Insider Trading March 11, 2026

Lattice Semiconductor SVP Disposes Shares After Incentive Award; Analyst Targets Move Higher

Erhaan Shaikh records both a sale and an incentive-based acquisition in March filings as company posts strong Q4 fiscal 2025 and raises outlook

By Nina Shah LSCC
Lattice Semiconductor SVP Disposes Shares After Incentive Award; Analyst Targets Move Higher
LSCC

Lattice Semiconductor senior vice president of sales Erhaan Shaikh sold 1,577 shares on March 10, 2026, following the receipt of an incentive payment of 3,211 shares the prior day, according to a Form 4/A filing. The filings also show 1,634 shares used to satisfy tax obligations. The transactions come as Lattice shares have risen sharply over the past year and after the company reported better-than-expected fourth-quarter fiscal 2025 revenue and bullish guidance for the first quarter of fiscal 2026. Several analysts have increased price targets amid stronger demand trends and the company has introduced a Cyber Resilience Reference Kit for industrial and edge device designers.

Key Points

  • Erhaan Shaikh, SVP of Sales at Lattice Semiconductor, sold 1,577 shares on March 10, 2026 for $93.325 per share, totaling $147,173.
  • Shaikh received 3,211 shares as an incentive payment on March 9, 2026 with no purchase price, and 1,634 shares were used to cover tax obligations at $90.63, listed as totaling $148,089; he now directly owns 82,617 shares.
  • Lattice reported better-than-expected Q4 fiscal 2025 revenue, provided stronger-than-consensus guidance for Q1 fiscal 2026, prompted several analyst price-target increases, and launched a Cyber Resilience Reference Kit.

Insider transaction records filed with the Securities and Exchange Commission show Lattice Semiconductor NASDAQ:LSCC senior vice president of sales Erhaan Shaikh reported a mix of acquisitions and disposals earlier this month.

Per a Form 4/A filing, Shaikh sold 1,577 shares of common stock on March 10, 2026, at a per-share price of $93.325, producing proceeds of $147,173. The filing also indicates that on March 9, 2026, Shaikh received 3,211 shares of common stock as an incentive payment for which no purchase price was paid.

In the same filing the issuer applied 1,634 shares to cover tax obligations at a price of $90.63, an action the filing lists as totaling $148,089. After recording these movements, Shaikh is shown as directly owning 82,617 shares of Lattice Semiconductor.

At the market level, Lattice Semiconductor shares have advanced 56% over the last 12 months and are trading at $92.39, with a reported market capitalization of $12.65 billion. An InvestingPro analysis cited in the filing commentary indicates the stock is trading above its Fair Value and places the company on a Most Overvalued list; the analysis references a Pro Research Report that includes detailed valuation metrics and additional ProTips for LSCC.

Company financials and guidance cited alongside the filings provide context to the share-price movement. Lattice reported fourth-quarter fiscal 2025 results in which revenue exceeded expectations while earnings per share met projections. The company also issued guidance for the first quarter of fiscal 2026 that the filing describes as strong, exceeding consensus estimates for both revenue and adjusted earnings per share.

Following those results, several brokerages revised their price targets higher. Stifel raised its target to $110 and kept a Buy rating. KeyBanc moved its target to $125, citing improved performance in Lattice’s Communications and Computing segment. Needham lifted its target to $110, noting a strong outlook and revenue beat, while Rosenblatt Securities increased its target to $105, pointing to demand from data centers and physical AI applications.

In product developments noted alongside the filings, Lattice has introduced a Cyber Resilience Reference Kit aimed at enhancing secure system design for manufacturers of industrial and edge devices.


Contextual note: The SEC Form 4/A filings form the factual basis for the insider transactions described above. The company results, guidance, analyst target changes and product launch are included in the same reporting that accompanied the insider disclosure.

Risks

  • Valuation risk - InvestingPro analysis cited places LSCC on a Most Overvalued list, indicating potential valuation pressures for investors in the semiconductor sector.
  • Earnings and guidance sensitivity - Company results and forward guidance affect market expectations for technology and semiconductor exposure; future quarters that miss raised expectations could create volatility.
  • Insider-transaction ambiguity - The mix of incentive share awards, tax-covering share usage, and a subsequent sale introduces uncertainty about the insider signal, which can affect investor interpretation in the semiconductor and broader technology markets.

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