Fidelity Management & Research Co has recently announced that it has increased stake in Lattice Semiconductor Corp. (NASDAQ:LSCC) by 5.94%. After grabbing 14.34 million shares, the institutional investor is now in possession of 0.8 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.39% having worth around $797.32 million. Moreover, Franklin Advisers, Inc. increased its share by 0.95 million to have a control over 4.32 million shares. And Geode Capital Management LLC raised its holdings to 0.36 million shares by acquiring 2.76 million shares or 2.00% of the stake.
Lattice Semiconductor Corp. (LSCC) concluded trading on 12/14/23 at a closing price of $69.52, with 4.29 million shares of worth about $298.35 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.45% during that period and on Thursday the price saw a gain of about 6.28%. Currently the company’s common shares owned by public are about 137.10M shares, out of which, 136.42M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 270 times over the past 12 months. They bought 1,248,489 shares in 118 of the transactions. In 152 selling transactions, insiders dumped 1,063,105 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Lattice Semiconductor Corp. Vanguard Total Stock Market ETF is currently holding 4.32 million shares of worth totaling $240.02 million. The company recently came buying 33232.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after buying 3.55 million shares, have now control over 2.58% of the stake in the company. It holds 8036.0 shares of worth $197.69 million.
However, the stock later moved at a day high price of 69.69, or with a gain of 6.28%. Stock saw a price change of 13.46% in past 5 days and over the past one month there was a price change of 18.68%. Year-to-date (YTD), LSCC shares are showing a performance of 7.15% which decreased to -6.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.96 but also hit the highest price of $98.30 during that period. The average intraday trading volume for Lattice Semiconductor Corp. shares is 2.34 million. The stock is currently trading 15.60% above its 20-day simple moving average (SMA20), while that difference is up 7.07% for SMA50 and it goes to -15.83% lower than SMA200.
Fidelity Management & Research Co acquired 14.34 million shares of Lattice Semiconductor Corp. having value of about $797.32 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 0.8 million shares in the company valued at close to $55892202.96, or have control over 5.94% stake in the company. Lattice Semiconductor Corp. (NASDAQ: LSCC) currently have 137.10M outstanding shares and institutions hold larger chunk of about 107.30% of that. Holding of mutual funds in the company is about 33.91% while other institutional holders and individual stake holders have control over 74.26% and 3.58% of the stake respectively.
The stock has a current market capitalization of $9.60B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 45.80, while it has posted earnings per share of $1.52 in the same period. Its PEG reads 2.35 and has Quick Ratio of 2.55 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LSCC, volatility over the week remained 3.78% while standing at 3.47% over the month.
Analysts are in expectations that Lattice Semiconductor Corp. (LSCC) stock would likely to be making an EPS of $Invesco S&P SmallCap Consumer S in the current quarter, while forecast for next quarter EPS is $38.22 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $ProShares UltraShort Consumer D which is $LIGHTING SCIENCE GROUP CORP at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $HOMELAND SECURITY CORP in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.69% while it is estimated to decrease by -0.46% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on November 30, 2023 offering a Buy rating for the stock and assigned a target price of $70 to it.
