Lattice Semiconductor expands stock repurchase program with $250M authorization

Lattice Semiconductor Corporation announced that its Board of Directors authorized the company to repurchase up to an additional $250M of its outstanding common stock through the end of December 2024. During the fourth quarter of 2023, the company repurchased $50M or approximately 900,000 shares. The company has repurchased a total of approximately 4.8M shares since the fourth quarter of 2020 thereby reducing dilution by 3.4%. Sherri Luther, Chief Financial Officer, said, “With our recent share repurchase in the fourth quarter of 2023, we have executed on our thirteenth consecutive quarter of share buybacks. This latest share repurchase program expansion that we are announcing today is an important component of our capital allocation program and reflects the financial strength of our business, confidence in our long-term financial model, and continued commitment to delivering shareholder value.”