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Lattice Semiconductor Announces $60M Share Buyback Program

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  • Lattice Semiconductor Corp (NASDAQ: LSCCboard 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.
 

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