Lattice Semiconductor boosts leadership with new CFO and executives

HILLSBORO, Ore. - Lattice (OTC:LTTC) Semiconductor Corporation (NASDAQ: LSCC), known for its low power programmable solutions, has announced an expansion of its executive team with the appointment of Lorenzo Flores as Chief Financial Officer, Nicole Singer as Chief People Officer, and the promotion of Erhaan Shaikh to Senior Vice President of Worldwide Sales. These appointments are effective immediately. According to InvestingPro data, the company maintains strong financial health with a current ratio of 3.98x and minimal debt levels, operating with a market capitalization of $7.5 billion.

The company’s recent leadership changes come as part of a strategic move to support its next growth phase. Tonya Stevens, who has been serving as interim CFO since October 2024, has been named Lattice Chief Accounting Officer. The new executives replace Terese Kemble and Mark Nelson, who are retiring but will assist in the transition over the coming weeks. InvestingPro analysis indicates the company faces near-term challenges, with analysts anticipating a revenue decline this year, though the company maintains strong profitability with a gross margin of 68.9%.

Lattice’s CEO, Ford (NYSE:F) Tamer, expressed confidence in the new team’s ability to drive growth and innovation. He commended the outgoing executives for their contributions to the company’s transformation and laid the groundwork for future success.

Flores brings over three decades of financial leadership experience, having held CFO positions at Intel (NASDAQ:INTC) Foundry, Xilinx (NASDAQ:XLNX), and UXComm, among others. His expertise includes financial planning, operations, and driving transformational growth. Singer, with 30 years of human resources and technical leadership experience, aims to leverage her background to foster growth opportunities at Lattice. Shaikh, a veteran with over 35 years in the technology industry, has been instrumental in transforming Lattice’s worldwide sales strategies since joining the company in 2020.

Lattice Semiconductor, which addresses customer needs across various markets such as Communications, Computing, Industrial, Automotive, and Consumer, is positioning itself for further innovation and market leadership with these strategic leadership appointments. For deeper insights into Lattice Semiconductor’s financial health and growth prospects, including over 30 key financial metrics and exclusive analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.

The information for this article is based on a press release statement.

In other recent news, Lattice Semiconductor has seen several key developments. KeyBanc analysts have raised the company’s stock target to $70, based on a 43 times multiple of the firm’s estimated 2026 earnings per share (EPS) of $1.61. This adjustment in price target follows the introduction of KeyBanc’s 2026 estimates and an updated valuation approach.

Simultaneously, Lattice Semiconductor has launched a new equity incentive plan, aiming to reserve 2 million shares of common stock for equity awards. This move is part of the company’s efforts to attract top talent and enhance its competitive position in the semiconductor market.

On the analyst front, both Needham and Baird have shown confidence in Lattice Semiconductor. Needham has raised its price target to $70, maintaining a Buy rating, following the company’s Developers Conference. Baird has increased its price target to $68, retaining an Outperform rating, citing the company’s growth potential in artificial intelligence (AI) and security.

Lastly, Lattice Semiconductor has expanded its common stock repurchase program by an additional $100 million, extending through December 2025. This decision reflects the company’s confidence in its financial performance and strong cash flow. These are the recent developments for Lattice Semiconductor.

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