Mark Jon Nelson, Senior Vice President of Sales at Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), recently sold 1,850 shares of the company’s common stock. The transaction, conducted on January 6, 2025, was executed at a price of $57.28 per share, totaling $105,968. According to InvestingPro data, LSCC currently trades at a high P/E ratio of 54x, with the stock down about 14% over the past year. Following this sale, Nelson holds 83,289 shares directly. The sale was made under a pre-arranged 10b5-1 trading plan, which was adopted on September 6, 2024. While the company maintains strong financial health with a current ratio of 3.98x and minimal debt, InvestingPro analysis reveals 11 analysts have revised their earnings expectations downward for the upcoming period. For comprehensive insider trading patterns and 15+ additional ProTips, subscribers can access the full LSCC research report on InvestingPro.
In other recent news, Lattice Semiconductor has seen several key developments. The company’s third-quarter earnings resulted in a per-share earnings of $0.24 and revenue of $127.1 million. Needham has raised the price target on Lattice Semiconductor’s shares to $70 from $56, maintaining a Buy rating, while Baird has increased its price target to $68, citing potential growth in the AI and security sectors. On the other hand, KeyBanc Capital Markets and TD Cowen have reduced their price targets to $54 and $50 respectively, due to ongoing challenges in the industrial sector.
Lattice Semiconductor has also authorized an additional $100 million for its common stock repurchase program, extending through December 2025. In response to current market conditions, the company has initiated a significant reduction in workforce and operating expenses, aiming to streamline operations. This move is expected to support a recovery following the anticipated industrial correction and inventory reduction through the first half of 2025.
Several analyst firms, including KeyBanc Capital Markets, TD Cowen, CFRA, Needham, and Baird, have adjusted their price targets for Lattice Semiconductor. Despite near-term challenges, these firms maintain a long-term positive outlook for the company, highlighting potential for revenue and earnings per share growth driven by market share gains and total addressable market expansion. These are among the recent developments for the company.
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