Lattice Semiconductor Corp. (LSCC) Short Interest Update
Lattice Semiconductor Corp. (NASDAQ:LSCC) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 6,090,268 shares, a decline of 30.7% from the October 31st total of 8,793,789 shares. Based on an average daily trading volume, of 6,164,402 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.3% of the company’s shares are short sold.
Shares of Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 7.25 on Monday. The firm’s market capitalization is $878.36 million. The company has a 50 day moving average of $6.90 and a 200 day moving average of $6.16. Lattice Semiconductor Corp. has a 52-week low of $4.02 and a 52-week high of $7.99.
Lattice Semiconductor Corp. (NASDAQ:LSCC) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. Lattice Semiconductor Corp. had a negative net margin of 22.28% and a negative return on equity of 5.57%. The business earned $113.20 million during the quarter, compared to analyst estimates of $113.04 million. On average, analysts anticipate that Lattice Semiconductor Corp. will post $0.19 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Lattice Semiconductor Corp. by 698.6% in the second quarter. Tower Research Capital LLC TRC now owns 19,381 shares of the company’s stock valued at $103,000 after buying an additional 16,954 shares during the last quarter. SG Americas Securities LLC bought a new stake in Lattice Semiconductor Corp. during the third quarter valued at about $107,000. Principal Financial Group Inc. increased its stake in Lattice Semiconductor Corp. by 72.7% in the second quarter. Principal Financial Group Inc. now owns 21,167 shares of the company’s stock valued at $113,000 after buying an additional 8,914 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Lattice Semiconductor Corp. during the second quarter valued at about $130,000. Finally, Royal Bank of Canada increased its stake in Lattice Semiconductor Corp. by 11.4% in the second quarter. Royal Bank of Canada now owns 25,728 shares of the company’s stock valued at $138,000 after buying an additional 2,626 shares during the last quarter. 78.55% of the stock is owned by institutional investors.
A number of brokerages have recently commented on LSCC. Robert W. Baird reiterated an “outperform” rating and set a $8.00 price target on shares of Lattice Semiconductor Corp. in a report on Thursday, August 11th. Jefferies Group downgraded shares of Lattice Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Friday, November 4th. Zacks Investment Research downgraded shares of Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Finally, Susquehanna began coverage on shares of Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They set a “positive” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Lattice Semiconductor Corp. presently has a consensus rating of “Hold” and a consensus target price of $7.00.
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About Lattice Semiconductor Corp.
Lattice Semiconductor Corporation is engaged in providing connectivity solutions. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure.
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