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Stock impact report

Allegro MicroSystems (ALGM) Fell on Weaker Than Expected Guidance [Yahoo! Finance]

Allegro MicroSystems, Inc. (ALGM) 
Company Research Source: Yahoo! Finance
A copy of the same can be downloaded here . News of declining inflation and the potential for lower interest rates in 2024 fueled optimism in the final months of the year. Equities saw a broad rally, with small caps surging over 14% and large caps adding to yearly gains, resulting in a 12% return for the quarter. In the quarter, the fund appreciated 8.96% (net), trailing its benchmark, the S&P 500 Index, which returned 11.69%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023. Meridian Hedged Equity Fund featured stocks like Allegro MicroSystems, Inc. (NASDAQ: ALGM ) in the fourth 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 April 2, 2024, Allegro MicroSystems, Inc. (NASDAQ:ALGM) stock closed at $25.68 per share. One-month return of Allegro MicroSystems, Inc. (NASDAQ:ALGM) Show less Read more
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