Look For Institutional Buying In Lattice Semiconductor Corp. (NASDAQ: LSCC)

Lattice Semiconductor Corp. (LSCC) concluded trading on Wednesday at a closing price of $46.32, with 2.58 million shares of worth about $119.36 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.79% during that period and on August 28, 2024 the price saw a loss of about -1.22%. Currently the company’s common shares owned by public are about 137.34M shares, out of which, 136.22M shares are available for trading.

Stock saw a price change of -6.08% in past 5 days and over the past one month there was a price change of -6.93%. Year-to-date (YTD), LSCC shares are showing a performance of -32.86% which decreased to -48.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.65 but also hit the highest price of $98.30 during that period. The average intraday trading volume for Lattice Semiconductor Corp. shares is 2.67 million. The stock is currently trading -1.86% below its 20-day simple moving average (SMA20), while that difference is down -14.00% for SMA50 and it goes to -29.19% lower than SMA200.

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Lattice Semiconductor Corp. (NASDAQ: LSCC) currently have 137.34M outstanding shares and institutions hold larger chunk of about 108.91% of that.

The stock has a current market capitalization of $6.38B and its 3Y-monthly beta is at 1.38. PE ratio of stock for trailing 12 months is 33.95, while it has posted earnings per share of $1.36 in the same period. It has Quick Ratio of 3.13 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 4.55% while standing at 5.40% over the month.

Stock’s fiscal year EPS is expected to drop by -50.00% while it is estimated to increase by 37.83% 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 Raymond James on August 08, 2024 offering an Outperform rating for the stock and assigned a target price of $50 to it. Coverage by TD Cowen stated Lattice Semiconductor Corp. (LSCC) stock as a Buy in their note to investors on July 30, 2024, suggesting a price target of $60 for the stock. On July 30, 2024, BofA Securities Downgrade their recommendations, while on November 30, 2023, Deutsche Bank Initiated their ratings for the stock with a price target of $70. Stock get a Buy rating from Needham on October 24, 2023.

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