Susquehanna raised the price target for the Lattice Semiconductor Corporation (NASDAQ:LSCC) stock from “a Positive” to “a Neutral”. The rating was released on April 19, 2021. We previously noted in another research note published on February 17, 2021 by Cowen that reiterated the stock to an Outperform with a price target of $56 for LSCC stock. The research report from KeyBanc Capital Markets has initiated the stock to Overweight, with a price target set at $50. The stock was reiterated by Cowen, who disclosed in a research note on October 28, 2020, to Outperform and set the price objective to $39. In their research brief published July 29, 2020, Cowen analysts reiterated the Lattice Semiconductor Corporation stock to Outperform with a price target of $36.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.19 during the last quarter as opposed to a consensus estimate of $0.17, which indicates the company beat its estimate by $0.02, which implies that the company surprised the market by 11.80%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is $0.19. This is an average of 10 analysts’ earnings, where the high earnings per share estimate is $0.2 and the low earnings per share estimate is $0.19. According to 10 analyst estimates, an average revenue estimate of $110.14M is projected for the current quarter with a high revenue estimate of $111.11M and a low estimate of $110M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Lattice Semiconductor Corporation (NASDAQ:LSCC) dipped -2.42% to close Monday’s market session at $49.09, lower as compared to yesterday’s close. The stock price fluctuated between $48.90 and $51.0041 throughout the trading session with the volume trading being 1535369 shares, which represented a significant variation when compared to the three months average volume of 1.74 million shares. The firm’s stock price fluctuated -10.53% within the last five trades and 0.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 41.23% in the last 6 months and 15.81% was added to its value over the previous 3 months. LSCC stock is trading at a margin of -5.93%, 2.33% and 24.94% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, LSCC deals in the Technology domain. The stock is trading -15.91 percent below its 52-week high and 138.42 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 97.88. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Lattice Semiconductor Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 12.80 percent and the profit margin is 11.60 percent, and the company has reported a gross margin of 60.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $6.92 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Lattice Semiconductor Corporation (NASDAQ:LSCC) is 145.67. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 46.18. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 16.97 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 17.41, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
MAJOR JOHN E, the Director at Lattice Semiconductor Corporation (LSCC) has sold 1,000 shares of firm on Apr 01 at a price of $45.84 against the total amount of $45840.0. In another inside trade, Jensen Mark Edwin, Director of Lattice Semiconductor Corporation (NASDAQ:LSCC) sold 9,000 shares of the firm on Apr 01 for a total worth of $0.42 million at a price of $46.52. An inside trade which took place on Mar 29, Director of Lattice Semiconductor Corporation BOURGOIN JOHN sold 5,777 shares of firm against total price of $0.25 million at the cost of $43.68 per share.