The price of Lattice Semiconductor Corp. (NASDAQ:LSCC) shares last traded on Wall Street rose 6.49% to $53.00.
LSCC stock price is now -15.01% away from the 50-day moving average and -21.37% away from the 200-day moving average. The market capitalization of the company currently stands at $7.29B.
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With the price target reduced from $80 to $60, TD Cowen maintained Buy rating for Lattice Semiconductor Corp. (NASDAQ: LSCC). On July 30, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $83 to quote $47, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, ANDERSON JAMES ROBERT, President, CEO sold 44,231 shares of the company’s stock on May 23 ’24. The stock was sold for $3,373,518 at an average price of $76.27. Upon completion of the transaction, the President, CEO now directly owns 715,055 shares in the company, valued at $37.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, SVP, General Counsel Feanny Tracy Ann sold 703 shares of the business’s stock. A total of $54,729 was realized by selling the stock at an average price of $77.85. This leaves the insider owning 12,084 shares of the company worth $0.64 million. A total of 1.16% of the company’s stock is owned by insiders.
During the past 12 months, Lattice Semiconductor Corp. has had a low of $47.58 and a high of $98.30. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 4.40, and a quick ratio of 3.13. According to the stock market information, the enterprise value for the company is $6748523008, which is based on a 38.84 price-to-earnings ratio, a 5.75 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for LSCC is $61.9584 and a two-hundred day moving average price translates $67.26915 for the stock.
The latest earnings results from Lattice Semiconductor Corp. (NASDAQ: LSCC) was released for 2024-06-29. The net profit margin was 30.26% and return on equity was 29.82% for LSCC. The company reported revenue of $124.08 million for the quarter, compared to $190.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.72 percent.
