In a recent transaction filed with the Securities and Exchange Commission, Mark Jon Nelson, the Senior Vice President of Sales at Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), sold 1,210 shares of the company's common stock. The sale was executed at an average price of $72.97 per share, resulting in a total value of $88,293.
The transaction, detailed in the regulatory filing, occurred on May 20, 2024, under a prearranged 10b5-1 trading plan. Such plans allow company insiders to set up a predetermined schedule for buying or selling shares at a time when they are not in possession of material non-public information, to avoid accusations of insider trading. The plan under which this sale was conducted had been adopted on August 24, 2023.
Following the sale, Nelson continues to hold 14,554 shares of Lattice Semiconductor, indicating a continued stake in the company's performance. The sale represents a partial divestment of his holdings but still leaves him with a significant investment in the semiconductor firm.
Lattice Semiconductor Corp, headquartered in Hillsboro, Oregon, operates in the semiconductor and related devices industry. The company's stock is traded on the NASDAQ under the ticker symbol LSCC. This recent transaction provides investors with insight into the trading activities of the company's high-level executives, which can be an indicator of their confidence in the company's future prospects.
InvestingPro Insights
Lattice Semiconductor Corp (NASDAQ:LSCC) has been a subject of interest for investors, particularly in light of recent insider trading activity. To provide further context, InvestingPro data indicates that Lattice Semiconductor currently holds a market capitalization of approximately 10.08 billion USD. Despite a slight decline in revenue over the last twelve months as of Q1 2024, with a -0.07% change, the company maintains a strong gross profit margin of 69.53%, illustrating its ability to retain a significant portion of revenue after the cost of goods sold is accounted for.
The company's P/E ratio stands at 46.41, which suggests that investors are willing to pay a higher price for earnings, possibly anticipating future growth. This is further supported by the company's sizable return on assets of 27.53%, reflecting efficient management of its assets to generate profits. It's important to note, however, that analysts have revised their earnings downwards for the upcoming period and anticipate a sales decline in the current year. Additionally, net income is expected to drop this year, according to InvestingPro Tips. Despite these challenges, the company's cash flows can sufficiently cover interest payments, and its liquid assets exceed short-term obligations, indicating a stable financial position.
Investors considering Lattice Semiconductor as part of their portfolio can find more detailed analysis and additional InvestingPro Tips at https://www.investing.com/pro/LSCC. Currently, there are 17 additional tips available, which can offer deeper insights into the company's valuation, financial health, and market performance. For those looking to access these insights, use the coupon code PRONEWS24 to receive an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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