Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lattice Semiconductor Corp. shares valued at $1,720,342 were sold by Luther Sherri R on Feb 27 ’24. At $74.78 per share, Luther Sherri R sold 23,006 shares. The insider’s holdings dropped to 124,116 shares worth approximately $9.4 million following the completion of this transaction.
Also, O’Rourke Glenn sold 8,594 shares, netting a total of over 645,637 in proceeds. Following the sale of shares at $75.13 each, the insider now holds 0 shares.
Before that, Feanny Tracy Ann had sold 6,318 shares from its account. In a trade valued at $474,725, the SVP, General Counsel traded Lattice Semiconductor Corp. shares for $75.14 each. Upon closing the transaction, the insider’s holdings decreased to 6,318 shares, worth approximately $0.9 million.
As published in their initiating research note from Deutsche Bank on November 30, 2023, Lattice Semiconductor Corp. [LSCC] has been a Buy and the price target has been revised to $70. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 29, 2023, BofA Securities has initiated its “Neutral” rating for LSCC. Earlier on May 24, 2023, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for LSCC stock.
Analyzing LSCC Stock Performance
During the last five days, there has been a surge of approximately 0.84%. Over the course of the year, Lattice Semiconductor Corp. shares have jumped approximately 9.78%. Shares of the company reached a 52-week high of $85.69 on 03/07/24 and a 52-week low of $59.35 on 01/31/24. A 50-day SMA is recorded $74.22, while a 200-day SMA reached $76.51. Nevertheless, trading volume fell to 1.13 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Lattice Semiconductor Corp. (LSCC)
According to the 24-hour chart, there is a support level at 74.68, which, if violated, would cause prices to drop to 73.61. In the upper region, resistance lies at 76.97. The next price resistance is at 78.19. RSI (Relative Strength Index) is 48.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 64.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Lattice Semiconductor Corp. subject to short interest?
Stocks of Lattice Semiconductor Corp. saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.26 million shares to 12.37 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 12.63 million shares. A decline of -2.1% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.21 of the overall float, the days-to-cover ratio (short ratio) decline to 7.21.
