Lattice Semiconductor Co. (NASDAQ:LSCC) Short Interest Update

Lattice Semiconductor Co. (NASDAQ:LSCC) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 12,160,000 shares, a growth of 15.5% from the August 15th total of 10,530,000 shares. Based on an average daily trading volume, of 2,730,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 8.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

LSCC has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $61.00 price objective on shares of Lattice Semiconductor in a research report on Tuesday. Stifel Nicolaus upgraded Lattice Semiconductor from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Lattice Semiconductor from $82.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Susquehanna reduced their target price on shares of Lattice Semiconductor from $85.00 to $65.00 and set a “positive” rating for the company in a report on Tuesday, July 30th. Finally, KeyCorp reduced their price objective on Lattice Semiconductor from $85.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.08.

Insider Activity at Lattice Semiconductor

In other news, SVP Mark Jon Nelson sold 1,232 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $48.98, for a total transaction of $60,343.36. Following the completion of the transaction, the senior vice president now owns 14,919 shares of the company’s stock, valued at $730,732.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lattice Semiconductor news, SVP Mark Jon Nelson sold 1,232 shares of Lattice Semiconductor stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $48.98, for a total transaction of $60,343.36. Following the transaction, the senior vice president now directly owns 14,919 shares of the company’s stock, valued at $730,732.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sherri R. Luther sold 20,632 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $48.89, for a total value of $1,008,698.48. Following the sale, the chief financial officer now owns 90,341 shares of the company’s stock, valued at $4,416,771.49. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Lattice Semiconductor

Hedge funds have recently made changes to their positions in the business. American National Bank purchased a new position in Lattice Semiconductor in the fourth quarter worth about $28,000. Rise Advisors LLC bought a new position in Lattice Semiconductor during the first quarter valued at $30,000. Principal Securities Inc. purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at $31,000. West Oak Capital LLC lifted its holdings in shares of Lattice Semiconductor by 220.0% in the 2nd quarter. West Oak Capital LLC now owns 800 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 550 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Lattice Semiconductor by 82.4% in the first quarter. GAMMA Investing LLC now owns 737 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 333 shares during the last quarter. 98.08% of the stock is currently owned by hedge funds and other institutional investors.

Lattice Semiconductor Trading Up 1.8 %

LSCC traded up $0.91 during trading on Tuesday, hitting $51.22. 3,598,456 shares of the company traded hands, compared to its average volume of 2,393,831. The company has a market cap of $7.05 billion, a PE ratio of 32.83 and a beta of 1.38. Lattice Semiconductor has a 1 year low of $40.65 and a 1 year high of $87.87. The stock’s 50-day simple moving average is $49.71 and its two-hundred day simple moving average is $63.18.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings data on Monday, July 29th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Lattice Semiconductor had a return on equity of 23.39% and a net margin of 30.26%. The firm had revenue of $124.08 million during the quarter, compared to the consensus estimate of $130.17 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was down 34.7% compared to the same quarter last year. Equities analysts expect that Lattice Semiconductor will post 0.59 EPS for the current year.

Lattice Semiconductor Company Profile

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.