In a recent transaction, Elizabeth Schwarting, a director at Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), sold 650 shares of the company's common stock at a price of $69.20 each, amounting to a total value of $44,980. The sale occurred on May 10, 2024, as disclosed in a filing with the Securities and Exchange Commission.
The transaction has adjusted Schwarting's holdings in Lattice Semiconductor, leaving her with a total of 1,920 shares following the sale. The company, known for its specialization in semiconductors and related devices, is incorporated in Delaware and has its business address in Hillsboro, Oregon.
Investors often keep an eye on insider transactions as they can provide insights into the company's performance and the confidence level of its executives and directors in the firm's prospects. The sale by Director Schwarting might attract attention from the market as stakeholders analyze the potential implications.
Lattice Semiconductor Corp has established itself in the semiconductor industry, with a focus on creating smart, connected devices that power various technologies. The company's stock is publicly traded on the NASDAQ exchange under the ticker symbol LSCC.
The detailed information regarding the transaction was signed off by Tracy Feanny, Attorney in Fact for Elizabeth Schwarting, and was filed on May 13, 2024. As per regulatory requirements, insiders of a public company must disclose their trading activities to the SEC, providing transparency to the market and allowing investors to stay informed about significant transactions.
InvestingPro Insights
As stakeholders evaluate the recent insider sale by Elizabeth Schwarting, a director at Lattice Semiconductor Corp (NASDAQ:LSCC), it's important to consider the company's financial health and market performance. According to InvestingPro data, Lattice Semiconductor has a market capitalization of $9.74 billion and is trading at a high earnings multiple with a P/E ratio of 44.53. This valuation indicates a premium relative to the company's near-term earnings growth, with a PEG ratio for the last twelve months as of Q1 2024 standing at 4.08, suggesting that investors are expecting higher future growth compared to the current earnings trajectory.
Furthermore, Lattice Semiconductor's revenue has shown a slight decline of 0.07% over the last twelve months as of Q1 2024, with a more significant quarterly revenue drop of 23.6% in Q1 2024. Despite this, the company maintains a robust gross profit margin of 69.53%, indicating effective cost management relative to its revenues. Additionally, the company's operating income margin stands at 24.98%, reflecting solid profitability from its core operations.
InvestingPro Tips reveal that while analysts have revised their earnings expectations downwards for the upcoming period, and anticipate a sales decline in the current year, the company is still expected to remain profitable. Lattice Semiconductor's cash flows are also reported to be sufficient to cover its interest payments, and its liquid assets surpass short-term obligations, suggesting a healthy liquidity position.
For investors interested in a deeper dive into Lattice Semiconductor's financials and market performance, InvestingPro offers additional insights. There are currently 18 more InvestingPro Tips available for LSCC, which can be accessed at https://www.investing.com/pro/LSCC. To enrich your investment analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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