Lattice Semiconductor Expands Stock Repurchase Program With New $250M Authorization
Portfolio Pulse from Benzinga Newsdesk
Lattice Semiconductor has expanded its stock repurchase program with a new $250 million authorization, effective immediately.
November 30, 2023 | 9:01 pm
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POSITIVE IMPACT
Lattice Semiconductor's new $250M stock repurchase program signals confidence in the company's financial health and a commitment to returning value to shareholders.
Stock repurchase programs often lead to a positive short-term impact on a company's stock price as they can indicate management's belief that the stock is undervalued. Additionally, buybacks reduce the number of shares outstanding, potentially increasing earnings per share and the stock's value. Given the size of the authorization, this is a significant move for LSCC and is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100