Lattice Semiconductor Co. (NASDAQ:LSCC) Sees Significant Increase in Short Interest

Lattice Semiconductor Co. (NASDAQ:LSCC – Get Rating) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 5,960,000 shares, an increase of 5.3% from the April 15th total of 5,660,000 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily volume of 1,770,000 shares, the short-interest ratio is currently 3.4 days.

Lattice Semiconductor Stock Performance

Shares of LSCC opened at $83.96 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 3.59 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $11.56 billion, a PE ratio of 59.13 and a beta of 1.27. The firm has a 50-day moving average price of $88.80 and a 200 day moving average price of $77.67. Lattice Semiconductor has a 52-week low of $43.41 and a 52-week high of $96.82.

Lattice Semiconductor (NASDAQ:LSCC – Get Rating) last released its quarterly earnings results on Monday, May 1st. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $184.30 million during the quarter, compared to analyst estimates of $178.31 million. Lattice Semiconductor had a return on equity of 44.49% and a net margin of 28.63%. Lattice Semiconductor’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. On average, sell-side analysts anticipate that Lattice Semiconductor will post 1.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $83.63, for a total transaction of $3,345,200.00. Following the completion of the transaction, the chief executive officer now owns 830,766 shares in the company, valued at approximately $69,476,960.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Lattice Semiconductor news, CEO James Robert Anderson sold 40,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $83.63, for a total value of $3,345,200.00. Following the completion of the sale, the chief executive officer now directly owns 830,766 shares in the company, valued at approximately $69,476,960.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Edwin Jensen sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $94.50, for a total value of $850,500.00. Following the sale, the director now directly owns 97,841 shares in the company, valued at approximately $9,245,974.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,195 shares of company stock valued at $15,554,152. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its stake in shares of Lattice Semiconductor by 404.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 429 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 344 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Lattice Semiconductor by 47.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 643 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 206 shares during the period. Belpointe Asset Management LLC acquired a new stake in Lattice Semiconductor during the 4th quarter worth $36,000. Stephens Inc. AR bought a new position in Lattice Semiconductor during the 3rd quarter worth approximately $37,000. Finally, Quarry LP boosted its position in shares of Lattice Semiconductor by 47.7% during the first quarter. Quarry LP now owns 384 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 124 shares in the last quarter. Institutional investors own 97.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird upped their price objective on Lattice Semiconductor from $75.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Cowen upped their price objective on Lattice Semiconductor from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, February 14th. Stifel Nicolaus boosted their target price on shares of Lattice Semiconductor from $71.00 to $82.00 in a research report on Tuesday, May 2nd. Rosenblatt Securities lifted their price target on Lattice Semiconductor from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Finally, Benchmark increased their target price on Lattice Semiconductor from $65.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, February 14th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Lattice Semiconductor Company Profile

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Lattice Semiconductor Corp. designs, develops, and markets programmable logic products and related software. The company was founded in 1983 and is headquartered in Hillsboro, OR.