Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Lattice Semiconductor Corp. (NASDAQ: LSCC) was $70.22 for the day, down -6.46% from the previous closing price of $75.07. In other words, the price has decreased by -$6.46 from its previous closing price. On the day, 2.42 million shares were traded. LSCC stock price reached its highest trading level at $75.46 during the session, while it also had its lowest trading level at $70.16.
Ratios:
Our analysis of LSCC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 75.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.87. For the most recent quarter (mrq), Quick Ratio is recorded 2.76 and its Current Ratio is at 3.78. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on November 30, 2023, initiated with a Buy rating and assigned the stock a target price of $70.
On October 24, 2023, Needham started tracking the stock assigning a Buy rating and target price of $90.
On September 29, 2023, BofA Securities started tracking the stock assigning a Neutral rating and target price of $95.BofA Securities initiated its Neutral rating on September 29, 2023, with a $95 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 ’24 when Luther Sherri R sold 23,006 shares for $74.78 per share. The transaction valued at 1,720,342 led to the insider holds 124,116 shares of the business.
O’Rourke Glenn sold 8,594 shares of LSCC for $645,637 on Feb 26 ’24. The SVP, Mfg Ops now owns 0 shares after completing the transaction at $75.13 per share. On Feb 26 ’24, another insider, Feanny Tracy Ann, who serves as the SVP, General Counsel of the company, sold 6,318 shares for $75.14 each. As a result, the insider received 474,725 and left with 11,908 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LSCC now has a Market Capitalization of 9658058752 and an Enterprise Value of 9546793984. As of this moment, Lattice’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.84, and their Forward P/E ratio for the next fiscal year is 39.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.10 while its Price-to-Book (P/B) ratio in mrq is 13.94. Its current Enterprise Value per Revenue stands at 12.951 whereas that against EBITDA is 38.401.
Stock Price History:
The Beta on a monthly basis for LSCC is 1.38, which has changed by -0.22622591 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, LSCC has reached a high of $98.30, while it has fallen to a 52-week low of $51.96. The 50-Day Moving Average of the stock is -6.82%, while the 200-Day Moving Average is calculated to be -7.86%.
Shares Statistics:
LSCC traded an average of 2.13M shares per day over the past three months and 1443900 shares per day over the past ten days. A total of 137.34M shares are outstanding, with a floating share count of 135.74M. Insiders hold about 1.31% of the company’s shares, while institutions hold 109.59% stake in the company. Shares short for LSCC as of 1711584000 were 12373214 with a Short Ratio of 5.80, compared to 1709164800 on 12634073. Therefore, it implies a Short% of Shares Outstanding of 12373214 and a Short% of Float of 11.91.
Earnings Estimates
The market rating of Lattice Semiconductor Corp. (LSCC) is currently shaped by the ongoing analysis conducted by 12 analysts closely monitoring its performance.On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.3 and a low estimate of $0.27, while EPS last year was $0.51. The consensus estimate for the next quarter is $0.28, with high estimates of $0.3 and low estimates of $0.27.
Analysts are recommending an EPS of between $1.35 and $1.2 for the fiscal current year, implying an average EPS of $1.31. EPS for the following year is $1.79, with 11 analysts recommending between $2.07 and $1.49.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $140.7M to a low estimate of $139.9M. As of the current estimate, Lattice Semiconductor Corp.’s year-ago sales were $184.31M, an estimated decrease of -24.00% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $140.7M, a decrease of -25.20% less than the figure of -$24.00% in the same quarter last year. There is a high estimate of $142.8M for the next quarter, whereas the lowest estimate is $138.78M.
A total of 12 analysts have provided revenue estimates for LSCC’s current fiscal year. The highest revenue estimate was $620.3M, while the lowest revenue estimate was $582M, resulting in an average revenue estimate of $603.34M. In the same quarter a year ago, actual revenue was $737.15M, down -18.20% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $728.61M in the next fiscal year. The high estimate is $807.8M and the low estimate is $676.5M. The average revenue growth estimate for next year is up 20.80% from the average revenue estimate for this year.
