Lattice Semiconductor to Buy Back up to 5 Million Shares

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Lattice Semiconductor

(LSCC) - Get Report

said the company's board authorized a stock repurchase program covering up to 5 million common shares.

The Hillsboro, Ore., semiconductor company said the repurchased shares will be used to offset dilution due to the exercise of employee stock options. The company has about 107.4 million shares outstanding.

Shares of Lattice were lately down 2.4% to $17.63 in late

Nasdaq

trading.