The stock price of Lattice Semiconductor Corp. (NASDAQ: LSCC) has plunged by -2.36 when compared to previous closing price of 77.57, but the company has seen a 0.84% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-23 that Lattice Semiconductor Corporation experienced impressive growth the past, but growth decelerated in 2023 and is expected to be negative in 2024. The company continues to expand its FPGA product portfolio, introducing the low-power Nexus and mid-range Avant-G and Avant-X solutions. We explore how Lattice can capitalize on AI-driven applications and how that could improve the company’s growth prospects going forward.
Is It Worth Investing in Lattice Semiconductor Corp. (NASDAQ: LSCC) Right Now?
The price-to-earnings ratio for Lattice Semiconductor Corp. (NASDAQ: LSCC) is above average at 40.81x. The 36-month beta value for LSCC is also noteworthy at 1.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for LSCC is 135.74M, and at present, short sellers hold a 9.12% of that float. The average trading volume of LSCC on April 11, 2024 was 2.18M shares.
LSCC’s Market Performance
The stock of Lattice Semiconductor Corp. (LSCC) has seen a 0.84% increase in the past week, with a -5.42% drop in the past month, and a 13.37% gain in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 3.25% for LSCC. The simple moving average for the past 20 days is -1.91% for LSCC’s stock, with a -1.07% simple moving average for the past 200 days.
Analysts’ Opinion of LSCC
Many brokerage firms have already submitted their reports for LSCC stocks, with Deutsche Bank repeating the rating for LSCC by listing it as a “Buy.” The predicted price for LSCC in the upcoming period, according to Deutsche Bank is $70 based on the research report published on November 30, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see LSCC reach a price target of $90. The rating they have provided for LSCC stocks is “Buy” according to the report published on October 24th, 2023.
BofA Securities gave a rating of “Neutral” to LSCC, setting the target price at $95 in the report published on September 29th of the previous year.
LSCC Trading at 2.38% from the 50-Day Moving Average
After a stumble in the market that brought LSCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.95% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares sank -6.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.86% upper at present.
During the last 5 trading sessions, LSCC rose by +0.84%, which changed the moving average for the period of 200-days by -11.26% in comparison to the 20-day moving average, which settled at $76.94. In addition, Lattice Semiconductor Corp. saw 9.78% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LSCC starting from Luther Sherri R, who sale 23,006 shares at the price of $74.78 back on Feb 27 ’24. After this action, Luther Sherri R now owns 124,116 shares of Lattice Semiconductor Corp., valued at $1,720,342 using the latest closing price.
O’Rourke Glenn, the SVP, Mfg Ops of Lattice Semiconductor Corp., sale 8,594 shares at $75.13 during a trade that took place back on Feb 26 ’24, which means that O’Rourke Glenn is holding 0 shares at $645,637 based on the most recent closing price.
Stock Fundamentals for LSCC
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.69 for the gross margin
The net margin for Lattice Semiconductor Corp. stands at 0.35. The total capital return value is set at 0.29. Equity return is now at value 43.94, with 31.60 for asset returns.
Based on Lattice Semiconductor Corp. (LSCC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 16.53. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 262.66.
Currently, EBITDA for the company is 255.37 million with net debt to EBITDA at -0.45. When we switch over and look at the enterprise to sales, we see a ratio of 13.98. The receivables turnover for the company is 6.38for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.78.
Conclusion
In summary, Lattice Semiconductor Corp. (LSCC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
