Published on 27 Dec 2023 on Insider Monkey via Yahoo Finance
Allegro MicroSystems (ALGM) Affected by United Auto Workers Strike
Chartwell Investment Partners, LLC, an affiliate of Carillon Tower Advisers, Inc., released the “Carillon Chartwell Small Cap Value Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. Information technology and industrials were the top-performing sectors in the Carillon Chartwell Small Cap Growth Fund, with alpha production coming from well-chosen stocks. In contrast, poor stock selection hindered the materials sector's performance. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Carillon Chartwell Small Cap Value Fund highlighted stocks like Allegro MicroSystems, Inc. (NASDAQ:ALGM) in the third quarter 2023 investor letter. Headquartered in Manchester, New Hampshire, Allegro MicroSystems, Inc. (NASDAQ:ALGM) manufactures and markets sensor integrated circuits (ICs) and application-specific analog power ICs. On December 26, 2023, Allegro MicroSystems, Inc. (NASDAQ:ALGM) stock closed at $31.20 per share. One-month return of Allegro MicroSystems, Inc. (NASDAQ:ALGM) was 13.25%, and its shares gained 6.81% of their value over the last 52 weeks. Allegro MicroSystems, Inc. (NASDAQ:ALGM) has a market capitalization of $6.005 billion.
Carillon Chartwell Small Cap Value Fund made the following comment about Allegro MicroSystems, Inc. (NASDAQ:ALGM) in its Q3 2023 investor letter: