Lattice Semiconductor Corp (NASDAQ:LSCC) Sees Significant Increase in Short Interest
Lattice Semiconductor Corp (NASDAQ:LSCC) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 7,540,000 shares, a growth of 11.2% from the August 30th total of 6,780,000 shares. Based on an average trading volume of 2,020,000 shares, the short-interest ratio is presently 3.7 days. Approximately 5.8% of the company’s stock are short sold.
In other news, Director David Jeffrey Richardson sold 26,600 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $18.57, for a total value of $493,962.00. Following the completion of the sale, the director now directly owns 68,733 shares in the company, valued at $1,276,371.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Edwin Jensen sold 4,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $19.85, for a total transaction of $79,400.00. Following the completion of the sale, the director now owns 81,697 shares of the company’s stock, valued at $1,621,685.45. The disclosure for this sale can be found here. Insiders sold 94,226 shares of company stock valued at $1,804,647 over the last three months. Insiders own 0.78% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LSCC. OppenheimerFunds Inc. acquired a new position in Lattice Semiconductor during the 1st quarter valued at $13,823,000. KCL Capital L.P. raised its stake in Lattice Semiconductor by 227.1% during the 1st quarter. KCL Capital L.P. now owns 899,599 shares of the semiconductor company’s stock valued at $10,733,000 after purchasing an additional 624,599 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Lattice Semiconductor by 679.6% during the 1st quarter. Marshall Wace North America L.P. now owns 426,868 shares of the semiconductor company’s stock valued at $5,093,000 after purchasing an additional 372,110 shares during the last quarter. Nordea Investment Management AB acquired a new position in Lattice Semiconductor during the 1st quarter valued at $2,229,000. Finally, Cortina Asset Management LLC acquired a new position in Lattice Semiconductor during the 2nd quarter valued at $4,357,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.
NASDAQ:LSCC traded down $0.37 during trading hours on Wednesday, hitting $19.38. 922,344 shares of the company traded hands, compared to its average volume of 1,888,428. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 88.09, a P/E/G ratio of 3.35 and a beta of 1.30. Lattice Semiconductor has a twelve month low of $5.38 and a twelve month high of $21.58. The firm has a 50-day moving average of $19.46 and a 200 day moving average of $16.01. The company has a current ratio of 3.08, a quick ratio of 2.30 and a debt-to-equity ratio of 0.66.
Lattice Semiconductor (NASDAQ:LSCC) last released its earnings results on Tuesday, July 30th. The semiconductor company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The firm had revenue of $102.30 million during the quarter, compared to analysts’ expectations of $99.72 million. Lattice Semiconductor had a net margin of 3.98% and a return on equity of 17.47%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. Equities research analysts predict that Lattice Semiconductor will post 0.46 earnings per share for the current fiscal year.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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