Lattice Semiconductor director sells $639,708 in stock

HILLSBORO, OR—Robin Ann Abrams, a director at Lattice (OTC:LTTC) Semiconductor Corp. (NASDAQ:LSCC), a semiconductor company with an $8.6 billion market capitalization, recently executed a significant stock sale, according to a Form 4 filing with the Securities and Exchange Commission. On February 26, Abrams sold 10,000 shares of the semiconductor company’s common stock, generating proceeds of approximately $639,708. The shares were sold at an average price of $63.9708 per share, with individual transaction prices ranging from $63.685 to $64.00. The sale comes as the stock has experienced a 9% decline over the past week, despite showing strong momentum with a nearly 28% gain over the past six months. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with multiple indicators suggesting premium valuations.

Following the sale, Abrams holds 6,279 shares directly, while 122,538 shares are held indirectly through the Abrams Family Trust. The transaction reflects an internal reallocation of shares within Abrams’ portfolio. InvestingPro subscribers can access 15+ additional insights about LSCC, including detailed valuation metrics and financial health indicators showing the company operates with moderate debt levels and maintains strong liquidity.

In other recent news, Intel Corp (NASDAQ:INTC). is in exclusive discussions with Silver Lake Management regarding the sale of a majority stake in its Altera unit. The negotiations are advanced, although the outcome remains uncertain. This potential transaction follows Intel’s previous announcement of intentions to divest part of Altera, which has drawn interest from other firms like Lattice Semiconductor and various buyout groups. Meanwhile, Lattice Semiconductor has been the focus of several analyst updates following its recent financial performance. CFRA raised Lattice’s price target to $66, maintaining a Hold rating, while TD Cowen increased it to $75 with a Buy rating, citing signs of stability after a challenging period. Benchmark also raised Lattice’s target to $65, highlighting record design wins and product momentum. Stifel adjusted their target to $70, maintaining a Buy rating, and noted the company’s improving bookings trend and positive management outlook. These developments indicate analyst confidence in Lattice’s strategic direction despite broader industry challenges.

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