TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” second-quarter investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy underperformed the Russell 2000 Growth Index and returned 2.50% (net), and the index return was 7.05%. Consumer Staples, Health Care, Industrials, and Information Technology showed relative weakness. However, Communication Services and Materials showed strength, partially offsetting the weakness. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare U.S. Small Cap Growth Strategy highlighted stocks like Cohu, Inc. (NASDAQ:COHU) in the second quarter 2023 investor letter. Headquartered in Poway, California, Cohu, Inc. (NASDAQ:COHU) provides semiconductor test equipment and services. On September 22, 2023, Cohu, Inc. (NASDAQ:COHU) stock closed at $34.22 per share. One-month return of Cohu, Inc. (NASDAQ:COHU) was -4.41%, and its shares gained 33.31% of their value over the last 52 weeks. Cohu, Inc. (NASDAQ:COHU) has a market capitalization of $1.629 billion.
TimesSquare U.S. Small Cap Growth Strategy made the following comment about Cohu, Inc. (NASDAQ:COHU) in its Q2 2023 investor letter:
“A new addition to the IT sector this quarter was Cohu, Inc. (NASDAQ:COHU), a semiconductor capital equipment company focused on testing and handling equipment. These products are mainly used in the back-end stages of the manufacturing process where chips are being assembled and packaged.”
Cohu, Inc. (NASDAQ:COHU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge fund portfolios held Cohu, Inc. (NASDAQ:COHU) at the end of second quarter which was 14 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.