In recent trading activity, Tracy Ann Finney, Senior Vice President and General Counsel of Lattice (OTC:) Semiconductor Corp (NASDAQ:LSCC), sold 703 shares of the company's stock at a price of $77.85 per share. The total value of the deal was approximately $54,728. The sale was conducted under an approved 10b5-1 plan, and the plan approval date was November 29, 2023.
This deal changed Feanny's holdings in the company, leaving her with 12,084 shares in Lattice Semiconductor after the sale. The plan under which this sale was executed allows corporate insiders to prepare a trading plan to sell shares they own. They are designed to avoid accusations of market manipulation by creating a scheduled plan to sell shares at a time when insiders do not have any material private information.
Lattice Semiconductor Corp., headquartered in Hillsboro, Oregon, is best known for its work in the semiconductor and related devices industry. The company's shares are publicly traded, allowing investors to participate in its growth and financial movements.
Investors often watch insider transactions as they can provide insights into how a company's top executives view the stock's value and future performance. However, these transactions are common and can be driven by a variety of personal financial needs or portfolio strategies. It is one of the many factors that investors take into consideration when making investment decisions.
The reported transaction has been 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 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 solid financial metrics. The company's market capitalization is $10.4 billion, which reflects its position in the market. Despite a slight decline in revenue of 0.07% over the past 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 InvestingPro tip highlights that Lattice Semiconductor is trading at a high price/book multiple of 15.24 as of Q1 2024, which could indicate 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 compared to its earnings, which is a point of consideration for investors looking at the stock's value proposition.
Investors interested in delving deeper into Lattice Semiconductor's financial health can explore more insights on InvestingPro. There are 18 additional tips available to InvestingPro, providing a comprehensive analysis of a company's financial health and market position. For those interested in subscribing, use the coupon code Pronews24 Get an extra 10% off your Pro and Pro+ subscription annually or every two years.
It's important to note that while insider transactions like Tracy Ann Feanny's sale can provide a glimpse into how executives view a company's stock, they should be considered part of a broader investment strategy. The InvestingPro advice and data provided can serve as valuable tools for investors to understand the fundamental financials and market sentiment towards Lattice Semiconductor.
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