LSCC Lattice Semiconductor Corporation - Common Stock
About Lattice Semiconductor Corporation - Common Stock Company overview from Wikipedia
Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low-power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, California, Shanghai, Manila, Penang, Singapore and Pune. Lattice Semiconductor has more than 1,000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It is traded on the Nasdaq stock exchange under the symbol LSCC.
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Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low-power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, California, Shanghai, Manila, Penang, Singapore and Pune. Lattice Semiconductor has more than 1,000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It is traded on the Nasdaq stock exchange under the symbol LSCC.
History
Founding and early growth
Lattice was founded on April 3, 1983, by C. Norman Winningstad, Rahul Sud, and Ray Capece, with investment from Winningstad, Harry Merlo, Tom Moyer, and John Piacentini. Lattice was incorporated in Oregon in 1983 and reincorporated in Delaware in 1985. Co-founder Sud left as president in December 1986, and Winningstad left in 1991 as chairman of the board. Early struggles led to chapter 11 bankruptcy reorganization in July 1987. The company emerged from bankruptcy after 62 days and moved from its headquarters in an unincorporated area near Beaverton to a smaller building in Hillsboro, Oregon. Over the next year, the company shrank from 140 to 64 employees but posted record revenues.
Cyrus Tsui became the company's chief executive officer in 1988. On November 9, 1989, Lattice became a publicly traded company when its shares were listed on the NASDAQ after an initial public offering. The initial share price was $6, and raised almost $14 million for the company. In July 1990, a second stock offering of nearly 1.5 million new shares raised $22.6 million at $16.25 per share.
In 1995, the company attempted to assert trademark rights in the term Silicon Forest beyond the use of its trademark for the use in semiconductor devices. It had registered the mark in 1985, but later conceded it could not prevent the usage of the term as a noun. Forbes ranked the company as their 162nd best small company in the United States in 1996, and Lattice began to double the size of its Hillsboro headquarters.
In 2000, annual revenues topped $560 million with profits of $160 million. Its stock price reached an all-time high of $41.34, adjusted for splits. For the next five years, however, the company recorded no annual profit.
Acquisitions and leadership changes
On March 19, 2001, Lattice acquired Integrated Intellectual Property, Inc. (I2P), a semiconductor intellectual property (IP) company headquartered in Santa Clara, California. This move strengthened Lattice's internal intellectual property development programs and marked I2P's successful exit as one of the early pure-play semiconductor IP firms of the dot-com era.
Lattice purchased Agere Corporation's FPGA division in 2002. In 2004, the company settled charges with the United States government that it had illegally exported certain technologies to China, paying a fine of $560,000. In 2005, Tsui was replaced as CEO by Steve Skaggs and the company laid off employees for the first time. In fiscal year 2006, Lattice posted a profit of $3.1 million on revenues of $245.5 million, the first annual profit since 2000.
In June 2008, Bruno Guilmart was named as chief executive officer of the company, replacing Steve Skaggs. For fiscal year 2008, Lattice had a loss of $32 million on annual revenues of $222.3 million. In 2009, the company began moving all of its warehouse operations for parts from Oregon to Singapore. Through July 2009, the company had lost money for ten straight quarters, and had its first profitable quarter in three years during the fourth quarter of 2009. Bruno Guilmart left the company in August 2010, and Darin Billerbeck, former Zilog CEO, who had just sold Zilog in the previous year, was named the new CEO in October of that year, starting in November. The company reported 2011 revenue of $318 million. Lattice started a stock buy-back program in 2010 that continued into 2012 that would total about $35 million if fully implemented.
In 2011, the company was ranked third among the world's makers of field programmable gate array (FPGA) devices and second for CPLDs & SPLDs. On December 9, 2011, Lattice announced it was acquiring SiliconBlue for $63.2 million in cash. Lattice announced in July 2012 a foundry agreement with United Microelectronics Corporation. Lattice returned to profitability in 2013 with a profit of $22.3 million on $332.5 million in revenues. The company acquired Silicon Image Inc. for $606 million in March 2015 and moved company headquarters to downtown Portland.
Activity since 2016
In April 2016, Tsinghua Holdings said in a U.S. filing that it accumulated a roughly 6 percent stake in Lattice Semiconductor through share purchased on the open market. In November 2016, Canyon Bridge Capital Partners, a private equity firm backed by China Reform Holdings Corporation announced a definitive agreement to acquire all of Lattice's shares. The purchase of Lattice by Canyon Bridge was in September 2017 blocked by US President Donald Trump based on the recommendation of the Committee on Foreign Investment in the United States on national security grounds under the Exon–Florio Amendment. The company re-located its headquarters back to its Hillsboro campus in 2019.
Activist investor Lion Point Capital purchased a six percent stake in Lattice in February 2018. The next month the company filled three new seats on its board with independent directors supported by Lion Point. That same year, Lattice replaced several members of its leadership team, including bringing in a new president and CEO, Jim Anderson, who previously worked at Advanced Micro Devices. Under the new leadership, Lattice shifted the company's focus entirely to low-power FPGAs. Lattice acquired computer vision software company Mirametrix in November 2021.
Jim Anderson left Lattice in June 2024, at which time Lattice Chief Strategy and Marketing Officer Esam Elashmawi was appointed Interim CEO. On September 16, 2024, Lattice named Ford Tamer as CEO.
On May 5, 2026, Lattice announced it had signed a definitive agreement to acquire American Megatrends (AMI), a provider of platform firmware and infrastructure manageability, for $1.65 billion in a combination of cash and stock.
Products
Lattice primarily focuses on small, efficient low-power field-programmable gate arrays (FPGAs). It also sells programmable mixed-signal and interconnect products, related software and intellectual property (IP), for applications from edge computing to cloud computing. Lattice's main products are those based on its Lattice Nexus small FPGA platform and Lattice Avant mid-range FPGA platform. Lattice products are used in a variety of end uses across the communication, computing (client and datacenter), industrial, automotive, and consumer electronics markets.
Lattice's software offerings include design tools Diamond, Radiant, and Propel. It also provides solution stacks designed to provide its customers with application-specific toolkits to help them more easily and quickly design with Lattice technology. As of 2023, these include Lattice mVision, designed for machine vision in power-constrained designs; Lattice sensAI, designed to integrate machine learning into internet of things applications; Lattice Automate, designed to facilitate industrial applications like robotics and real-time networking in settings like automated factories and warehouses; Lattice Sentry, for security; and Lattice Drive for automotive applications.
Operations
The company is headquartered in Hillsboro, Oregon, in the high-tech area known as the Silicon Forest. The company employs more than 1000 people worldwide as of 2023. Ford Tamer is Lattice's chief executive officer. Its chief competitors are Xilinx (a subsidiary of AMD) and Altera. After AMD completed the acquisition of Xilinx in February 2022, Lattice Semiconductor became the last fully independent major manufacturer of FPGAs.
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LSCC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
LSCC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
LSCC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 6 28.6%
- Buy 12 57.1%
- Hold 2 9.5%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.53 | $0.45 | 0.08% |
| March 31, 2026 | $0.41 | $0.38 | 0.03% |
| Dec. 31, 2025 | $0.32 | $0.32 | -0.00% |
| Sept. 30, 2025 | $0.28 | $0.28 | -0.00% |
| June 30, 2025 | $0.24 | $0.24 | -0.00% |
| March 31, 2025 | $0.22 | $0.23 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LSCC | $10.76B | 3932.5 | 2.7% | 0.59% | 0.44% | 68.2% |
| ON | $21.48B | 186.7 | -15.3% | 2.0% | 1.5% | 33.1% |
| GFS | — | — | — | — | — | — |
| FSLR | $28.03B | 18.4 | 24.1% | 29.3% | 16.9% | 40.6% |
| MTSI | $9.49B | -174.5 | 32.6% | -5.6% | -4.3% | 54.7% |
| SITM | $9.29B | -205.3 | 61.2% | -13.1% | -3.8% | 53.6% |
| SMTC | $7.51B | -176.1 | 15.5% | -3.9% | -7.3% | 51.6% |
| SWKS | — | 25.0 | -2.2% | — | — | — |
| RMBS | $9.90B | 43.5 | 27.1% | 32.6% | 17.8% | 79.6% |
| QRVO | $6.79B | 21.4 | -1.1% | 9.2% | 9.9% | 45.9% |
| SLAB | $4.35B | -66.6 | 34.3% | -8.3% | -6.0% | 58.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $523M | $509M | $737M | $660M | $515M | $408M | $404M | $399M | $386M | $427M | $406M | |
| Cost of Revenue | $166M | $169M | $222M | $208M | $194M | $163M | $166M | $179M | $169M | $180M | $185M | |
| Gross Profit | $357M | $340M | $515M | $452M | $322M | $245M | $238M | $219M | $217M | · | · | |
| R&D Expense | $188M | $159M | $160M | $136M | $111M | $89M | $79M | $82M | $103M | $118M | $137M | |
| SG&A Expense | $154M | $117M | $137M | $122M | $106M | $95M | $83M | $91M | $91M | $99M | $97M | |
| Operating Expenses | $346M | $306M | $302M | $265M | $221M | $193M | $179M | $223M | $264M | $454M | $513M | |
| Operating Income | $11M | $34M | $212M | $187M | $101M | $52M | $59M | $-3M | $-48M | $-27M | $-107M | |
| Interest Expense | · | · | · | $4M | $3M | $4M | $12M | $21M | $19M | $20M | $18M | |
| Other Non-op | $-751.0K | $-2M | $545.0K | $-1M | $-452.0K | $-208.0K | $-2M | $-249.0K | $-3M | $3M | $-1M | |
| Pretax Income | $13M | $36M | $215M | $182M | $98M | $48M | $45M | $-24M | $-70M | $-44M | $-127M | |
| Income Tax | $10M | $-25M | $-44M | $3M | $2M | $1M | $2M | $2M | $849.0K | $10M | $33M | |
| Net Income | $3M | $61M | $259M | $179M | $96M | $47M | $43M | $-26M | $-71M | $-54M | $-159M | |
| EPS (Basic) | $0.02 | $0.44 | $1.88 | $1.30 | $0.70 | $0.35 | $0.33 | $-0.21 | $-0.58 | $-0.45 | $-1.36 | |
| EPS (Diluted) | $0.02 | $0.44 | $1.85 | $1.27 | $0.67 | $0.34 | $0.32 | $-0.21 | $-0.58 | $-0.45 | $-1.36 | |
| Shares (Basic) | 137,091,000 | 137,623,000 | 137,694,000 | 137,321,000 | 136,619,000 | 135,220,000 | 132,471,000 | 126,564,000 | 122,677,000 | 119,994,000 | 117,387,000 | |
| Shares (Diluted) | 138,238,000 | 138,322,000 | 139,790,000 | 140,667,000 | 142,143,000 | 141,276,000 | 137,274,000 | 126,564,000 | 122,677,000 | 119,994,000 | 117,387,000 | |
| EBITDA | $11M | $34M | $212M | $187M | $101M | $52M | $92M | $36M | $10M | $35M | $-46M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $134M | $136M | $128M | $146M | $132M | $182M | $118M | $119M | $107M | $107M | $85M | |
| Short-term Investments | · | · | · | · | · | · | $0 | $7M | $5M | $10M | $18M | |
| Receivables | $102M | $81M | $104M | $94M | $80M | $65M | $65M | $61M | $55M | $100M | $88M | |
| Inventory | $89M | $103M | $99M | $110M | $68M | $65M | $55M | $67M | $80M | $79M | $76M | |
| Prepaid Expense | $39M | $44M | $36M | $29M | $22M | $22M | $24M | $28M | $17M | $19M | $19M | |
| Current Assets | $364M | $365M | $368M | $379M | $301M | $334M | $262M | $284M | $263M | $315M | $286M | |
| PP&E (Net) | $77M | $53M | $50M | $48M | $38M | $40M | $39M | $35M | $40M | $49M | $52M | |
| PP&E (Gross) | $201M | $179M | $175M | $164M | $148M | $151M | $165M | $176M | $172M | $184M | $171M | |
| Accum. Depreciation | $124M | $126M | $126M | $116M | $110M | $111M | $126M | $141M | $131M | $135M | $119M | |
| Goodwill | $315M | $315M | $315M | $315M | $315M | $268M | $268M | $268M | $268M | $270M | $268M | |
| Intangibles | $4M | $5M | $21M | $25M | $30M | $6M | $7M | $21M | $51M | $119M | $163M | |
| Other Non-current Assets | $21M | $25M | $15M | $13M | $18M | $11M | $12M | $15M | $13M | $14M | $17M | |
| Total Assets | $883M | $844M | $841M | $799M | $726M | $680M | $612M | $624M | $636M | $767M | $786M | |
| Accounts Payable | $57M | $37M | $34M | $42M | $35M | $28M | $44M | $52M | $54M | $81M | $74M | |
| Accrued Liabilities | $31M | $46M | $36M | $48M | $26M | $21M | $21M | · | · | · | · | |
| Current Liabilities | $118M | $100M | $97M | $127M | $106M | $80M | $100M | $69M | $84M | $158M | $111M | |
| Capital Leases | $36M | $9M | $11M | $14M | $19M | $19M | $21M | · | · | · | · | |
| Other Non-current Liabilities | $15M | $24M | $41M | $42M | $49M | $39M | $38M | $44M | $35M | $38M | $38M | |
| Total Liabilities | $169M | $133M | $149M | $312M | $315M | $296M | $284M | $365M | $418M | $496M | $480M | |
| Long-term Debt | · | · | · | $129M | $159M | $172M | $125M | $251M | $301M | $335M | $338M | |
| Total Debt | · | · | $0 | $129M | $158M | $171M | $147M | $260M | $301M | $335M | $338M | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | · | · | · | |
| Paid-in Capital | $504M | $504M | $546M | $599M | $702M | $771M | $762M | $736M | $696M | $680M | $660M | |
| Retained Earnings | $212M | $209M | $148M | $-111M | $-290M | $-386M | $-433M | $-477M | $-478M | $-407M | $-353M | |
| AOCI | $-3M | $-4M | $-3M | $-2M | $-1M | $-2M | $-3M | $-2M | $-1M | $-4M | $-3M | |
| Stockholders' Equity | $714M | $711M | $692M | $487M | $412M | $384M | $328M | $258M | $245M | $270M | $306M | |
| Liabilities + Equity | $883M | $844M | $841M | $799M | $726M | $680M | $612M | $624M | $636M | $767M | $786M | |
| Shares Outstanding | 136,771,000 | 137,704 | 137,340 | 137,099 | 137,239,000 | 136,236,000 | 133,883,000 | 129,728,000 | 123,895,000 | 121,645,000 | 118,651,000 |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | $33M | $39M | $58M | $62M | $61M | |
| Stock-based Comp | $116M | $53M | $70M | $56M | $46M | $40M | $19M | $14M | $13M | $16M | $18M | |
| Deferred Tax | $5M | $-12M | $-59M | $-1M | $-324.0K | $-83.0K | $-317.0K | $-90.0K | $7.0K | $90.0K | $21M | |
| Amort. of Intangibles | $2M | $5M | $5M | $5M | $4M | $5M | $14M | $18M | $32M | $34M | $30M | |
| Restructuring | $3M | $12M | $2M | $3M | $940.0K | $4M | $5M | $17M | $7M | $9M | $19M | |
| Other Non-cash | · | · | · | · | · | · | $29M | $25M | $39M | $18M | $36M | |
| Operating Cash Flow | $175M | $141M | $270M | $239M | $168M | $92M | $124M | $51M | $39M | $42M | $-23M | |
| CapEx | $43M | $21M | $20M | $23M | $10M | $12M | $16M | $8M | $13M | $17M | $18M | |
| Investing Cash Flow | $-62M | $-38M | $-33M | $-35M | $-90M | $-21M | $-16M | $-21M | $-8M | $-17M | $-337M | |
| Debt Issued | · | $0 | $0 | $149M | $0 | $50M | · | · | · | · | · | |
| Net Debt Issued | $0 | $0 | $-130M | $-30M | $-13M | $-26M | $-321M | $-44M | $-35M | · | · | |
| Stock Issued | $8M | $6M | $8M | $7M | $9M | $10M | $17M | $29M | $6M | $8M | $6M | |
| Stock Repurchased | $100M | $67M | $80M | $110M | $70M | $15M | $0 | $0 | $0 | $0 | $7M | |
| Net Stock Activity | $-92M | $-61M | $-72M | $-103M | $-61M | $-5M | $17M | $29M | $6M | $8M | $-1M | |
| Financing Cash Flow | $-116M | $-94M | $-254M | $-188M | $-129M | $-8M | $-110M | $-17M | $-33M | $-1M | $330M | |
| Net Change in Cash | $-2M | $8M | $-17M | $14M | $-51M | $64M | $-970.0K | $12M | $263.0K | $22M | $-31M | |
| Taxes Paid | $8M | $9M | $16M | $5M | $3M | $2M | $3M | $3M | $2M | $9M | $8M | |
| Free Cash Flow | $133M | $120M | $249M | $215M | $158M | $80M | $109M | $43M | $26M | $25M | $-41M | |
| Levered FCF | · | · | · | $211M | $155M | $76M | $97M | $20M | $7M | $-28.4K | $-64M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.2% | 66.8% | 69.8% | 68.5% | 62.4% | 60.1% | 59.0% | · | · | · | · | |
| Operating Margin | 2.1% | 6.8% | 28.8% | 28.4% | 19.6% | 12.8% | 14.6% | -0.78% | -12.3% | -6.2% | -26.4% | |
| Net Margin | 0.59% | 12.0% | 35.1% | 27.1% | 18.6% | 11.6% | 10.8% | -6.6% | -18.3% | -12.7% | -39.2% | |
| Pretax Margin | 2.6% | 7.1% | 29.1% | 27.6% | 18.9% | 11.9% | 11.2% | -6.0% | -18.1% | -10.0% | -31.1% | |
| EBITDA Margin | 2.1% | 6.8% | 28.8% | 28.4% | 19.6% | 12.8% | 22.8% | 9.1% | 2.6% | 8.2% | -11.4% | |
| ROA | 0.36% | 7.3% | 31.6% | 23.5% | 13.6% | 7.3% | 7.0% | -4.2% | -10.1% | -7.0% | -24.6% | |
| ROE | 0.44% | 8.6% | 39.3% | 38.5% | 23.8% | 12.4% | 13.7% | -10.1% | -28.9% | -18.8% | -42.7% | |
| ROIC | 0.36% | 8.2% | 37.0% | 29.9% | 17.4% | 9.2% | 12.0% | -0.66% | -9.3% | -5.4% | -20.9% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.1 | 3.7 | 3.8 | 3.0 | 2.8 | 4.2 | 2.6 | 4.1 | 3.1 | 2.0 | 2.6 | |
| Quick Ratio | 2.0 | 2.2 | 2.4 | 1.9 | 2.0 | 3.1 | 1.8 | 2.7 | 2.0 | 1.4 | 1.7 | |
| Debt / Equity | · | · | 0.0 | 0.3 | 0.4 | 0.4 | 0.4 | 1.0 | 1.4 | 1.2 | 1.1 | |
| LT Debt / Equity | · | · | 0.0 | 0.3 | 0.3 | 0.4 | 0.4 | 1.0 | 1.4 | 1.1 | 1.1 | |
| Interest Coverage | · | · | · | 45.2 | 36.8 | 14.1 | 5.0 | -0.2 | -2.5 | -1.3 | -5.8 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.6 | 0.9 | 0.9 | 0.7 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | |
| Inventory Turnover | 1.7 | 1.7 | 2.1 | 2.3 | 2.9 | 2.7 | 2.7 | · | 2.1 | 2.3 | 2.6 | |
| Receivables Turnover | 5.7 | 5.5 | 7.4 | 7.6 | 7.1 | 6.3 | 6.4 | 6.9 | 5.0 | 4.5 | 5.4 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.7% | -30.9% | 11.6% | 28.1% | 26.3% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -7.5% | -0.38% | 21.8% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -95.5% | -76.2% | 45.7% | 89.5% | 97.1% | · | · | · | · | · | · | |
| EPS CAGR 3Y | -74.9% | -13.1% | 75.9% | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -43.3% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -95.0% | -76.4% | 44.8% | 86.5% | 102.4% | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -74.2% | -13.9% | 76.2% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -42.1% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $523M | $509M | $737M | $660M | $515M | $408M | $404M | $399M | $386M | $427M | $406M | |
| Net Income TTM | $3M | $61M | $259M | $179M | $96M | $47M | $43M | $-26M | $-71M | $-54M | $-159M | |
| Market Cap | $10.76B | $8.12B | $9.48B | $8.89B | $10.58B | $6.24B | $2.57B | $883M | $716M | $895M | $768M | |
| Enterprise Value | · | · | $9.35B | $8.88B | $10.60B | $6.23B | $2.60B | $1.02B | $905M | $1.11B | $1.00B | |
| P/E | 3932.5 | 134.0 | 37.3 | 51.1 | 115.0 | 134.8 | 60.1 | -32.4 | -10.0 | -16.4 | -4.8 | |
| P/S | 20.6 | 15.9 | 12.9 | 13.5 | 20.5 | 15.3 | 6.4 | 2.2 | 1.9 | 2.1 | 1.9 | |
| P/B | 15.1 | 11.4 | 13.7 | 18.3 | 25.7 | 16.2 | 7.9 | 3.4 | 3.3 | 3.3 | 2.5 | |
| P / Tangible Book | 27.3 | 20.8 | 26.6 | 60.6 | 159.0 | 56.4 | · | · | · | · | · | |
| P / Cash Flow | 61.4 | 57.6 | 35.1 | 37.2 | 63.1 | 68.1 | 20.7 | 17.2 | 18.6 | 21.5 | -33.5 | |
| P / FCF | 81.1 | 67.7 | 38.0 | 41.3 | 67.0 | 78.5 | 23.7 | 20.5 | 27.9 | 35.8 | -18.7 | |
| EV / EBITDA | · | · | 44.0 | 47.4 | 105.2 | 119.0 | 28.3 | 28.1 | 88.4 | 31.7 | -21.6 | |
| EV / FCF | · | · | 37.5 | 41.2 | 67.1 | 78.3 | 24.0 | 23.6 | 35.3 | 44.5 | -24.4 | |
| EV / Revenue | · | · | 12.7 | 13.4 | 20.6 | 15.3 | 6.4 | 2.5 | 2.3 | 2.6 | 2.5 | |
| Earnings Yield | 0.03% | 0.75% | 2.7% | 2.0% | 0.87% | 0.74% | 1.7% | -3.1% | -10.0% | -6.1% | -21.0% |
Income Statement 17
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $201M | $171M | $131M | $133M | $124M | $120M | $117M | $127M | $124M | $141M | $171M | $192M | $184M | $233M | |
| Cost of Revenue | $60M | $53M | $43M | $43M | $39M | $38M | $46M | $39M | $39M | $45M | $52M | $58M | $56M | $63M | |
| Gross Profit | $141M | $118M | $88M | $91M | $85M | $82M | $72M | $88M | $85M | $96M | $119M | $135M | $129M | $170M | |
| R&D Expense | $64M | $51M | $67M | $50M | $44M | $41M | $39M | $41M | $39M | $41M | $40M | $42M | $36M | $46M | |
| SG&A Expense | $50M | $40M | $66M | $41M | $35M | $33M | $29M | $31M | $20M | $36M | $35M | $33M | $33M | $39M | |
| Operating Expenses | $119M | $92M | $124M | $92M | $80M | $75M | $84M | $80M | $62M | $80M | $76M | $78M | $69M | $88M | |
| Operating Income | $22M | $26M | $-35M | $-2M | $5M | $7M | $-12M | $8M | $23M | $17M | $43M | $57M | $59M | $82M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | · | $555.0K | · | |
| Other Non-op | $-5M | $-71.0K | $-710.0K | $-22.0K | $-238.0K | $-45.0K | $-2M | $-249.0K | $254.0K | $-46.0K | $802.0K | $14.0K | $-95.0K | $-682.0K | |
| Pretax Income | $17M | $27M | $-36M | $-954.0K | $5M | $8M | $-14M | $8M | $24M | $18M | $45M | $58M | $58M | $80M | |
| Income Tax | $-2M | $5M | $5M | $-4M | $2M | $3M | $-30M | $1M | $1M | $3M | $-53M | $4M | $3M | $199.0K | |
| Net Income | $19M | $22M | $-42M | $3M | $3M | $5M | $17M | $7M | $23M | $15M | $99M | $54M | $56M | $79M | |
| EPS (Basic) | $0.14 | $0.16 | $-0.30 | $0.02 | $0.02 | $0.04 | $0.12 | $0.05 | $0.16 | $0.11 | $0.72 | $0.39 | $0.41 | $0.58 | |
| EPS (Diluted) | $0.14 | $0.16 | $-0.30 | $0.02 | $0.02 | $0.04 | $0.12 | $0.05 | $0.16 | $0.11 | $0.70 | $0.38 | $0.40 | $0.56 | |
| Shares (Basic) | 137,049,000 | 136,814,000 | -275,641,000 | 136,877,000 | 137,112,000 | 137,686,000 | -275,109,000 | 137,709,000 | 137,548,000 | 137,475,000 | -3,000 | 137,948,000 | 137,418,000 | -274,004,000 | |
| Shares (Diluted) | 140,232,000 | 139,390,000 | -276,673,000 | 138,103,000 | 137,596,000 | 138,317,000 | -276,589,000 | 137,894,000 | 138,243,000 | 138,774,000 | -137,000 | 139,828,000 | 140,101,000 | -282,458,000 | |
| EBITDA | $22M | $26M | · | $-2M | $5M | $7M | · | $8M | $23M | $17M | · | $57M | $59M | · |
Balance Sheet 26
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $173M | $140M | $134M | $118M | $107M | $128M | $136M | $124M | $109M | $107M | · | $114M | $112M | · | |
| Receivables | $120M | $118M | $102M | $95M | $86M | $85M | $81M | $91M | $103M | $99M | · | $106M | $91M | · | |
| Inventory | $101M | $88M | $89M | $91M | $94M | $95M | $103M | $105M | $102M | $95M | · | $104M | $117M | · | |
| Prepaid Expense | $44M | $40M | $39M | $38M | $36M | $31M | $44M | $46M | $39M | $39M | · | $36M | $29M | · | |
| Current Assets | $438M | $386M | $364M | $342M | $322M | $338M | $365M | $366M | $353M | $341M | · | $361M | $349M | · | |
| PP&E (Net) | $81M | $78M | $77M | $72M | $63M | $56M | $53M | $53M | $51M | $51M | · | $50M | $51M | · | |
| PP&E (Gross) | · | · | $201M | · | · | · | $179M | · | · | · | · | · | · | · | |
| Accum. Depreciation | $122M | $120M | $124M | $132M | $132M | $128M | $126M | $123M | $119M | $116M | · | $124M | $118M | · | |
| Goodwill | $315M | $315M | $315M | $315M | $315M | $315M | $315M | $315M | $315M | $315M | · | $315M | $315M | · | |
| Intangibles | $20M | $4M | $4M | $5M | $5M | $5M | $5M | $20M | $19M | $20M | · | $22M | $24M | · | |
| Other Non-current Assets | $23M | $19M | $21M | $22M | $16M | $22M | $25M | $28M | $14M | $14M | · | $15M | $12M | · | |
| Total Assets | $976M | $899M | $883M | $844M | $809M | $824M | $844M | $854M | $828M | $816M | · | $780M | $768M | · | |
| Accounts Payable | $81M | $59M | $57M | $48M | $34M | $32M | $37M | $32M | $35M | $33M | · | $37M | $41M | · | |
| Accrued Liabilities | $33M | $32M | $31M | $32M | $34M | $31M | $46M | $41M | $32M | $32M | · | $36M | $41M | · | |
| Current Liabilities | $145M | $111M | $118M | $106M | $87M | $78M | $100M | $92M | $80M | $82M | · | $101M | $97M | · | |
| Capital Leases | $33M | $34M | $36M | $15M | $16M | $16M | $9M | $11M | $12M | $13M | · | $12M | $12M | · | |
| Other Non-current Liabilities | $11M | $14M | $15M | $18M | $19M | $21M | $24M | $47M | $36M | $39M | · | $41M | $40M | · | |
| Total Liabilities | $189M | $159M | $169M | $138M | $122M | $116M | $133M | $150M | $129M | $133M | · | $153M | $253M | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | · | |
| Paid-in Capital | $537M | $509M | $504M | $489M | $472M | $496M | $504M | $512M | $516M | $522M | · | $579M | $571M | · | |
| Retained Earnings | $253M | $234M | $212M | $220M | $217M | $214M | $209M | $193M | $185M | $163M | · | $49M | $-55M | · | |
| AOCI | $-4M | $-4M | $-3M | $-3M | $-3M | $-3M | $-4M | $-3M | $-4M | $-3M | · | $-3M | $-2M | · | |
| Stockholders' Equity | $788M | $740M | $714M | $706M | $687M | $708M | $711M | $704M | $699M | $683M | $692M | $626M | $515M | $487M | |
| Liabilities + Equity | $976M | $899M | $883M | $844M | $809M | $824M | $844M | $854M | $828M | $816M | · | $780M | $768M | · | |
| Shares Outstanding | 137,187,000 | 136,828,000 | 136,771,000 | 136,752,000 | 136,664,000 | 137,504,000 | 137,704,000 | 137,935,000 | 137,765,000 | 137,538,000 | 137,340 | 138,022,000 | 137,637,000 | 137,099,000 |
Cash Flow 17
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $44M | $28M | $77M | $36M | $24M | $20M | $15M | $17M | $3M | $18M | $18M | $17M | $14M | $14M | |
| Deferred Tax | $-3M | $4M | $5M | $-3M | $314.0K | $822.0K | $-12M | $1M | $-1M | $510.0K | $-57M | $-584.0K | $-388.0K | · | |
| Amort. of Intangibles | $623.0K | $569.0K | $-1M | $597.0K | $583.0K | $479.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Restructuring | · | · | $-8M | $765.0K | $2M | $136.0K | $1M | $7M | $3M | $2M | $481.0K | $2M | $30.0K | $2M | |
| Operating Cash Flow | $88M | $50M | $80M | $47M | $39M | $32M | $45M | $44M | $22M | $30M | $72M | $82M | $45M | $82M | |
| CapEx | $7M | $11M | $27M | $13M | $7M | $9M | $6M | $5M | $7M | $3M | $4M | $4M | $8M | $10M | |
| Investing Cash Flow | $-27M | $-15M | $-35M | $-18M | $-12M | $-12M | $-10M | $-10M | $-10M | $-8M | $-8M | $-8M | $-11M | $-14M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $-4.0K | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $0 | · | · | $-25M | · | |
| Stock Issued | $3M | $0 | $2M | $3M | $0 | $2M | $166.0K | $772.0K | $5M | $545.0K | $3M | $769.0K | $1M | $3M | |
| Stock Repurchased | $0 | $15M | $53M | $15M | $46M | $25M | $20M | $17M | $10M | $20M | $50M | $10M | $10M | $20M | |
| Net Stock Activity | · | $-15M | · | · | · | $-23M | · | · | · | $-19M | · | · | $-9M | · | |
| Financing Cash Flow | $-28M | $-29M | $-44M | $-19M | $-48M | $-29M | $-23M | $-20M | $-10M | $-42M | $-51M | $-64M | $-68M | $-42M | |
| Net Change in Cash | $33M | $6M | $2M | $11M | $-20M | $-9M | $12M | $15M | $2M | $-21M | $14M | $11M | $-34M | $27M | |
| Taxes Paid | $2M | $2M | $2M | $1M | $3M | $1M | $3M | $2M | $3M | $1M | $5M | $4M | $413.0K | $506.0K | |
| Free Cash Flow | · | $40M | · | · | · | $23M | · | · | · | $26M | · | · | $36M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | $36M | · |
Profitability 8
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.3% | 68.8% | · | 67.9% | 68.4% | 68.0% | · | 69.0% | 68.3% | 68.3% | · | 70.0% | 69.8% | · | |
| Operating Margin | 11.1% | 15.2% | · | -1.1% | 3.8% | 5.8% | · | 5.9% | 18.2% | 11.8% | · | 29.6% | 32.1% | · | |
| Net Margin | 9.6% | 12.8% | · | 2.1% | 2.4% | 4.2% | · | 5.7% | 18.2% | 10.5% | · | 28.0% | 30.3% | · | |
| Pretax Margin | 8.6% | 16.0% | · | -0.72% | 4.1% | 6.6% | · | 6.5% | 19.1% | 12.7% | · | 30.1% | 31.7% | · | |
| EBITDA Margin | 11.1% | 15.2% | · | -1.1% | 3.8% | 5.8% | · | 5.9% | 18.2% | 11.8% | · | 29.6% | 32.1% | · | |
| ROA | 2.2% | 2.5% | · | 0.33% | 0.36% | 0.61% | · | 0.88% | 2.9% | 1.9% | · | 7.0% | · | · | |
| ROE | 2.6% | 3.0% | · | 0.40% | 0.42% | 0.72% | · | 1.1% | 3.5% | 2.5% | · | 10.1% | · | · | |
| ROIC | 3.2% | 2.8% | · | 0.64% | 0.39% | 0.62% | · | 0.94% | 3.1% | 2.0% | · | 8.5% | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.0 | 3.5 | · | 3.2 | 3.7 | 4.3 | · | 4.0 | 4.4 | 4.2 | · | 3.6 | · | · | |
| Quick Ratio | 2.0 | 2.3 | · | 2.0 | 2.2 | 2.7 | · | 2.3 | 2.6 | 2.5 | · | 2.2 | · | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.0 | · | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.0 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | 106.5 | · |
Efficiency 3
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | · | · | |
| Inventory Turnover | 0.6 | 0.6 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.6 | · | · | |
| Receivables Turnover | 2.0 | 1.7 | · | 1.4 | 1.3 | 1.3 | · | 1.3 | 1.2 | 1.5 | · | 1.9 | · | · |
Valuation (TTM) 13
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2025 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $629M | $548M | · | $505M | $495M | $512M | · | $584M | $647M | $707M | · | $739M | $669M | · | |
| Net Income TTM | $47M | $33M | · | $18M | $38M | $50M | · | $98M | $142M | $175M | · | $207M | $183M | · | |
| Market Cap | $18.73B | $13.00B | · | $9.76B | $6.86B | $7.60B | · | $7.38B | $7.99B | $10.76B | · | $11.86B | · | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $11.75B | · | · | |
| P/E | 401.6 | 395.9 | · | 548.8 | 185.9 | 153.6 | · | 76.5 | 57.4 | 62.6 | · | 58.5 | 72.9 | · | |
| P/S | 29.8 | 23.7 | · | 19.3 | 13.8 | 14.8 | · | 12.6 | 12.3 | 15.2 | · | 16.0 | · | · | |
| P/B | 23.8 | 17.6 | · | 13.8 | 10.0 | 10.7 | · | 10.5 | 11.4 | 15.8 | · | 18.9 | · | · | |
| P / Tangible Book | 41.4 | 30.9 | · | 25.3 | 18.7 | 19.6 | · | 20.0 | 21.9 | 31.0 | · | 41.1 | · | · | |
| P / Cash Flow | · | 258.7 | · | · | · | 238.4 | · | · | · | 364.6 | · | · | · | · | |
| P / FCF | · | 327.3 | · | · | · | 326.7 | · | · | · | 412.5 | · | · | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | 206.4 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 15.9 | · | · | |
| Earnings Yield | 0.25% | 0.25% | · | 0.18% | 0.54% | 0.65% | · | 1.3% | 1.7% | 1.6% | · | 1.7% | 1.4% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Revenue | $523M | $509M | $737M | $660M | $515M |
| Gross Margin % | 68.2% | 66.8% | 69.8% | 68.5% | 62.4% |
| Operating Margin % | 2.1% | 6.8% | 28.8% | 28.4% | 19.6% |
| Net Income | $3M | $61M | $259M | $179M | $96M |
| Diluted EPS | $0.02 | $0.44 | $1.85 | $1.27 | $0.67 |
Balance Sheet
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.0 | 0.3 | 0.4 |
| Current Ratio | 3.1 | 3.7 | 3.8 | 3.0 | 2.8 |
| Quick Ratio | 2.0 | 2.2 | 2.4 | 1.9 | 2.0 |
Cash Flow
| 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2022-01-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $133M | $120M | $249M | $215M | $158M |
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Institutional owners (13F) 645 filers · $12.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 159 (+55 vs prior Q) | 28 (-4 vs prior Q) | 197 (+27 vs prior Q) | 174 (+22 vs prior Q) | +26.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,102,341,574 | 7,206,731 | 9.06% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $946,997,998 | 6,191,148 | 7.78% | Shares |
| Capital Research Global Investors | $756,967,533 | 4,948,995 | 6.22% | Shares |
| STATE STREET CORP | $747,816,648 | 4,889,090 | 6.14% | Shares |
| Artisan Partners Limited Partnership | $531,154,910 | 3,472,509 | 4.36% | Shares |
| Jericho Capital Asset Management L.P. | $500,043,219 | 3,269,111 | 4.11% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $426,843,167 | 2,789,906 | 3.51% | Shares |
| AMERIPRISE FINANCIAL INC | $289,663,105 | 1,893,718 | 2.38% | Shares |
| Pictet Asset Management Holding SA | $283,720,762 | 1,854,869 | 2.33% | Shares |
| Clearbridge Investments, LLC | $269,804,552 | 1,763,890 | 2.22% | Shares |
| Point72 Asset Management, L.P. | $228,202,401 | 1,491,909 | 1.87% | Shares |
| Hood River Capital Management LLC | $224,780,532 | 1,469,538 | 1.85% | Shares |
| NORGES BANK | $218,134,879 | 1,426,091 | 1.79% | Shares |
| NEUBERGER BERMAN GROUP LLC | $208,889,824 | 1,365,650 | 1.72% | Shares |
| CITADEL ADVISORS LLC | $186,592,233 | 1,219,876 | 1.53% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $177,497,384 | 1,160,417 | 1.46% | Shares |
| AMERICAN CENTURY COMPANIES INC | $168,669,579 | 1,102,702 | 1.39% | Shares |
| D1 Capital Partners L.P. | $165,816,441 | 1,084,051 | 1.36% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $152,367,280 | 996,125 | 1.25% | Shares |
| JANE STREET GROUP, LLC | $143,237,556 | 936,438 | 1.18% | Shares |
| Robeco Schweiz AG | $139,172,491 | 909,862 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $135,314,381 | 884,639 | 1.11% | Shares |
| Balyasny Asset Management L.P. | $134,973,740 | 882,412 | 1.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $134,588,731 | 1,450,935 | 1.11% | Shares |
| Stephens Investment Management Group LLC | $131,333,444 | 858,613 | 1.08% | Shares |
| TimesSquare Capital Management, LLC | $127,134,351 | 1,370,573 | 1.04% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $125,709,914 | 821,848 | 1.03% | Shares |
| JENNISON ASSOCIATES LLC | $116,563,794 | 762,054 | 0.96% | Shares |
| JANUS HENDERSON GROUP PLC | $114,714,107 | 1,236,210 | 0.94% | Shares |
| TD Asset Management Inc | $106,734,570 | 697,794 | 0.88% | Shares |
| Qube Research & Technologies Ltd | $104,431,299 | 682,736 | 0.86% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $93,453,259 | 611,272 | 0.77% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $89,860,023 | 587,474 | 0.74% | Shares |
| MILLENNIUM MANAGEMENT LLC | $89,606,721 | 585,818 | 0.74% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $86,661,629 | 566,564 | 0.71% | Shares |
| Defiance ETFs, LLC | $76,970,039 | 526,111 | 0.63% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $64,364,435 | 420,793 | 0.53% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $60,295,914 | 394,194 | 0.50% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $59,932,175 | 391,816 | 0.49% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $58,982,601 | 385,608 | 0.48% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $58,400,587 | 381,803 | 0.48% | Shares |
| RHUMBLINE ADVISERS | $58,328,785 | 381,334 | 0.48% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $55,464,367 | 362,607 | 0.46% | Shares |
| NZS Capital, LLC | $54,686,259 | 357,520 | 0.45% | Shares |
| JANE STREET GROUP, LLC | $50,507,392 | 330,200 | 0.41% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $48,671,872 | 318,200 | 0.40% | Call option |
| MAPLELANE CAPITAL, LLC | $47,484,596 | 310,438 | 0.39% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $47,259,600 | 316,891 | 0.39% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $46,220,841 | 302,176 | 0.38% | Shares |
| FIRST TRUST ADVISORS LP | $45,784,223 | 299,324 | 0.38% | Shares |
| NICHOLAS COMPANY, INC. | $44,963,051 | 293,953 | 0.37% | Shares |
| Swiss National Bank | $42,018,112 | 274,700 | 0.35% | Shares |
| BlackRock, Inc. | $39,908,182 | 260,906 | 0.33% | Shares |
| S SQUARED TECHNOLOGY, LLC | $39,001,588 | 254,979 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $38,610,163 | 252,420 | 0.32% | Shares |
| California Public Employees Retirement System | $38,260,191 | 250,132 | 0.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $35,844,953 | 234,342 | 0.29% | Shares |
| Retirement Systems of Alabama | $35,594,557 | 232,705 | 0.29% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $33,763,320 | 220,733 | 0.28% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $33,435,526 | 218,590 | 0.27% | Shares |
| Jain Global LLC | $31,332,326 | 204,840 | 0.26% | Shares |
| Artemis Investment Management LLP | $30,811,039 | 201,432 | 0.25% | Shares |
| USS Investment Management Ltd | $29,387,849 | 192,090 | 0.24% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $28,756,480 | 188,000 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $27,762,240 | 181,500 | 0.23% | Call option |
| Driehaus Capital Management LLC | $27,332,575 | 178,691 | 0.22% | Shares |
| Aperture Investors, LLC | $27,097,476 | 177,154 | 0.22% | Shares |
| Assenagon Asset Management S.A. | $24,632,372 | 161,038 | 0.20% | Shares |
| Tensor Edge Capital, LLC | $24,404,768 | 159,550 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $23,295,808 | 152,300 | 0.19% | Put option |
| Nicholas Investment Partners, LP | $22,380,801 | 146,318 | 0.18% | Shares |
| NEXT CENTURY GROWTH INVESTORS LLC | $21,393,903 | 139,866 | 0.18% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $19,985,142 | 130,656 | 0.16% | Shares |
| ROYAL BANK OF CANADA | $19,602,000 | 128,148 | 0.16% | Shares |
| ALGERT GLOBAL LLC | $18,726,893 | 122,430 | 0.15% | Shares |
| MAPLELANE CAPITAL, LLC | $17,865,728 | 116,800 | 0.15% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $17,639,041 | 115,318 | 0.14% | Shares |
| Woodline Partners LP | $17,537,170 | 114,652 | 0.14% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $17,349,182 | 113,423 | 0.14% | Shares |
| CIBC Bancorp USA Inc. | $17,253,123 | 112,823 | 0.14% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $16,269,132 | 106,362 | 0.13% | Shares |
| TITAN GLOBAL CAPITAL MANAGEMENT USA LLC | $15,539,671 | 101,594 | 0.13% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $15,221,661 | 99,514 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $15,219,520 | 99,500 | 0.13% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $14,858,207 | 97,138 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $14,696,709 | 158,438 | 0.12% | Shares |
| Weiss Asset Management LP | $14,690,278 | 96,040 | 0.12% | Shares |
| MARSHALL WACE, LLP | $14,335,105 | 93,718 | 0.12% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $14,105,360 | 92,216 | 0.12% | Shares |
| Nippon Life Global Investors Americas, Inc. | $14,038,669 | 91,780 | 0.12% | Shares |
| Gotham Asset Management, LLC | $13,463,080 | 88,017 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $13,271,268 | 86,763 | 0.11% | Shares |
| Legal & General Group Plc | $12,826,767 | 83,857 | 0.11% | Shares |
| VAN ECK ASSOCIATES CORP | $12,656,522 | 82,744 | 0.10% | Shares |
| OSTERWEIS CAPITAL MANAGEMENT INC | $12,216,150 | 79,865 | 0.10% | Shares |
| RAYMOND JAMES FINANCIAL INC | $11,996,041 | 78,426 | 0.10% | Shares |
| Quantinno Capital Management LP | $11,690,886 | 76,431 | 0.10% | Shares |
| CASTLEARK MANAGEMENT LLC | $11,315,828 | 73,979 | 0.09% | Shares |
| MetLife Investment Management, LLC | $10,906,201 | 71,301 | 0.09% | Shares |
| PEREGRINE INVESTMENT MANAGEMENT INC | $10,664,371 | 69,720 | 0.09% | Shares |
Company insiders 55 insiders · 25 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ford Tamer | President & CEO | July 10, 2026 F | 317,243 | 0 | 0 | $0 |
| James Robert Anderson | President & CEO | Feb. 22, 2023 M | 827,432 | 0 | 0 | $0 |
| Darin G Billerbeck | Former President & CEO | May 31, 2018 M | 633,823 | 0 | 0 | $0 |
| Bruno Guilmart | President & CEO | Sept. 1, 2010 M | 0 | 0 | 0 | $0 |
| Stephen A Skaggs | Director, CEO and President | Feb. 6, 2007 A | 53,795 | 0 | 0 | $0 |
| Sherri R Luther | SVP, CFO | Feb. 28, 2023 S | 154,824 | 0 | 0 | $0 |
| Maxwell J Downing | CFO | Oct. 19, 2018 M | 18,039 | 0 | 0 | $0 |
| Joseph Bedewi | VP Corp, CFO | March 30, 2016 M | 31,723 | 0 | 0 | $0 |
| Michael G Potter | Chief Financial Officer | Feb. 1, 2011 A | 0 | 0 | 0 | $0 |
| Robert W O'Brien Jr | Interim CFO | Feb. 6, 2009 M | 3,067 | 0 | 0 | $0 |
| Jan Johannessen | Senior Vice President, CFO | Feb. 5, 2008 A | — | 0 | 0 | $0 |
| Tracy Ann Feanny | SVP, General Counsel | Aug. 17, 2026 F | 62,101 | 0 | 1 | $-63,043 |
| Esam Elashmawi | SVP, Strategy and Marketing | Aug. 17, 2026 S | 155,420 | 0 | 5 | $-2,121,542 |
| Glenn O'Rourke | SVP, Mfg Ops | March 9, 2023 S | 1,790 | 0 | 0 | $0 |
| Stephen Douglass | SVP, R&D | Feb. 24, 2023 S | 142,480 | 0 | 0 | $0 |
| Mark Jon Nelson | SVP, Sales | Feb. 21, 2023 S | 32,737 | 0 | 0 | $0 |
| Byron Wayne Milstead | VP Corp, General Counsel | Nov. 2, 2021 M | 9,733 | 0 | 0 | $0 |
| Glen Hawk | VP, Corp Mktg | Oct. 18, 2018 M | 13,100 | 0 | 0 | $0 |
| Sean P Riley | VP Corp/GM,Business Group | Aug. 1, 2012 M | 3,678 | 0 | 0 | $0 |
| Christopher M Fanning | CVP Low Density & Mixed Signal | Feb. 7, 2011 M | 31,175 | 0 | 0 | $0 |
| Stephen M Donovan | Corporate VP - Sales | March 5, 2008 M | 7,792 | 0 | 0 | $0 |
| Martin Raymond Baker | Corp VP, General Counsel | Feb. 5, 2008 A | 1,610 | 0 | 0 | $0 |
| Frank J Barone | Corp VP - Product Operations | Aug. 9, 2005 A | — | 0 | 0 | $0 |
| Jonathan K Yu | Corp VP, Business Development | Aug. 10, 2004 A | — | 0 | 0 | $0 |
| Kenneth Yu | Vice President, Lattice Asia | Oct. 28, 2003 A | — | 0 | 0 | $0 |
| James P Lederer | Director | June 3, 2026 S | 41,201 | 0 | 1 | $-939,157 |
| Mark Edwin Jensen | Director | March 31, 2023 M | 97,841 | 0 | 0 | $0 |
| Douglas R Bettinger | Director | Jan. 1, 2023 A | — | 0 | 0 | $0 |
| Raejeanne Skillern | Director | Oct. 14, 2022 A | — | 0 | 0 | $0 |
| Krishna Rangasayee | Director | July 18, 2022 M | 27,552 | 0 | 0 | $0 |
| David Jeffrey Richardson | Director | May 9, 2022 A | 29,567 | 0 | 0 | $0 |
| Robin Ann Abrams | Director | May 9, 2022 A | 151,862 | 0 | 0 | $0 |
| Anjali Joshi | Director | May 9, 2022 A | 15,101 | 0 | 0 | $0 |
| John E Major | Director | May 5, 2021 M | 38,552 | 0 | 0 | $0 |
| John Bourgoin | Director | May 5, 2021 M | 184,978 | 0 | 0 | $0 |
| Brian M Beattie | Director | May 7, 2019 M | 39,554 | 0 | 0 | $0 |
| Fred Weber | Director | June 1, 2017 A | 22,727 | 0 | 0 | $0 |
| Robert R Herb | Director | June 1, 2017 A | 51,944 | 0 | 0 | $0 |
| Balaji Krishnamurthy | Director | May 7, 2016 M | 90,821 | 0 | 0 | $0 |
| Patrick S Jones | Director | May 7, 2015 M | 71,497 | 0 | 0 | $0 |
| Hans Schwarz | Director | May 2, 2014 M | 60,556 | 0 | 0 | $0 |
| Gerhard H Parker | Director | May 2, 2014 M | 58,306 | 0 | 0 | $0 |
| Richard W Marz | Director | May 1, 2013 M | 46,339 | 0 | 0 | $0 |
| Daniel S Hauer | Director | Aug. 5, 2008 A | — | 0 | 0 | $0 |
| Harry A Merlo | Director | Aug. 7, 2007 A | 101,450 | 0 | 0 | $0 |
| Soo Boon Koh | Director | Aug. 9, 2005 A | — | 0 | 0 | $0 |
| Mark O Hatfield | Director | Aug. 9, 2005 A | — | 0 | 0 | $0 |
| Cyrus Y Tsui | Director | Aug. 9, 2005 A | — | 0 | 0 | $0 |
| Larry W Sonsini | Director | Aug. 5, 2003 A | — | 0 | 0 | $0 |
| Pravin Desale | — | Aug. 16, 2026 F | 72,739 | 0 | 1 | $-291,353 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| LION POINT MASTER, LP, LION POINT CAPITAL GP, LLC, LION POINT CAPITAL, LP, LION POINT HOLDINGS GP, LLC, DIDRIC CEDERHOLM, JIM FREEMAN ×3 filings | July 22, 2019 | — | Initial filing | — | SEC |
| Tsinghua Unigroup International Co., Ltd., Tsinghua Unigroup Capital Management Co., Ltd., Tsinghua Unigroup Co., Ltd. ×6 filings | Oct. 3, 2016 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 104 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SNSR · Global X Funds | 6.24% | 106,707 NS | May 31, 2026 | N-PORT |
| PJFM · PGIM ETF Trust | 4.23% | 4,785 NS | May 29, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 3.81% | 307 NS | April 30, 2026 | N-PORT |
| SOXY · Tidal Trust II | 2.93% | 11,923 NS | April 30, 2026 | N-PORT |
| CHPY · Tidal Trust II | 2.92% | 148,664 NS | April 30, 2026 | N-PORT |
| PSI · Invesco Exchange-Traded Fund Trust | 2.58% | 502,062 SH | Aug. 8, 2026 | Daily |
| PTF · Invesco Exchange-Traded Fund Trust | 2.33% | 114,931 SH | Aug. 8, 2026 | Daily |
| TEC · Harbor ETF Trust | 2.19% | 1,208 NS | April 30, 2026 | N-PORT |
| NBSM · Neuberger Berman ETF Trust | 1.87% | 28,670 NS | May 31, 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.44% | 174,905 NS | April 30, 2026 | N-PORT |
| FWD · AB Active ETFs, Inc. | 1.19% | 233,618 NS | May 31, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.74% | 19,096 NS | April 30, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.74% | 2,619 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.70% | 73,918 NS | April 30, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.65% | 79,761 SH | Aug. 8, 2026 | Daily |
| PDP · Invesco Exchange-Traded Fund Trust | 0.64% | 74,007 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.60% | 20,223 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.57% | 1,814,703 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.57% | 221,283 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 0.56% | 473,208 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.56% | 18,516 SH | Aug. 8, 2026 | Daily |
| AIPO · Tidal Trust II | 0.52% | 26,547 NS | May 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.51% | 1,068 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.50% | 787,231 SH | Aug. 8, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.49% | 15,697 NS | April 30, 2026 | N-PORT |
| IJH · iShares Trust | 0.49% | 4,727,363 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.44% | 22,394 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.44% | 4,728 NS | May 31, 2026 | N-PORT |
| IJJ · iShares Trust | 0.41% | 285,732 SH | Aug. 8, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.37% | 369,724 NS | May 31, 2026 | N-PORT |
| CHPS · DBX ETF Trust | 0.37% | 2,246 NS | May 29, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.34% | 33,230 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.34% | 55,767 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.33% | 2,266 NS | April 30, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.32% | 194,659 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.32% | 3,484 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.31% | 60,054 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.31% | 15,706 NS | May 31, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.30% | 660 NS | May 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 54,033 NS | April 30, 2026 | N-PORT |
| IGPT · Invesco Exchange-Traded Fund Trust | 0.29% | 25,959 SH | Aug. 8, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.28% | 3,525 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.27% | 61,088 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.25% | 3,142,262 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.25% | 2,535 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.24% | 54,078 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.24% | 1,572,187 SH | Aug. 8, 2026 | Daily |
| IMCG · iShares Trust | 0.24% | 74,786 SH | Aug. 8, 2026 | Daily |
| SMMD · iShares Trust | 0.23% | 67,934 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.21% | 28,048 SH | Aug. 8, 2026 | Daily |