Artisan Partners Discloses 4.7M Shares (3.4%) of LSCC in Schedule 13G/A
Rhea-AI Filing Summary
Artisan Partners and affiliated entities report beneficial ownership of 4,702,294 shares of Lattice Semiconductor common stock, representing 3.4% of the class based on 137,507,531 shares outstanding as of 05/01/2025. The filing identifies shared voting power of 3,945,234 shares and shared dispositive power over 4,702,294 shares; no sole voting or dispositive powers are reported. The reporting persons are Artisan Partners Asset Management Inc., Artisan Partners Holdings LP, Artisan Investments GP LLC and Artisan Partners Limited Partnership.
The statement includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Transparent disclosure of beneficial ownership totaling 4,702,294 shares (3.4%) of Lattice Semiconductor
- Certification that the securities were acquired and are held in the ordinary course of business, indicating no stated intent to change control
Negative
- No sole voting or dispositive power reported, limiting unilateral influence
- Stake is below 5%, which by regulation is generally considered non-controlling
Insights
TL;DR Artisan Partners discloses a non-controlling 3.4% stake with shared voting influence but no sole control.
The filing shows a beneficial position of 4,702,294 shares, representing 3.4% of outstanding stock. Shared voting power of 3,945,234 shares suggests coordination among the reporting entities, while absence of sole voting or dispositive power indicates no unilateral control. The filing's explicit certification that holdings are in the ordinary course reduces indications of an activist intent contained in this statement alone.
TL;DR Disclosure signals passive/portfolio ownership rather than control; shared powers imply internal allocation among affiliates.
The Schedule 13G identifies four affiliated reporting persons and quantifies shared voting and dispositive power. Because the position is under 5% and the filer certified ordinary-course holdings, this is consistent with passive investor reporting standards. For governance impact, shared voting power could matter in close votes, but the absence of sole authority limits direct influence on board control from this filing alone.