currently at $1.18 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.34 million to 13.03 million shares. And Fidelity Management & Research Co has lifted its position by 172.54% or 4.65 million shares – to 7.35 million shares.
With over 2.82 million Lattice Semiconductor Corporation (LSCC) shares trading Tuesday and a closing price of $92.48 on the day, the dollar volume was approximately $261.2 million. The shares have shown a positive half year performance of 69.66% and its price on 03/14/23 gained nearly 5.02%. Currently, there are 137.09M common shares owned by the public and among those 134.68M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for LSCC have a consensus price objective of $95.28. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $71.00. The average price target is 2.94% above its recent price level and a downside to the estimated low will see the stock lose -30.25% over that period. But an upside of 15.93% will see the stock hit the forecast high price target while median target price for the stock is $95.50.
Insiders at the company have transacted a total of 288 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 127 of these insider trades were purchases, accounting for 1,417,943 shares. Insider sales of the common stock occurred on 161 occasions, with total insider shares sold totaling 961,118 shares.
The top 3 mutual fund holders in Lattice Semiconductor Corporation are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Mid Cap ETF owns 4.28 million shares of the company’s stock, all valued at over $363.45 million. The company bought an additional 9696.0 shares recently to bring their total holdings to about 3.11% of the shares outstanding. Vanguard Total Stock Market Index bought 33487.0 shares to see its total holdings expand to 4.2 million shares valued at over $356.51 million and representing 3.05% of the shares outstanding. Vanguard Small Cap Index Fund bought 19430.0 shares to bring its total holdings to over 3.55 million shares at a value of $301.69 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.59% of the shares outstanding.
Shares of Lattice Semiconductor Corporation (NASDAQ: LSCC) opened at $89.95, up $1.89 from a prior closing price of $88.06. However, the script later moved the day high at 93.91, up 5.02%. The company’s stock has a 5-day price change of 5.08% and 31.66% over the past three months. LSCC shares are trading 42.54% year to date (YTD), with the 12-month market performance up to 71.70% higher. It has a 12-month low price of $43.41 and touched a high of $93.35 over the same period. LSCC has an average intraday trading volume of 1.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.64%, 17.21%, and 49.07% respectively.
Institutional ownership of Lattice Semiconductor Corporation (NASDAQ: LSCC) 137.09M shares outstanding. Mutual fund holders own 31.92%, while other institutional holders and individual stakeholders account for 68.82% and 3.71% respectively.
It has a market capitalization of $13.07B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 72.53, while the earnings-per-share (ttm) stands at $1.27. The company has a PEG of 4.84 and a Quick Ratio of 2.10 with the debt-to-equity ratio at 0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.66% over the week and 4.01% over the month.
Analysts forecast that Lattice Semiconductor Corporation (LSCC) will achieve an EPS of $0.48 for the current quarter, $0.47 for the next quarter and $2.01 for 2023. The lowest estimate earnings-per-share for the quarter is $0.47 while analysts give the company a high EPS estimate of $0.49. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to increase by 88.40%, and 16.76% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 33.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Lattice Semiconductor Corporation (LSCC) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the LSCC, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on September 08, 2022, with the firm’s price target at $60. Susquehanna coverage for the Lattice Semiconductor Corporation (LSCC) stock in a research note released on May 24, 2022 offered a Positive rating with a price target of $65. Rosenblatt was of a view on November 03, 2021 that the stock is Buy, while KeyBanc Capital Markets gave the stock Overweight rating on November 03, 2021, issuing a price target of $72- $80. Craig Hallum on their part issued Hold rating on November 03, 2021.
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