Company shares last traded at $5.84 which is slightly above the 50 day moving average which is $5.50 and which is slightly below the 200 day moving average of $6.35. The 50 day moving average went up by +6.25% and the 200 day average went down by -7.99%. (NASDAQ:LSCC) shares saw heavy trading volume with 1,540K shares changing hands on Tuesday. Overall, volume was up 133.13% over the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company as evidenced by the change in short interest. The firm had a fall in short interest between September 15, 2017 and September 29, 2017 of -21.00%. Short interest fell from 2,812,373 to 2,221,711 over that period. Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares is 0.02% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (LSCC). As of quarter end Ubs Group Ag had disposed of a total of 1,423 shares trimming its position 59.0%. The value of the investment in Lattice Semiconductor Corporati went from $17,000 to $7,000 a change of $10,000 quarter to quarter. As of the end of the quarter Kassirer Asset Management Corp had sold 50,000 shares trimming its stake by 33.3%. The value of the investment in LSCC decreased from $1,038,000 to $666,000 a change of 35.8% quarter over quarter.
Bluecrest Capital Management Ltd added to its stake by buying 71,035 shares an increase of 119.1% as of 06/30/2017. Bluecrest Capital Management Ltd currently owns 130,667 shares valued at $870,000. The value of the position overall is up by 110.7%. Cutler Group LP bolstered its holdings by buying 1,800 shares an increase of 22.0% in the quarter. Cutler Group LP controls 10,000 shares worth $4,000. The total value of its holdings decreased 0.0%.
On September 14 Jefferies left the company rating at “Hold” and moved down the price target to $6.50 from $9.00. On October 18 the stock rating was upgraded from “Hold” to “Buy” by analysts at Jefferies.
As of the latest earnings report the EPS was $-0.34 and is expected to be $0.09 for the current year with 122,971,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.03 and the next full year EPS is anticipated to be $0.38.
Lattice Semiconductor Corporation, launched on March 1, 1985, is involved in providing connectivity solutions. The Business’s end-market industries range from consumer electronics to industrial equipment, communications infrastructure and licensing. The Company operates through two segments: 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 Company offers three types of semiconductor devices, including Programmable Logic Device (PLDs), Video Connectivity application specific standard products (ASSPs), and millimeterWave devices..