Artisan Partners, an investment management company, released its “Artisan Mid Cap Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, its Investor Class fund ARTMX returned -1.13%, Advisor Class fund APDMX posted a return of -1.12%, and Institutional Class fund APHMX returned -1.07%, compared to a return of 6.90% for the Russell Midcap Growth Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Artisan Partners highlighted stocks like Lattice Semiconductor Corporation (NASDAQ:LSCC) in the fourth quarter 2022 investor letter. Headquartered in Hillsboro, Oregon, Lattice Semiconductor Corporation (NASDAQ:LSCC) engages in the business of semiconductor products. On January 19, 2023, Lattice Semiconductor Corporation (NASDAQ:LSCC) stock closed at $70.21 per share. One-month return of Lattice Semiconductor Corporation (NASDAQ:LSCC) was 5.88%, and its shares gained 30.24% of their value over the last 52 weeks. Lattice Semiconductor Corporation (NASDAQ:LSCC) has a market capitalization of $9.623 billion.
Artisan Partners made the following comment about Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q4 2022 investor letter:
“Among our top contributors were Lattice Semiconductor Corporation (NASDAQ:LSCC), Ingersoll Rand and Dexcom. Lattice Semiconductor is a fabless vendor of field programmable gate array (FPGA) chips which customers can program and configure to their specifications. These chips are used in numerous applications, from data centers and 5G infrastructure to routers, switches, PCs, industrial Internet of things devices, factory automation and automobiles, to name a few. Shares rallied after Lattice reported YoY revenue growth, gross margins and operating margins of 31%, 69.5% and 39.7%, respectively. These were all records and ahead of expectations. We were encouraged by Lattice’s continued solid results in the face of a slowing economic environment, which testifies to the new management team’s progress in reinvigorating both its chip offerings and its software tools for customers. While a recession could cause short-term bumps in the profit cycle in 2023, we were excited to be present in December for the unveiling of the company’s new midrange FPGA offering Avant, which we estimate more than doubles Lattice’s addressable market and should serve as a meaningful growth catalyst starting in 2024.”
Lattice Semiconductor Corporation (NASDAQ:LSCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Lattice Semiconductor Corporation (NASDAQ:LSCC) at the end of the third quarter, which was 33 in the previous quarter.
We discussed Lattice Semiconductor Corporation (NASDAQ:LSCC) in another article and shared the best small-cap AI stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 25 Biggest New Jersey Companies
- Dividend Aristocrats Ranked: Top 15
- 14 Best Dividend Stocks To Buy and Hold
Disclosure: None. This article is originally published at Insider Monkey.
