TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy outperformed the Russell Midcap Growth Index and returned 7.16% (gross) while the index return was 6.23%. Consumer Discretionary, Financials, and Consumer Staples sector showed relative weakness. However, the strength in Industrials, Information Technology, and Health Care sectors offset the setbacks. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted stocks like Lattice Semiconductor Corporation (NASDAQ:LSCC) in the second quarter 2023 investor letter. Based in Hillsboro, Oregon, Lattice Semiconductor Corporation (NASDAQ:LSCC) is a semiconductor products developer. On October 2, 2023, Lattice Semiconductor Corporation (NASDAQ:LSCC) stock closed at $85.71 per share. One-month return of Lattice Semiconductor Corporation (NASDAQ:LSCC) was -10.38%, and its shares gained 59.11% of their value over the last 52 weeks. Lattice Semiconductor Corporation (NASDAQ:LSCC) has a market capitalization of $11.814 billion.
TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q2 2023 investor letter:
“New to the strategy this quarter was Lattice Semiconductor Corporation (NASDAQ:LSCC), a leading provider of low-power, programmable integrated circuits. Lattice specializes in manufacturing Field Programmable Gate Arrays (FPGAs), that can be programed and reprogramed to adapt to customer needs without needing to be replaced. Over the last several years, Lattice’s new management team has broadened its platform and strategy, improved its market leadership, and improved operating margins. More recently, the company introduced a set of mid-range FPGAs, which should provide a large new growth opportunity.”
A technician in a clean room assembling a semiconductor chip using a microscope. Editorial photo for a financial news article. 8k. –ar 16:9
Lattice Semiconductor Corporation (NASDAQ:LSCC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 35 hedge fund portfolios held Lattice Semiconductor Corporation (NASDAQ:LSCC) at the end of second quarter which was 36 in the previous quarter.
We discussed Lattice Semiconductor Corporation (NASDAQ:LSCC) in another article and shared Artisan Global Discovery Fund’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
