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 $1.1 billion. In addition, Fidelity Management & Research Co raised its holdings by 3.03 million to 10.38 million shares. And Franklin Advisers, Inc. has lifted its position by 3.91% or 0.1 million shares – to 2.66 million shares.
With over 2.19 million Lattice Semiconductor Corporation (LSCC) shares trading Friday and a closing price of $83.37 on the day, the dollar volume was approximately $182.71 million. The shares have shown a positive half year performance of 26.45% and its price on 05/19/23 lost nearly -1.51%. Currently, there are 137.42M common shares owned by the public and among those 134.68M shares have been available to trade.
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Insiders at the company have transacted a total of 279 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 113 of these insider trades were purchases, accounting for 1,479,910 shares. Insider sales of the common stock occurred on 166 occasions, with total insider shares sold totaling 1,159,966 shares.
The top 3 mutual fund holders in Lattice Semiconductor Corporation are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, 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 $340.87 million. The company bought an additional 15278.0 shares recently to bring their total holdings to about 3.11% of the shares outstanding. Vanguard Total Stock Market ETF bought 26810.0 shares to see its total holdings expand to 4.25 million shares valued at over $338.39 million and representing 3.09% of the shares outstanding. Vanguard Small Cap Index Fund bought 22974.0 shares to bring its total holdings to over 3.59 million shares at a value of $286.51 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.62% of the shares outstanding.
Shares of Lattice Semiconductor Corporation (NASDAQ: LSCC) opened at $84.68, up $0.03 from a prior closing price of $84.65. However, the script later moved the day high at 84.79, down -1.51%. The company’s stock has a 5-day price change of 2.16% and -4.28% over the past three months. LSCC shares are trading 28.50% year to date (YTD), with the 12-month market performance up to 70.32% higher. It has a 12-month low price of $43.41 and touched a high of $96.82 over the same period. LSCC has an average intraday trading volume of 1.86 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 -0.09%, -5.70%, and 17.98% respectively.
Institutional ownership of Lattice Semiconductor Corporation (NASDAQ: LSCC) shares accounts for 103.74% of the company’s 137.42M shares outstanding. Mutual fund holders own 32.49%, while other institutional holders and individual stakeholders account for 70.36% and 3.69% respectively.
It has a market capitalization of $11.65B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 58.75, while the earnings-per-share (ttm) stands at $1.42. The company has a PEG of 3.92 and a Quick Ratio of 2.40 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.78% over the week and 4.11% over the month.
Analysts forecast that Lattice Semiconductor Corporation (LSCC) will achieve an EPS of $0.51 for the current quarter, $0.52 for the next quarter and $2.44 for 2024. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.42 a year ago. Earnings per share for the fiscal year are expected to increase by 88.40%, and 17.89% 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.
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