Benzinga | Feb 24, 2021 08:16AM EST

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.