TD Cowen has recently reiterated Lattice Semiconductor Corp (LSCC) stock to Buy rating, as announced on November 5, 2024, according to Finviz. Earlier, on September 17, 2024, Stifel had raised the stock from a Hold to Buy, setting a price target of $55. Raymond James also raised Outperform rating with a price target of $50. Additionally, TD Cowen reiterated Buy rating on July 30, 2024, with a target price of $60. BofA Securities analysts, in their report published on July 30, 2024, also reduced Underperform rating and set a price target of $83 for Lattice Semiconductor Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Lattice Semiconductor Corp (LSCC) Stock Trading Recap
On Monday, Lattice Semiconductor Corp (LSCC) stock saw a decline, ending the day at $52.56 which represents a decrease of $-1.97 or -3.61% from the prior close of $54.53. The stock opened at $54.07 and touched a low of $51.69 during the day, reaching a high of $54.33. The volume of shares traded was 2.06 million falling short of the average volume of 2.67 million.
LSCC Stock Performance and Moving Averages
In recent trading, Lattice Semiconductor Corp (LSCC) stock price has shown some volatility, fluctuating 1.29% over the last five trades and 0.94% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -25.75%, and it has gained 10.07% in the previous three months. Currently, LSCC is trading at -0.27%, 3.46%, and -15.02% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, LSCC, a Technology sector stock, is trading -38.66% below its 52-week high but remains 29.30% above its 52-week low. The Average True Range (ATR) (14 days) of 2.4 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Lattice Semiconductor Corp’s Profitability and Valuation Ratios
Lattice Semiconductor Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 18.04% and a profit margin of 25.48%, with a gross margin of -25.75%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Lattice Semiconductor Corp’s market capitalization stands at $7.18 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 50.93, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 49.47. Additionally, the Price-to-Sales Ratio is 12.77, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 10.3, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.19% of Lattice Semiconductor Corp (LSCC)’s shares, while financial institutions hold 108.76%.
Notable insider trades include Luther Sherri R, SVP, CFO at Lattice Semiconductor Corp (LSCC), who sold 20632 shares on Aug 20 ’24, at $48.89 each, totaling $1.01 million. On May 23 ’24, ANDERSON JAMES ROBERT, President, CEO, sold 44231 shares for $76.27 each, amounting to $3.37 million. Additionally, on May 22 ’24, ANDERSON JAMES ROBERT sold 30000 shares at $75.12 each, generating $2.25 million.
