It’s still a bull thesis, just subverted: Lattice Semiconductor Corp. (LSCC)

A share price of Lattice Semiconductor Corp. [LSCC] is currently trading at $47.33, up 13.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The LSCC shares have lost -2.31% over the last week, with a monthly amount drifted -23.17%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Lattice Semiconductor Corp. [NASDAQ: LSCC] stock has seen the most recent analyst activity on August 08, 2024, when Raymond James upgraded its rating to a Outperform but kept the price target unchanged to $50 for it. Previously, TD Cowen reaffirmed its Buy rating on July 30, 2024, and dropped its price target to $60. On July 30, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $47 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $70 on November 30, 2023. Needham initiated its recommendation with a Buy and recommended $90 as its price target on October 24, 2023. BofA Securities started tracking with a Neutral rating for this stock on September 29, 2023, and assigned it a price target of $95. In a note dated May 24, 2023, Raymond James initiated an Mkt Perform rating.

Lattice Semiconductor Corp. experienced fluctuations in its stock price throughout the past year between $41.65 and $98.30. Currently, Wall Street analysts expect the stock to reach $62.11 within the next 12 months. Lattice Semiconductor Corp. [NASDAQ: LSCC] shares were valued at $47.33 at the most recent close of the market. An investor can expect a potential return of 31.23% based on the average LSCC price forecast.

Analyzing the LSCC fundamentals

Trailing Twelve Months sales for Lattice Semiconductor Corp. [NASDAQ:LSCC] were 627.66M which represents -34.72% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.23, Equity is 0.28 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.42 points at the first support level, and at 41.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.93, and for the 2nd resistance point, it is at 50.54.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Lattice Semiconductor Corp. [NASDAQ:LSCC] is 4.40. On the other hand, the Quick Ratio is 3.13, and the Cash Ratio is 1.36. Considering the valuation of this stock, the price to sales ratio is 10.39, the price to book ratio is 9.33 and price to earnings (TTM) ratio is 34.69.

Transactions by insiders

Recent insider trading involved ANDERSON JAMES ROBERT, President, CEO, that happened on May 23 ’24 when 44231.0 shares were sold. SVP, General Counsel, Feanny Tracy Ann completed a deal on May 23 ’24 to sell 703.0 shares. Meanwhile, President, CEO ANDERSON JAMES ROBERT sold 30000.0 shares on May 22 ’24.

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