Price Action Don’t Lie: After Touching 52-Week High, Is Lattice Semiconductor’s Near-Term Analysis Positive?

Price Action Don't Lie: After Touching 52 Week High, Is Lattice Semiconductor's Near Term Analysis Positive?

The stock of Lattice Semiconductor (NASDAQ:LSCC) hit a new 52-week high and has $11.76 target or 55.00% above today’s $7.59 share price. The 5 months bullish chart indicates low risk for the $949.60M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $11.76 price target is reached, the company will be worth $522.28 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 23.06 million shares traded hands or 1501.39% up from the average. Lattice Semiconductor (NASDAQ:LSCC) has risen 13.95% since April 1, 2016 and is uptrending. It has outperformed by 12.74% the S&P500.

Lattice Semiconductor (NASDAQ:LSCC) Ratings Coverage

Out of 4 analysts covering Lattice Semiconductor (NASDAQ:LSCC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Lattice Semiconductor has been the topic of 7 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, August 10 by Jefferies. The company was initiated on Tuesday, September 20 by Susquehanna. FBR Capital maintained it with “Outperform” rating and $6.50 target price in Thursday, February 18 report. Craig Hallum downgraded the stock to “Hold” rating in Thursday, April 14 report. The firm has “Hold” rating given on Tuesday, August 4 by Zacks. The firm earned “Outperform” rating on Monday, March 7 by FBR Capital.

According to Zacks Investment Research, “Lattice Semiconductor Corporation designs, develops and markets high performance programmable logic devices and related development system software. Programmable logic devices are standard smiconductor components that can be configured by the end customer as specific logic functions, enabling shorter design cycle times and reduced developpment costs.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.39, from 1.41 in 2016Q1. The ratio worsened, as 18 funds sold all Lattice Semiconductor shares owned while 30 reduced positions. 11 funds bought stakes while 38 increased positions. They now own 93.79 million shares or 2.57% less from 96.27 million shares in 2016Q1.
Goldman Sachs Group holds 111,651 shares or 0% of its portfolio. Moreover, California Public Employees Retirement Sys has 0% invested in Lattice Semiconductor (NASDAQ:LSCC) for 287,500 shares. Bnp Paribas Arbitrage Sa holds 0% or 6,344 shares in its portfolio. Cornerstone Cap Mngmt Hldg Limited Co holds 0% or 3,800 shares in its portfolio. Great West Life Assurance Co Can has 0% invested in the company for 25,898 shares. Amer Grp Inc Inc accumulated 0% or 69,071 shares. Geode Cap Mngmt Limited Liability Corporation owns 849,813 shares or 0% of their US portfolio. Tieton Cap Mgmt Ltd Liability Com reported 649,470 shares or 3.38% of all its holdings. Rhumbline Advisers last reported 0% of its portfolio in the stock. Pinnacle Limited accumulated 85,650 shares or 0.01% of the stock. Boothbay Fund Mgmt Ltd holds 0.04% or 15,400 shares in its portfolio. Mackenzie Finance Corp accumulated 0.01% or 400,204 shares. Lombard Odier Asset Management (Usa) has 559,174 shares for 0.36% of their US portfolio. Tiaa Cref Mgmt Ltd holds 0% or 365,901 shares in its portfolio. D E Shaw holds 145,825 shares or 0% of its portfolio.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 1 sale for $57,928 net activity. 10,992 Lattice Semiconductor (NASDAQ:LSCC) shares with value of $57,928 were sold by Milstead Byron Wayne.

More notable recent Lattice Semiconductor (NASDAQ:LSCC) news were published by: Reuters.com which released: “Lattice Semiconductor to be bought by Canyon Bridge” on November 03, 2016, also Reuters.com with their article: “BRIEF-Lattice Semiconductor to be acquired by Canyon Bridge Capital Partne…” published on November 03, 2016, Barrons.com published: “China Inc. Retreats From Lattice Semiconductor” on October 07, 2016. More interesting news about Lattice Semiconductor (NASDAQ:LSCC) were released by: Oregonlive.com and their article: “Lattice Semiconductor shares jump on report of deal with Apple” published on February 18, 2016 as well as Reuters.com‘s news article titled: “Exclusive: Lattice Semiconductor explores sale amid Chinese interest – sou…” with publication date: February 27, 2016.

LSCC Company Profile

Lattice Semiconductor Corporation, incorporated on March 1, 1985, is engaged in providing connectivity solutions. The Company’s end-market industries range from consumer electronics to industrial equipment, communications infrastructure and licensing. The Firm operates through two divisions: the core Lattice (Core) business, which includes intellectual property and semiconductor devices, and Qterics, a software-as-a-service business unit in the Lattice legal entity structure. The Firm offers three types of semiconductor devices, including Programmable Logic Device (PLDs), Video Connectivity application specific standard products (ASSPs), and millimeterWave devices.

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