15 Best Micro and Small Cap Stocks to Buy According to Jim Simons’ Renaissance Technologies

13. Inmode Ltd (NASDAQ:INMD)

Renaissance Technologies Equity Stake: $35.38 Million

Number of Hedge Fund Holders: 25

Stock Upside Potential: 12.50%

Market Cap: $886.7 Million

Inmode Ltd (NASDAQ:INMD) is one of the best micro and small cap stocks to buy according to Jim Simons’ Renaissance Technologies. Inmode Ltd (NASDAQ:INMD) reported its Q1 2026 results on May 6, saying revenue rose 5% YoY to $82 million. The Israeli medical device company delivered topline growth even as it operated in a soft market marked by macroeconomic uncertainties amid regional conflicts.

Inmode reported net income of $11.6 million, or $0.18 per share. That was down from $18.2 million, or $0.26 per share a year ago. The bottomline squeeze stemmed from the rising cost of goods and investments in the sales force and subsidiaries. The company is setting up subsidiaries in key markets as it works to grow its international sales. The company is anticipating full-year 2026 revenue between $365 million and $375 million.

Despite the macroeconomic uncertainty and soaring costs, Inmode returned millions of dollars to shareholders and closed Q1 in a solid financial position. At the time of reporting the results, the management said nearly 4 million shares had been repurchased and $52.7 million in cash returned to shareholders year-to-date.

Inmode wrapped up Q1 with $537.2 million in cash, and the company said the financial strength allows it to explore a broad range of capital allocation opportunities.

Inmode Ltd (NASDAQ:INMD) provides medical products used in various procedures. The company says it is focused on improving existing treatments and enabling emerging surgical procedures. Inmode was founded in 2008 and is headquartered in Israel.