Microsoft shares jump after fourth-quarter earnings beat on AI-fueled cloud growth
Tracy Ann Feanny, the Senior Vice President and General Counsel at Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), recently sold 5,807 shares of the company’s common stock. The transactions were executed on February 24, 2025, under a pre-established 10b5-1 trading plan. The shares were sold at an average price of $66.30, with the sale prices ranging from $65.77 to $66.72, resulting in a total transaction value of approximately $384,998. The sale comes at a time when Lattice, with a market capitalization of $8.9 billion, is trading near its 52-week high of $85.69. According to InvestingPro analysis, the company currently appears overvalued based on its Fair Value estimates.
Following this sale, Feanny holds 75,792 shares of Lattice Semiconductor. The transactions were part of a previously adopted trading plan, which was put in place on November 29, 2023, to allow for systematic selling of shares. InvestingPro data shows the company maintains strong financial health with a current ratio of 3.66, indicating robust liquidity. Subscribers can access 16 additional ProTips and comprehensive analysis through the Pro Research Report, providing deeper insights into Lattice’s valuation and financial performance.
In other recent news, Intel Corp (NASDAQ:INTC). is in advanced discussions with Silver Lake Management regarding the sale of a majority stake in its programmable chips unit, Altera. While the exact details of the stake are still under negotiation, this move is part of Intel’s broader strategy to revitalize its business. Meanwhile, Lattice Semiconductor has been the subject of several analyst updates. CFRA has raised its price target for Lattice from $48 to $66, maintaining a Hold rating, citing an improved price-to-earnings ratio and a positive outlook for future earnings. TD Cowen has also increased its target to $75, maintaining a Buy rating, and highlighted Lattice’s stability in a challenging market. Benchmark and Stifel have adjusted their targets to $65 and $70, respectively, both maintaining Buy ratings, citing strong product momentum and strategic realignment. Lattice’s recent financial results showed a decline in sales, primarily due to weaknesses in the industrial and automotive sectors, but the company is expected to stabilize and grow, with analysts noting improvements in inventory levels and product innovation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.