Lattice Semiconductor Reports Strong Results and Announces $1 Billion AMI Acquisition
Artisan Small Cap Fund highlighted Lattice Semiconductor (NASDAQ:LSCC) in its second-quarter investor letter for strong performance, improved demand across key markets, and a significant acquisition. The company reported better-than-expected results along with stronger revenue and profit guidance under new leadership. Lattice announced the $1 billion acquisition of AMI, a leader in platform firmware and data center infrastructure manageability. This move is expected to expand Lattice's capabilities in the data center market and accelerate its path toward profitability. The stock closed at $138.13 on July 23, with shares up 162.53% over the past year. The Artisan Small Cap Fund remains optimistic about small-cap opportunities, AI infrastructure, and healthcare but has reduced exposure to software due to rising valuations and competitive risks.
Tickers: $LSCC
Topics: AI infrastructure Artisan Small Cap Fund Lattice Semiconductor small-cap stocks