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TD Cowen gives a Buy recommendation for Lattice Semiconductor Corp (LSCC)

Lattice Semiconductor Corp’s recently made public that its SVP, R&D Desale Pravin unloaded Company’s shares for reported $68543.0 on Dec 12 ’24. In the deal valued at $62.54 per share,1,096 shares were sold. As a result of this transaction, Desale Pravin now holds 365 shares worth roughly $21943.8.

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Then, PRAVIN DESALE bought 1,096 shares, generating $69,053 in total proceeds.

Before that, NELSON MARK JON sold 1,850 shares. Lattice Semiconductor Corp shares valued at $107,160 were divested by the SVP, Sales at a price of $57.92 per share. As a result of the transaction, NELSON MARK JON now holds 14,279 shares, worth roughly $0.86 million.

TD Cowen reiterated its Lattice Semiconductor Corp [LSCC] rating to a Buy in a research note published on November 05, 2024; the price target was $50. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid September from “a Hold” to “a Buy”. Raymond James also remained covering LSCC and has increased its forecast on August 08, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. TD Cowen maintained its rating on July 30, 2024. It rated LSCC as “a Buy”.

Price Performance Review of LSCC

On Monday, Lattice Semiconductor Corp [NASDAQ:LSCC] saw its stock jump 3.89% to $60.12. Over the last five days, the stock has lost -5.26%. Lattice Semiconductor Corp shares have fallen nearly -12.86% since the year began. Nevertheless, the stocks have fallen -14.64% over the past one year. While a 52-week high of $85.69 was reached on 03/07/24, a 52-week low of $40.65 was recorded on 09/06/24. SMA at 50 days reached $55.07, while 200 days put it at $59.71.

Levels Of Support And Resistance For LSCC Stock

The 24-hour chart illustrates a support level at 58.87, which if violated will result in even more drops to 57.62. On the upside, there is a resistance level at 60.86. A further resistance level may holdings at 61.60. The Relative Strength Index (RSI) on the 14-day chart is 56.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.01%. Stochastics %K at 24.38% 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 2024-11-29, growing by 1.26 million shares to a total of 11.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.3 million shares. There was a rise of 10.86%, which implies that there is a positive sentiment for the stock.

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