Lattice Semiconductor Corporation’s filing revealed that its President, CEO ANDERSON JAMES ROBERT unloaded Company’s shares for reported $3.48 million on Aug 22. In the deal valued at $92.13 per share,37,812 shares were sold. As a result of this transaction, ANDERSON JAMES ROBERT now holds 753,889 shares worth roughly $ 73.14 million.
Then, RICHARDSON DAVID JEFFREY sold 21,918 shares, generating $2,008,162 in total proceeds. Upon selling the shares at $91.62, the Director now owns 33,600 shares.
Before that, Douglass Stephen sold 1,606 shares. Lattice Semiconductor Corporation shares valued at $148,764 were divested by the SVP, R&D at a price of $92.63 per share. As a result of the transaction, Douglass Stephen now holds 144,321 shares, worth roughly $14.0 million.
Raymond James initiated its Lattice Semiconductor Corporation [LSCC] rating to a Mkt perform in a research note published on Friday.
Price Performance Review of LSCC
On Friday, Lattice Semiconductor Corporation [NASDAQ:LSCC] saw its stock fall -0.25% to $97.02. On the same session, the stock had its day’s lowest price of $96.46, but rose to a high of $98.00. Over the last five days, the stock has gained 9.58%. Lattice Semiconductor Corporation shares have risen nearly 49.54% since the year began. Nevertheless, the stocks have risen 80.00% over the past one year. While a 52-week high of $98.30 was reached on 08/31/23, a 52-week low of $44.53 was recorded on 01/03/23. SMA at 50 days reached $91.24, while 200 days put it at $83.27. A total of 1.13 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For LSCC Stock
The 24-hour chart illustrates a support level at 96.32, which if violated will result in even more drops to 95.62. On the upside, there is a resistance level at 97.86. A further resistance level may holdings at 98.70. The Relative Strength Index (RSI) on the 14-day chart is 60.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.83%. Stochastics %K at 88.22% indicates the stock is a selling.
How much short interest is there in Lattice Semiconductor Corporation?
A steep rise in short interest was recorded in Lattice Semiconductor Corporation stocks on Aug 14, 2023, dropping by -1.21 million shares to a total of 11.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 12.55 million shares. There was a decline of -10.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.2.
Lattice Semiconductor Corporation [LSCC] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 13,935,912 shares, or roughly 10.12% of the outstanding LSCC shares. In other words, the investor’s shares have risen by 1,001,578 from its previous 13-F filing of 12934334.0. Additionally, The Vanguard Group, Inc. increased 0.07% of its stake after which the total value it holdings stand at $1,262,557,760, while Fidelity Management & Research Co added 30.38% of its stake to hold $1.23 billion in the firm. Over the last quarter, Artisan Partners LP purchased 394,442 shares of Lattice Semiconductor Corporation, while T. Rowe Price Investment Manageme bought -615,795 shares. At present, Neuberger Berman Investment Advis is holding 6,182,067 shares valued at $562.2 million. SSgA Funds Management, Inc. owned 4,869,235 shares of the company at the time of its most recent 13F filing, worth $442.81 million.
According to FactSet, Lattice Semiconductor Corporation’s share price will average $102.89 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.96 percent from its previous closing price of $97.26. Analysts expect Lattice Semiconductor Corporation stock to reach the higher price of $110.00, while the lowest price estimate is $82.00. However, 11 analysts have rated LSCC stock as an Overweight in their predictions for 2023.