Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. Small-cap stocks were unable to sustain the positive gains made in the first quarter and finished the second quarter in negative territory. Among the style indexes, the Russell 2000® Growth Index outperformed the Russell 2000® Value Index by a modest margin, with a decrease of 2.92% compared to a decrease of 3.75%. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Carillon Eagle Small Cap Growth Fund highlighted stocks like Lattice Semiconductor Corporation (NASDAQ:LSCC) in the Q2 2024 investor letter. Lattice Semiconductor Corporation (NASDAQ:LSCC) develops and distributes semiconductor products. The one-month return of Lattice Semiconductor Corporation (NASDAQ:LSCC) was -12.60%, and its shares lost 51.19% of their value over the last 52 weeks. On August 28, 2024, Lattice Semiconductor Corporation (NASDAQ:LSCC) stock closed at $46.32 per share with a market capitalization of $6.382 billion.
Carillon Eagle Small Cap Growth Fund stated the following regarding Lattice Semiconductor Corporation (NASDAQ:LSCC) in its Q2 2024 investor letter:
“Lattice Semiconductor Corporation (NASDAQ:LSCC) provides chips used in various end markets. Investors have been disappointed this year as growth has slowed from last year’s much more robust pace. Furthermore, a surprising departure of the well-regarded CEO added to the shares pulling back. We believe the company is very well positioned to gain market share with its current line of products as well as new announcements that should help the company grow well above market rates for the next couple of years. The announcement of a permanent CEO from a well-regarded company also could alleviate concerns about the company’s management.”
A row of robotic arms in a factory, assembling semiconductor products.
Lattice Semiconductor Corporation (NASDAQ:LSCC) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held Lattice Semiconductor Corporation (NASDAQ:LSCC) at the end of the second quarter which was 26 in the previous quarter. The second quarter revenue of Lattice Semiconductor Corporation (NASDAQ:LSCC) declined 12% from the previous quarter and 35% from the prior year’s quarter due to inventory normalization in the industrial and automotive markets. While we acknowledge the potential of Lattice Semiconductor Corporation (NASDAQ:LSCC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we discussed Lattice Semiconductor Corporation (NASDAQ:LSCC) and shared Artisan Mid Cap Fund’s views on the company. In Q4 2023, Lattice Semiconductor Corporation (NASDAQ:LSCC) detracted from the performance of Carillon Eagle Small Cap Growth Fund. In addition, please check out our hedge fund investor letters Q2 2024 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.
