Lattice Semiconductor Announces $60M Share Buyback Program

Lattice Semiconductor Corp (NASDAQ: LSCC) board has authorized a stock buyback program of $60 million over the next year.
"This share repurchase program reflects the continuing financial strength of our business and reinforces our commitment to enhancing shareholder value," said Lattice Semiconductor Corp CFO Sherri Luther.
Lattice generated an FY20 operating cash flow of $92 million and ended the year with $182.3 million in cash and equivalents.
LSCC stock has gained 141% in the last year.
Price action: LSCC shares closed lower by 1.61% at $45.84 on Tuesday.