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

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

Lattice Semiconductor Stock Performance

LSCC stock traded up $1.02 during trading on Wednesday, reaching $63.33. 283,116 shares of the company were exchanged, compared to its average volume of 2,285,561. The stock’s 50 day moving average price is $59.72 and its 200 day moving average price is $55.72. The company has a market cap of $8.73 billion, a P/E ratio of 143.96, a PEG ratio of 3.03 and a beta of 1.43. Lattice Semiconductor has a 52-week low of $40.65 and a 52-week high of $80.47.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LSCC shares. Robert W. Baird boosted their target price on Lattice Semiconductor from $44.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Stifel Nicolaus raised their price objective on Lattice Semiconductor from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Lattice Semiconductor in a report on Tuesday, February 11th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 target price on shares of Lattice Semiconductor in a report on Monday, February 10th. Finally, Susquehanna upped their price objective on shares of Lattice Semiconductor from $70.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, Lattice Semiconductor has an average rating of “Moderate Buy” and an average target price of $66.25.

Insider Activity

In related news, Director Robin Ann Abrams sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.97, for a total transaction of $639,700.00. Following the sale, the director now directly owns 122,538 shares of the company’s stock, valued at $7,838,755.86. This represents a 7.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Pravin Desale sold 2,890 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.29, for a total transaction of $197,358.10. Following the completion of the transaction, the senior vice president now directly owns 93,903 shares of the company’s stock, valued at $6,412,635.87. This represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,740 shares of company stock worth $943,026 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Lattice Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in Lattice Semiconductor by 10.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 11,649 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 1,113 shares in the last quarter. Empowered Funds LLC increased its position in shares of Lattice Semiconductor by 15.3% in the third quarter. Empowered Funds LLC now owns 4,661 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 619 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Lattice Semiconductor by 23.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 781,851 shares of the semiconductor company’s stock valued at $41,493,000 after acquiring an additional 146,199 shares during the period. LMR Partners LLP acquired a new position in shares of Lattice Semiconductor during the 3rd quarter valued at $730,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Lattice Semiconductor by 553.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 15,885 shares of the semiconductor company’s stock valued at $843,000 after acquiring an additional 13,454 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

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.