Lattice Semiconductor Corporation (NASDAQ: LSCC) has recently announced an additional $100 million stock repurchase program authorization, showcasing their confidence in the company's financial performance and strong cash flow. Since the fourth quarter of 2020, the company has repurchased approximately 6 million shares, resulting in a 4.3% reduction in dilution.
This move reflects the company's commitment to returning capital to shareholders while investing in strategic initiatives that drive future growth. The 2025 repurchase program is effective immediately, and under this program, Lattice may purchase shares of its common stock through open market and privately negotiated transactions at prices deemed appropriate by management.
The company's interim Chief Financial Officer, Tonya Stevens, highlighted the company's focus on maximizing long-term shareholder value through this repurchase program. The timing and amount of repurchase transactions under this program will depend on market conditions, share price, corporate and regulatory considerations, and other factors. It's important to note that the repurchase program may be suspended or discontinued by the company at any time without prior notice.
This announcement comes as Lattice Semiconductor Corporation continues to make strategic moves to enhance shareholder value and maintain a strong financial position. The market has reacted to these announcements by moving the company's shares 7.1% to a price of $61.76. Check out the company's full 8-K submission here.
