5 Growth Stocks with Upside Potential

2. Lattice Semiconductor Corporation (NASDAQ:LSCC)

Number of Hedge Fund Holders: 29 

Stock performance over the past six months through November 25: +45%

Lattice Semiconductor Corporation (NASDAQ:LSCC) makes and sells semiconductor products. The products of the firm allow for devices to achieve higher increased computations on lower consumption. This FD-SOI technology has helped the firm grow in markets like servers, 5G, and robotics in the past few months. It has also started offering services to the auto industry where the demand for chips is rising fast. The firm also plans to launch a new product Avant later this year that will double the addressable market. 

On February 16, Susquehanna analyst Christopher Rolland maintained a Neutral rating on Lattice Semiconductor Corporation (NASDAQ:LSCC) stock and raised the price target to $68 from $67, noting the “excellent job” the firm had done to execute a plan for supply constraints.

At the end of the fourth quarter of 2021, 29 hedge funds in the database of Insider Monkey held stakes worth $393 million in Lattice Semiconductor Corporation (NASDAQ:LSCC), up from 19 in the preceding quarter worth $366 million. 

In its Q3 2021 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Lattice Semiconductor Corporation (NASDAQ:LSCC) was one of them. Here is what the fund said:

“Lattice Semiconductor Corporation (NASDAQ:LSCC) is a vendor of field programmable gate array (FPGA) chips used in personal computers, 5G infrastructure, routers and switches, and servers, to name a few. The company is executing well, particularly given the broader supply chain constraints the semiconductor industry is facing. In addition to providing FPGA chips to data centers and new 5G infrastructure—compelling opportunities given these end markets are and will likely continue benefiting from strong secular tailwinds—we believe the company is well positioned to tap into low-power/reprogrammable chips as well as industrial and automotive end markets.”