5 Best Growth Stocks for 2022

4. Lattice Semiconductor Corporation (NASDAQ:LSCC)

Number of Hedge Fund Holders: 19  

Lattice Semiconductor Corporation (NASDAQ:LSCC) is a semiconductor manufacturing company based in Oregon. The firm is well poised to benefit from the increased government spending on American chipmakers in 2022 as supply chain pressures bite. 

Lattice Semiconductor Corporation (NASDAQ:LSCC) posted earnings for the third quarter on November 2, reporting earnings per share of $0.28, beating estimates by $0.04. The revenue over the period was $131 million up 28% year-on-year. 

At the end of the third quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $366 million in Lattice Semiconductor Corporation (NASDAQ:LSCC), down from 24 in the preceding quarter worth $306 million. 

In its Q4 2020 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 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 now has a new board and management team—the current CEO joined from leading microprocessor provider Advanced Micro Devices in late 2018—which have embarked on a product-transformation journey. The company has refreshed its FPGA products in the small/low power segment of the market—making it more focused on addressing high return-on-investment use cases centered around power-efficient applications—carving itself a niche behind the two market leaders focused on high-end, Xilinx and Intel Corporation. In addition to providing FPGA chips to data centers and new 5G infrastructure— particularly 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 lowpower/reprogrammable chips as well as industrial and automotive end markets.”