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Raymond James analysts upgrades an Outperform rating for Lattice Semiconductor Corp. (LSCC)

Lattice Semiconductor Corp.’s recent filing unveils that its OTHER O’Rourke Glenn acquired Company’s shares for reported $59425.0 on Aug 23 ’24. In the deal valued at $47.54 per share,1,250 shares were bought.

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Then, NELSON MARK JON sold 1,232 shares, generating $60,343 in total proceeds. Upon selling the shares at $48.98, the SVP, Sales now owns 14,919 shares.

Before that, Luther Sherri R sold 20,632 shares. Lattice Semiconductor Corp. shares valued at $1,008,684 were divested by the SVP, CFO at a price of $48.89 per share. As a result of the transaction, Luther Sherri R now holds 90,341 shares, worth roughly $4.28 million.

Raymond James upgraded its Lattice Semiconductor Corp. [LSCC] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering LSCC and has decreased its forecast on July 30, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on November 30, 2023. It rated LSCC as “a Buy”.

Price Performance Review of LSCC

On Friday, Lattice Semiconductor Corp. [NASDAQ:LSCC] saw its stock jump 0.66% to $47.36. Over the last five days, the stock has lost -0.88%. Lattice Semiconductor Corp. shares have fallen nearly -31.35% since the year began. Nevertheless, the stocks have fallen -50.09% over the past one year. While a 52-week high of $98.30 was reached on 03/07/24, a 52-week low of $41.65 was recorded on 08/05/24. SMA at 50 days reached $53.08, while 200 days put it at $65.29.

Levels Of Support And Resistance For LSCC Stock

The 24-hour chart illustrates a support level at 46.88, which if violated will result in even more drops to 46.39. On the upside, there is a resistance level at 48.16. A further resistance level may holdings at 48.95. The Relative Strength Index (RSI) on the 14-day chart is 44.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.49%. Stochastics %K at 33.80% indicates the stock is a holding.

How much short interest is there in Lattice Semiconductor Corp.?

A steep rise in short interest was recorded in Lattice Semiconductor Corp. stocks on 2024-08-15, growing by 0.86 million shares to a total of 10.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.67 million shares. There was a rise of 8.19%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 24, 2023 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $90 price target.

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