Here’s Why Lattice Semiconductor (LSCC) Should Be on Your Buy List

Artisan Partners, a high value-added investment management firm, published its ‘Artisan Small Cap Fund’ third quarter 2021 investor letter – a copy of which can be downloaded here. A return of -1.20% was recorded by its Investor Class: ARTSX, -1.17% by its Advisor Class: APDSX, and -1.13% by its Institutional Class: APHSX for the third quarter of 2021, all above the Russell 2000® Growth Index that delivered a -5.65% return and the Russell 2000® Index that was down by -4.36% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Artisan Small Cap Fund, in its Q3 2021 investor letter, mentioned Lattice Semiconductor Corporation (NASDAQ: LSCC) and discussed its stance on the firm. Lattice Semiconductor Corporation is a Hillsboro, Oregon-based manufacturing company with a $10.1 billion market capitalization. LSCC delivered a 62.05% return since the beginning of the year, while its 12-month returns are up by 75.45%. The stock closed at $74.25 per share on December 03, 2021.

Here is what Artisan Small Cap Fund has to say about Lattice Semiconductor Corporation  in its Q3 2021 investor letter:

“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 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.”

jonas-svidras-e28-krnIVmo-unsplash

Based on our calculations, Lattice Semiconductor Corporation (NASDAQ: LSCC) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. LSCC was in 19 hedge fund portfolios at the end of the third quarter of 2021, compared to 24 funds in the previous quarter. Lattice Semiconductor Corporation (NASDAQ: LSCC) delivered a 17.73% return in the past 3 months.

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