Director Files Intent to Sell Nearly $1 Million in Stock
Summary
A director at Lattice Semiconductor has filed to sell nearly $1 million in company stock, adding to recent insider selling activity as the stock trades near its 52-week high.
Key Events
-
Director Files Intent to Sell Shares
Director James P Lederer filed a Form 144 to sell 6,101 shares of common stock, valued at approximately $939,157.44.
-
Sale Near 52-Week High
The proposed sale comes as Lattice Semiconductor's stock is trading near its 52-week high, potentially indicating profit-taking.
-
Part of Broader Insider Selling
This filing contributes to a pattern of insider distribution, with over $1.8 million in net insider sales reported in the last 90 days.
Analysis
Director James P Lederer has filed a Form 144 indicating an intent to sell approximately $939,000 worth of common stock. This sale, representing shares acquired as restricted stock, occurs while the company's stock is trading near its 52-week high, suggesting profit-taking. This filing contributes to a broader pattern of insider distribution observed over the past 90 days.
At the time of this filing, LSCC was trading at $154.75 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $21.2B. The 52-week trading range was $44.16 to $155.82. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.