Lattice Semiconductor (LSCC) Strong On High Relative Volume Today

Trade-Ideas LLC identified Lattice Semiconductor (LSCC) as a strong on high relative volume candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Lattice Semiconductor

(

LSCC

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Lattice Semiconductor as such a stock due to the following factors:

  • LSCC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.1 million.
  • LSCC has traded 168,781 shares today.
  • LSCC is trading at 3.11 times the normal volume for the stock at this time of day.
  • LSCC is trading at a new high 3.23% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in LSCC with the Ticky from Trade-Ideas. See the FREE profile for LSCC NOW at Trade-Ideas

More details on LSCC:

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor devices in Asia, Europe, and the Americas. It offers programmable logic devices that consist of four product family lines, such as the ECP, MachXO, iCE40, and programmable mixed signal devices. Currently there are 3 analysts that rate Lattice Semiconductor a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Lattice Semiconductor has been 1.3 million shares per day over the past 30 days. Lattice Semiconductor has a market cap of $717.5 million and is part of the technology sector and electronics industry. The stock has a beta of 1.34 and a short float of 14.7% with 15.26 days to cover. Shares are down 9.1% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Lattice Semiconductor as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally higher debt management risk.

Highlights from the ratings report include:

  • LSCC's revenue growth has slightly outpaced the industry average of 5.9%. Since the same quarter one year prior, revenues slightly increased by 8.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 63.0% when compared to the same quarter one year prior, rising from -$53.35 million to -$19.71 million.
  • LATTICE SEMICONDUCTOR CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, LATTICE SEMICONDUCTOR CORP swung to a loss, reporting -$1.35 versus $0.41 in the prior year. This year, the market expects an improvement in earnings ($0.38 versus -$1.35).
  • The debt-to-equity ratio of 1.16 is relatively high when compared with the industry average, suggesting a need for better debt level management. Regardless of the company's weak debt-to-equity ratio, LSCC has managed to keep a strong quick ratio of 1.60, which demonstrates the ability to cover short-term cash needs.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, LATTICE SEMICONDUCTOR CORP's return on equity significantly trails that of both the industry average and the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

Loading ...