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

Lattice Semiconductor Co. (NASDAQ:LSCC) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 10,200,000 shares, an increase of 21.9% from the February 13th total of 8,370,000 shares. Based on an average trading volume of 2,340,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 7.5% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Lattice Semiconductor from $44.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Stifel Nicolaus raised their price target on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Susquehanna lifted their target price on Lattice Semiconductor from $70.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, February 11th. KeyCorp upped their target price on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, StockNews.com lowered Lattice Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.25.

Lattice Semiconductor Stock Up 0.0 %

LSCC opened at $62.33 on Thursday. Lattice Semiconductor has a 52 week low of $40.65 and a 52 week high of $80.47. The business’s 50 day moving average is $59.85 and its two-hundred day moving average is $55.77. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 141.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.43.

Lattice Semiconductor (NASDAQ:LSCC) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.14). Lattice Semiconductor had a return on equity of 11.22% and a net margin of 12.00%. Equities analysts expect that Lattice Semiconductor will post 0.65 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mark Jon Nelson sold 1,850 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $57.28, for a total value of $105,968.00. Following the transaction, the senior vice president now directly owns 83,289 shares in the company, valued at approximately $4,770,793.92. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Pravin Desale sold 2,890 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total value of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares in the company, valued at approximately $6,412,635.87. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,740 shares of company stock worth $943,026 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lattice Semiconductor

Hedge funds have recently modified their holdings of the stock. Siemens Fonds Invest GmbH purchased a new stake in shares of Lattice Semiconductor in the fourth quarter valued at about $1,209,000. Polar Asset Management Partners Inc. purchased a new position in shares of Lattice Semiconductor during the 4th quarter worth approximately $5,353,000. American Trust acquired a new position in Lattice Semiconductor during the fourth quarter worth $222,000. GTS Securities LLC grew its stake in shares of Lattice Semiconductor by 363.5% during the 4th quarter. GTS Securities LLC now owns 19,589 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 15,363 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Lattice Semiconductor by 37.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,565,987 shares of the semiconductor company’s stock valued at $88,713,000 after purchasing an additional 425,199 shares during the period. 98.08% of the stock is owned by institutional investors and hedge funds.

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.