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Lattice Semiconductor Announces Stock Repurchase Program
HILLSBORO, Ore.--(BUSINESS WIRE)-- Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today announced that its Board of
About this update from Lattice Semiconductor Corporation
[{"type":"text","content":" HILLSBORO, Ore.--(BUSINESS WIRE)--\nLattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, today announced that its Board of Directors has authorized the Company to repurchase up to an additional $100 million of its outstanding common stock through the end of December 2022.\n\nSherri Luther, Chief Financial Officer, said, \"This share repurchase program reflects the strong cash generation and financial strength of our business, reinforcing our commitment to delivering shareholder value.”\n\nThe authorization to repurchase up to $100 million of Lattice’s common stock is in addition to the authorization by the Board of Directors, on February 19, 2021, to repurchase up to $60 million of its outstanding common stock until February 19, 2022. As of October 2, 2021, $4.9 million remained available to repurchase shares under the February 19, 2021 authorization.\n\nUnder the program, Lattice may purchase shares of its common stock through open market and privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions, share price, corporate and regulatory considerations and other factors. The Company intends to conduct the program in compliance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The repurchase program may be suspended or discontinued by the Company at any time.\n\nForward-Looking Statements Notice:\n\nThe foregoing paragraphs contain forward-looking statements that involve estimates, assumptions, risks and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. Such forward-looking statements include, but are not limited to, statements relating to: the amount of our outstanding capital stock we plan to or will purchase under the repurchase program. Other forward-looking statements may be indicated by words such as “will,” “could,” “should,” “would,” “may,” “expect,” “plan,” “project,” “anticipate,” “intend,” “forecast,” “future,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue” or the negative of these terms or other comparable terminology.\n\nActual results may differ materially from our expectations and are subject to ...