Today: Lattice Semiconductor Corp. (LSCC) Short Interest Update

Today: Lattice Semiconductor Corp. (LSCC) Short Interest Update

Lattice Semiconductor Corp. (NASDAQ:LSCC) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,090,268 shares, a decrease of 30.7% from the October 31st total of 8,793,789 shares. Based on an average daily volume of 6,164,402 shares, the short-interest ratio is currently 1.0 days. Approximately 5.3% of the company’s stock are short sold.

A number of brokerages have recently weighed in on LSCC. Zacks Investment Research downgraded Lattice Semiconductor Corp. from a “hold” rating to a “sell” rating in a report on Friday, November 11th. Jefferies Group upped their target price on Lattice Semiconductor Corp. from $6.50 to $6.75 and gave the company a “buy” rating in a report on Wednesday, August 10th. Susquehanna began coverage on Lattice Semiconductor Corp. in a report on Tuesday, September 20th. They issued a “positive” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $8.00 target price on shares of Lattice Semiconductor Corp. in a report on Thursday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.

Institutional investors have recently added to or reduced their stakes in the stock. RS Investment Management Co. LLC boosted its position in Lattice Semiconductor Corp. by 66.6% in the second quarter. RS Investment Management Co. LLC now owns 675,050 shares of the company’s stock valued at $3,612,000 after buying an additional 269,910 shares during the period. FNY Managed Accounts LLC raised its stake in shares of Lattice Semiconductor Corp. by 9.3% in the second quarter. FNY Managed Accounts LLC now owns 47,901 shares of the company’s stock worth $256,000 after buying an additional 4,093 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lattice Semiconductor Corp. by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 479,506 shares of the company’s stock worth $2,565,000 after buying an additional 17,349 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Lattice Semiconductor Corp. by 1.7% in the second quarter. California State Teachers Retirement System now owns 251,597 shares of the company’s stock worth $1,346,000 after buying an additional 4,173 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Lattice Semiconductor Corp. by 15.5% in the second quarter. Frontier Capital Management Co. LLC now owns 5,071,677 shares of the company’s stock worth $27,133,000 after buying an additional 682,371 shares in the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.

Lattice Semiconductor Corp. (NASDAQ:LSCC) opened at 7.25 on Monday. Lattice Semiconductor Corp. has a 12-month low of $4.02 and a 12-month high of $7.99. The company has a 50-day moving average price of $6.90 and a 200-day moving average price of $6.16. The firm’s market cap is $878.36 million.

Lattice Semiconductor Corp. (NASDAQ:LSCC) last released its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Lattice Semiconductor Corp. had a negative net margin of 22.28% and a negative return on equity of 5.57%. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $113.04 million. On average, analysts predict that Lattice Semiconductor Corp. will post $0.19 earnings per share for the current year.

About Lattice Semiconductor Corp.

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