Lattice Semiconductor Corp (NASDAQ:LSCC) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,061,076 shares, an increase of 46.7% from the February 15th total of 2,086,330 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 1,373,144 shares, the days-to-cover ratio is presently 2.2 days.
Several equities analysts have recently issued reports on LSCC shares. ValuEngine downgraded shares of Lattice Semiconductor from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, Zacks Investment Research upgraded shares of Lattice Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Lattice Semiconductor has an average rating of “Hold” and an average price target of $7.00.
Lattice Semiconductor (LSCC) opened at $6.48 on Tuesday. Lattice Semiconductor has a fifty-two week low of $5.05 and a fifty-two week high of $7.55. The company has a current ratio of 2.20, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. The stock has a market cap of $795.71, a PE ratio of -11.17, a PEG ratio of 1.71 and a beta of 1.59.
A number of large investors have recently modified their holdings of LSCC. Jane Street Group LLC acquired a new position in Lattice Semiconductor in the 3rd quarter worth approximately $107,000. Ellington Management Group LLC acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $143,000. Aperio Group LLC increased its holdings in Lattice Semiconductor by 57.2% in the 4th quarter. Aperio Group LLC now owns 27,677 shares of the semiconductor company’s stock worth $160,000 after buying an additional 10,070 shares during the period. Alambic Investment Management L.P. acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $180,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Lattice Semiconductor in the 4th quarter worth approximately $223,000. Institutional investors own 88.53% of the company’s stock.
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About Lattice Semiconductor
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure.
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