Is Lattice Semiconductor Corporation (LSCC) A Good Long-Term Bet?

Artisan Partners, an investment management company, released its “Artisan Small Cap Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTSX returned -21.52%, Advisor Class fund APDSX posted a return of -21.48%, and Institutional Class fund APHSX returned -21.47%, compared to a return of -19.25% for the Russell 2000 Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

In the second quarter 2022 investor letter, Artisan Partners discussed stocks like Lattice Semiconductor Corporation (NASDAQ:LSCC). Headquartered in Hillsboro, Oregon, Lattice Semiconductor Corporation (NASDAQ:LSCC) engages in the business of semiconductor products. On September 27, 2022, Lattice Semiconductor Corporation (NASDAQ:LSCC) stock closed at $49.01 per share. One-month return of Lattice Semiconductor Corporation (NASDAQ:LSCC) was -9.07% and its shares lost 23.42% of their value over the last 52 weeks. Lattice Semiconductor Corporation (NASDAQ:LSCC) has a market capitalization of $6.73 billion.

Here is what Artisan Partners specifically said about Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q2 2022 investor letter:

“Lattice Semiconductor Corporation (NASDAQ:LSCC) recently reported +30% revenue growth and +600bps of margin expansion. We believe multiple product and program launches throughout the remainder of the year will sustain the company’s solid fundamental momentum. Longer-term, Lattice is well-positioned to provide FPGA chips to data centers, new 5G infrastructure and to tap into low power/reprogrammable chips as well as the industrial and automotive end markets. In addition, its solid pipeline of new chips should expand its addressable market and margins.”

Lattice Semiconductor Corporation (NASDAQ:LSCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Lattice Semiconductor Corporation (NASDAQ:LSCC) at the end of the second quarter which was 31 in the previous quarter.

We discussed Lattice Semiconductor Corporation (NASDAQ:LSCC) in another article and shared Artisan Partners’ views on the company. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

Disclosure: None. This article is originally published at Insider Monkey.