Wall Street Doesn’t Hate Lattice Semiconductor Corporation (LSCC) Anymore

The number of Lattice Semiconductor Corporation (NASDAQ:LSCC) shares shorted has fallen by 400,104 shares. When looking at a stock for a potential investment, you want to know what percentage of Wall Street is betting against you. That’s what short interest tells you. The most recent short interest data has been released for the January 31st settlement date, which shows a decrease in total short interest for LSCC, to 2,700,110, a retreat of 12.91% since January 15th. Average daily volume for Lattice Semiconductor Corporation at the January 31st settlement plunged to 1,194,523, as compared to 1,212,257 at the January 15th report. That brought days to cover to 2.260409, a 11.61% decrease from the 2.55739 days to cover recorded at the prior short interest data release. Looking at the experts’ opinion for the LSCC stock we see that the average analyst recommendations at 1.8 suggests selling these shares.

Analysts are forecasting revenue to suffer decline of -0.2 percent to $95.1M in the next fiscal quarter, while earnings are seen soaring by nearly 700 percent to $0.08 per share. History has shown that shares in Lattice Semiconductor Corporation have gone up on 23 different earnings reaction days and are predicted to add 0.06 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.11 per share, better than the $0.1, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $95.98M, better than the $95.1M analysts expected. Earnings are estimated to increase by -27.6 percent this year, 14.97 percent next year and continue to increase by 20 percent annually for the next 5 years.

Lattice Semiconductor Corporation (LSCC) will probably climb -18.87 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $10 price as 12-month high target. This represents a whopping -5.66 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $8.5, which represents a return potential of -19.81 percent when compared to the closing price of the stock of $10.6 on Wednesday, February 13. The lowest price target for the stock is $7.5 — slightly more than -29.25 percent from LSCC’s current share price.

The stock is currently hovering around the first support level of $9.72. Below this, the next support is placed in the zone of $8.85. Till the time, the LSCC stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 89.62 on daily chart, which may remain a cause for concern. If the price breaks below $8.85 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $11.09 mark may result into a pull-back move towards $11.59 level.

On 13th of February, Lattice Semiconductor Corporation (NASDAQ:LSCC) shares ended higher after a volatile session. The shares accumulated 2.42 points or 29.58 percent at $10.6 with a heavy trade volume of 14.767 million shares. After opening the session at $9.35, the shares went as high as $10.71 and as low as $9.34, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.36 billion and now has 128.7 million shares outstanding. Lattice Semiconductor Corporation (LSCC) stock has gained 43.05 percent of market value in 21 trading days.

LSCC stock has a trailing 3-year beta of 1.19, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.21 a share in the trailing twelve months. The stock’s value has surged 53.18 percent year to date (YTD) against a rise of 76.37 percent in 12 month’s time. The company’s shares still trade 19.1 percent away from its 1-year high of $8.90 and 109.9 percent up from 52-week low of $5.05. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Lattice Semiconductor Corporation (LSCC) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry LSCC operates in has an average P/E of 247.44. Its P/E ratio went as low as 17.1X and as high as 28.17 over the 5-year span. Further, it is sporting a 3.43 on the Price-to-Sales ratio. Compare this with the industry average P/S of 10.84. 54.3 percent is the gross profit margin for Lattice Semiconductor Corporation and operating margin sits at -0.5 percent. Along with this, the net profit margin is -6.6 percent.

Let’s take a look at some insider activity at Lattice Semiconductor Corporation (NASDAQ:LSCC) and see the pattern. The earliest insider trade took place on 11/26/2018. Elashmawi Esam gathered a total of 20 thousand shares of company at average share price of $5.66. The total for the purchase was set at $113.2 thousand. After this transaction, the VP Corp, Mktg & Strategy account balance stood at 20 thousand shares. The stock grew 44.52 percent since that insider purchase. On 11/21/2018, Anderson James Robert, President & CEO, purchased 10 thousand shares at a price per share of $5.67. This added 56.7 thousand shares to the insider’s fortune and the stock saw a 44.27 percent rally in value since the news became public. This transaction left 10 thousand shares in the President & CEO account.

On 11/14/2018, VP Corp, General Counsel Milstead Byron Wayne performed a sale transaction worth $57.58 thousand. This sale at $5.81 each has eliminated 9.91 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 40.79 percent increase since the transaction was reported. The insider now is left with 12.39 thousand shares remaining in the account. Downing Maxwell J, who performs the CFO job, sold 118.86 thousand shares for $966.33 thousand. The disposal occurred on 08/31/2018 was priced at $8.13 per share. The share price soared 0.62 percent since the reporting date. Downing Maxwell J now left with a stake of 6.33 thousand LSCC stock worth $67.13 thousand after the insider selling.