Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lattice Semiconductor Corp. shares valued at $59,425 were purchased by O’Rourke Glenn on Aug 23 ’24. At $47.54 per share, O’Rourke Glenn acquired 1,250 shares.
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Also, NELSON MARK JON sold 1,232 shares, netting a total of over 60,343 in proceeds. Following the sale of shares at $48.98 each, the insider now holds 14,919 shares.
Before that, Luther Sherri R had sold 20,632 shares from its account. In a trade valued at $1,008,684, the SVP, CFO traded Lattice Semiconductor Corp. shares for $48.89 each. Upon closing the transaction, the insider’s holdings decreased to 20,632 shares, worth approximately $4.7 million.
As published in a research note from Stifel on September 17, 2024, Lattice Semiconductor Corp. [LSCC] has been rated up from a Hold to a Buy and the price target has been revised to $55. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early August. As of July 30, 2024, TD Cowen has reiterated its “Buy” rating for LSCC. Earlier on July 30, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for LSCC stock which previously was a “a Neutral”.
Analyzing LSCC Stock Performance
During the last five days, there has been a surge of approximately 16.20%. Over the course of the year, Lattice Semiconductor Corp. shares have dropped approximately -24.53%. Shares of the company reached a 52-week high of $85.69 on 03/07/24 and a 52-week low of $40.65 on 09/06/24. A 50-day SMA is recorded $49.80, while a 200-day SMA reached $64.49. Nevertheless, trading volume fell to 4.58 million shares from 7.33 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 50.42, which, if violated, would cause prices to drop to 48.78. In the upper region, resistance lies at 53.70. The next price resistance is at 55.34. RSI (Relative Strength Index) is 61.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.69, which suggests the price will increase in the coming days. Percent R is at 12.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
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