Lattice Semiconductor Corporation [LSCC] stock for 248,666 USD was sold by O’Rourke Glenn

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lattice Semiconductor Corporation shares valued at $248,666 were sold by O’Rourke Glenn on Sep 15. At $51.91 per share, O’Rourke Glenn sold 4,790 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Douglass Stephen sold 2,512 shares, netting a total of over 129,115 in proceeds. Following the sale of shares at $51.40 each, the insider now holds 124,012 shares.

Before that, O’Rourke Glenn had sold 360 shares from its account. In a trade valued at $21,254, the SVP, Mfg Ops traded Lattice Semiconductor Corporation shares for $59.04 each. Upon closing the transaction, the insider’s holdings decreased to 360 shares, worth approximately $0.0.

As published in their initiating research note from Stifel on September 08, 2022, Lattice Semiconductor Corporation [LSCC] has been a Hold and the price target has been revised to $60. This represents a 17.75% premium over Thursday’s closing price. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in late May. As of November 03, 2021, Rosenblatt has reiterated its “Buy” rating for LSCC. Earlier on November 03, 2021, KeyBanc Capital Markets resumed its rating. Their recommendation was “an Overweight” for LSCC stock.

Analyzing LSCC’s Price Performance

On Thursday, Lattice Semiconductor Corporation [NASDAQ: LSCC] plunged -4.01% to $49.35. The stock’s lowest price that day was $49.06, but it reached a high of $51.37 in the same session. During the last five days, there has been a drop of approximately -2.82%. Over the course of the year, Lattice Semiconductor Corporation shares have dropped approximately -35.96%. Shares of the company reached a 52-week high of $79.22 on 01/04/22 and a 52-week low of $43.41 on 07/05/22. A 50-day SMA is recorded $57.37, while a 200-day SMA reached $57.12. Nevertheless, trading volume fell to 1.64 million shares from 1.66 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corporation (LSCC)

According to the 24-hour chart, there is a support level at 48.48, which, if violated, would cause prices to drop to 47.62. In the upper region, resistance lies at 50.79. The next price resistance is at 52.24. RSI (Relative Strength Index) is 34.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.40, which suggests the price will decrease in the coming days. Percent R is at 95.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Lattice Semiconductor Corporation subject to short interest?

Stocks of Lattice Semiconductor Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.86 million shares to 3.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.19 million shares. A decline of -55.86% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.37 of the overall float, the days-to-cover ratio (short ratio) decline to 1.37.

Which companies own the most shares of Lattice Semiconductor Corporation (LSCC)?

According to The Vanguard Group, Inc. filings, the company currently owns 13,150,928 shares, which is about 9.58% of the total LSCC shares outstanding. The investor’s shares have plunged by -15,806 from its previous 13-F filing of 13166734.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $683,585,025. T. Rowe Price Associates, Inc. acquire a 33.87% interest valued at $641.92 million while Artisan Partners LP purchased a 108,996 stake. A total of 299,172 shares of Lattice Semiconductor Corporation were bought by Neuberger Berman Investment Advis during the quarter, and -663,618 were sold by SSgA Funds Management, Inc.. In its current portfolio, AllianceBernstein LP holds 4,044,144 shares valued at $217.98 million.


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