Sherri Luther, the Senior Vice President and Chief Financial Officer of Lattice Semiconductor Corp, recently sold 7,500 shares of the company. This sale is part of a larger trend of insider trading activity observed within the company.
Lattice Semiconductor Corp is a global developer and distributor of semiconductor technologies. Their product offerings include programmable logic devices, video connectivity application-specific standard products, and millimeter-wave devices. These products are utilized across various industries, including communications, computing, industrial, automotive, and consumer.
Over the past year, Sherri Luther has sold a total of 67,455 shares of the company and has not made any purchases. This trend is consistent with the overall insider transaction history of Lattice Semiconductor Corp, which shows 48 insider sells and no insider buys over the past year.
The recent sale by Sherri Luther occurred when the shares of Lattice Semiconductor Corp were trading at $90.74, resulting in a market cap of $12.05 billion. The price-earnings ratio at this price was 59.90, which is higher than the industry median but lower than the company’s historical median price-earnings ratio.
According to GuruFocus, the GF Value of Lattice Semiconductor Corp at the time of the insider’s sell was $87.36. This indicates that the stock was fairly valued at the time of the sale, as the price-to-GF-Value ratio was 1.04.
The GF Value is an intrinsic value estimate developed by GuruFocus. It takes into account historical multiples that the stock has traded at, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
While insider sells may initially be perceived as a lack of confidence in the company’s stock, it’s important to consider the context and other factors. In this case, the stock was fairly valued at the time of the sale according to the GF Value. Therefore, the insider’s sell may not necessarily indicate a negative outlook for the company.
Investors should always analyze the reasons behind insider transactions and consider other factors such as the company’s financial health, market conditions, and industry trends when making investment decisions.
Source: GuruFocus