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

Lattice Semiconductor Co. (NASDAQ:LSCC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 9,350,000 shares, a drop of 21.2% from the May 31st total of 11,870,000 shares. Approximately 6.9% of the company’s stock are short sold. Based on an average trading volume of 2,000,000 shares, the days-to-cover ratio is currently 4.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LSCC. Benchmark raised their target price on Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Bank of America raised their target price on Lattice Semiconductor from $75.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Robert W. Baird raised their target price on Lattice Semiconductor from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $85.00 price target on shares of Lattice Semiconductor in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, June 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.09.

Insider Buying and Selling at Lattice Semiconductor

In other Lattice Semiconductor news, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $69.20, for a total transaction of $44,980.00. Following the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Mark Jon Nelson sold 1,210 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $72.97, for a total transaction of $88,293.70. Following the completion of the sale, the senior vice president now owns 14,554 shares in the company, valued at approximately $1,062,005.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth M. Schwarting sold 650 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the sale, the director now owns 1,920 shares of the company’s stock, valued at approximately $132,864. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,566 shares of company stock valued at $3,664,529. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in shares of Lattice Semiconductor by 105.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,454 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 748 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Lattice Semiconductor by 131.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 446,178 shares of the semiconductor company’s stock valued at $35,265,000 after purchasing an additional 253,788 shares during the last quarter. Swedbank AB acquired a new stake in Lattice Semiconductor during the first quarter worth approximately $4,186,000. Virtu Financial LLC acquired a new stake in Lattice Semiconductor during the first quarter worth approximately $754,000. Finally, Rokos Capital Management LLP boosted its position in Lattice Semiconductor by 1,592.8% during the first quarter. Rokos Capital Management LLP now owns 1,212,878 shares of the semiconductor company’s stock worth $94,896,000 after acquiring an additional 1,141,230 shares during the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Up 1.8 %

Shares of LSCC stock traded up $1.00 on Friday, reaching $57.99. 2,501,727 shares of the stock were exchanged, compared to its average volume of 2,577,262. The business’s 50 day moving average price is $67.47 and its 200 day moving average price is $70.19. Lattice Semiconductor has a twelve month low of $51.96 and a twelve month high of $98.30. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 12.40 and a beta of 1.44.

Lattice Semiconductor (NASDAQ:LSCC) last posted its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. Lattice Semiconductor had a net margin of 31.42% and a return on equity of 28.61%. Equities research analysts forecast that Lattice Semiconductor will post 0.68 earnings per share for the current year.

About Lattice Semiconductor

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.