Any recommendations for a fast hashing algorithm?

Hello,

Does anyone have a recommendation for reducing 128 bits into a 8-16 bit hash (in HW of course)?

AES and others are overly complicated. I'm trying to create a lookup table for content-based lookup with only 8-16 bit tags.

does not need to be cyrptographically secure

should be fast (preferably single cycle)

low area if possible

reasonable randomization and avalanche effect (to reduce collisions)