Lattice Semiconductor Corporation’s (NASDAQ:LSCC) 25% Share Price Surge Not Quite Adding Up
Despite an already strong run, Lattice Semiconductor Corporation (NASDAQ:LSCC) shares have been powering on, with a gain of 25% in the last thirty days. The bad news is that even after the stocks recovery in the last 30 days, shareholders are still underwater by about 8.9% over the last year.
After such a large jump in price, given close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may consider Lattice Semiconductor as a stock to avoid entirely with its 61.1x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
While the market has experienced earnings growth lately, Lattice Semiconductor’s…
