It is currently trading at $5.85 which is marginally higher than the 50 day moving average of $5.53 and which is marginally lower than the 200 day moving average of $6.31. The 50 day moving average moved up $0.32 and the 200 day average moved down $-0.46. 667K shares changed hands on Tuesday. Overall, volume was down 50.28% under the stocks normal daily volume.
Traders are feeling more bullish on Lattice Semiconductor Corporati recently as implied by the downtick in short interest. The company experienced a fall in short interest of -3.14% as of the latest report on October 13, 2017. Short shares decreased from 2,221,711 to 2,151,843 over that period. Days to cover decreased 0.0 to 2.0 and the percentage of shorted shares is 0.02% as of October 13.
A few notable investment firms have updated their holdings. Boston Advisors LLC added to its ownership by buying 21,240 shares an increase of 30.5% from 06/30/2017 to 09/30/2017. Boston Advisors LLC currently owns 90,865 shares with a value of $473,000. The value of the position overall is up by 1.9%. Nationwide Fund Advisors divested its stake by shedding 1,906 shares a decrease of 2.4%. Nationwide Fund Advisors now holds 78,750 shares valued at $410,000. The total value of its holdings decreased 23.6%.
As of quarter end Aperio Group, LLC had bought 2,870 shares growing its position 19.5%. The value of the company’s investment in Lattice Semiconductor Corporati went from $98,000 to $92,000 decreasing 6.1% quarter over quarter. Simplex Trading, LLC downsized its holdings by selling 8,410 shares a decrease of 70.7% as of 09/30/2017. Simplex Trading, LLC controls 3,493 shares worth $18,000. The total value of its holdings decreased 77.2%.
On September 14 Jefferies left the company rating at “Hold” and moved down the price target from $9.00 to $6.50. On October 18, 2017 the stock rating was changed to “Buy” by Jefferies a boost from the previous “Hold” rating.
As of the last earnings report the EPS was $-0.34 and is estimated to be $0.09 for the current year with 122,971,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.03 with next year’s EPS projected 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..