In recent trading activity, Tracy Ann Feanny, SVP and General Counsel of Lattice (OTC:LTTC) Semiconductor Corp (NASDAQ:LSCC), sold 703 shares of company stock at a price of $77.85 per share. The total value of the transaction amounted to approximately $54,728. The sale was conducted under an approved 10b5-1 Plan, with the adoption date of the plan being November 29, 2023.
This transaction has altered Feanny's holdings in the company, leaving her with 12,084 shares of Lattice Semiconductor (NASDAQ:LSCC) following the sale. The plan under which this sale was executed allows corporate insiders to set up a trading plan for selling stocks they own. It is designed to avoid accusations of market manipulation by setting up a scheduled plan to sell stocks at a time when the insider does not have any private, material information.
Lattice Semiconductor Corp, headquartered in Hillsboro, Oregon, is known for its work in the semiconductor and related devices industry. The company's stock is publicly traded, allowing investors to partake in its financial growth and movements.
Investors often keep an eye on insider transactions as they can provide insights into how the company's top executives view the stock's value and future performance. However, these transactions are common and can be motivated by a variety of personal financial needs or portfolio strategies. It is one of many factors that investors consider when making investment decisions.
The reported transaction was filed with the Securities and Exchange Commission (SEC) and is available for public viewing. The SEC requires insiders to report their transactions in a timely manner to maintain transparency in the markets and ensure that all investors have access to the same information.
InvestingPro Insights
As Lattice Semiconductor Corp (NASDAQ:LSCC) continues to navigate the semiconductor industry, recent market data from InvestingPro shows a company with a high valuation but also with some robust financial metrics. The company's market capitalization stands at $10.4 billion, reflecting its position in the market. Despite a slight revenue decline of 0.07% over the last twelve months as of Q1 2024, Lattice Semiconductor maintains a strong gross profit margin of 69.53%, indicating its ability to retain a significant portion of sales as gross profit.
One of the InvestingPro Tips highlights that Lattice Semiconductor is trading at a high Price / Book multiple of 15.24 as of Q1 2024, which may suggest that the market has high expectations for the company's future growth and profitability. Additionally, with a P/E ratio of 47.82, the company is trading at a premium relative to its earnings, which is a point of consideration for investors looking at the stock's value proposition.
Investors interested in a deeper dive into Lattice Semiconductor's financial health can explore more insights on InvestingPro. There are 18 additional InvestingPro Tips available, offering a comprehensive analysis of the company's financials and market position. For those looking to subscribe, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
It's important to note that while insider transactions like the sale by Tracy Ann Feanny can provide a glimpse into how executives view the company's stock, they should be considered as part of a broader investment strategy. The provided InvestingPro Tips and data can serve as valuable tools for investors to understand the underlying financials and market sentiment towards Lattice Semiconductor.
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