Baron Discovery Fund 2025 Q4 (INDI)
Pitch Summary: indie Semiconductor, Inc. outperformed during the period. indie is a provider of semiconductors for the automotive market, with a focus on advanced driver assistance systems (ADAS), in-cabin connectivity, and user experience. We believe indie has meaningful content growth opportunities as vehicles become increasingly electronic and software-defined, and management continues to execute well against […]
TimesSquare Capital Management U.S. Small Cap Growth Strategy 2025 Q3 (SITM US)
Pitch Summary: SiTime Corporation designs MEMS timing chips such as oscillators and resonators for electronic components. It is the dominant market leader for MEMS timing chips, which are rapidly displacing quartz-based systems in high-performance processors. The fund initiated the position in June and continued buying in July during share price weakness, expecting accelerating sales momentum […]
Artisan Partners Small Cap Fund 2025 Q3 (MTSI)
Pitch Summary: MACOM designs and manufactures high-performance semiconductors. The company delivered better-than-expected quarterly results. However, it was required to assume operational control of the fabrication facility acquired from Wolfspeed approximately six months ahead of schedule, following Wolfspeed’s bankruptcy filing. This accelerated transition has temporarily weighed on MACOM’s near-term margin outlook, though we believe the impact […]
Driehaus Small Cap Growth Fund 2025 Q3 (CRDO US)
Pitch Summary: Credo was another major contributor to performance, benefiting from rising hyperscaler capex and cloud networking investment. The firm’s products enable efficient, low-power interconnects for AI-driven data centers. Driehaus emphasized Credo’s leadership in optical components and strong design-win pipeline across major cloud customers. The company’s growth reflects structural demand for bandwidth and energy efficiency […]
Artisan Partners Small Cap Fund (MTSI)
Pitch Summary: MACOM designs and manufactures high-performance semiconductors. The company delivered better-than-expected quarterly results. However, it was required to assume operational control of the fabrication facility acquired from Wolfspeed approximately six months ahead of schedule, following Wolfspeed’s bankruptcy filing. This accelerated transition has temporarily weighed on MACOM’s near-term margin outlook, though we believe the impact […]
Himax Technologies, Inc.
Pitch Summary: Himax Technologies presents a stable investment opportunity in the semiconductor industry, with a focus on visual display chips for consumer electronics. Despite healthy financials, the cyclical nature of the industry suggests limited upside at current prices. Investors are advised to wait for a better entry point. BSD Analysis: Himax Technologies has demonstrated resilience […]
