Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Small Cap Growth Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund delivered negative returns in the third quarter. The portfolio recorded impressive gains at the beginning of the quarter. In contrast, there was a disappointing selloff at the end of the quarter. The Russell 2000 Growth Index was 0.26% up compared to a 4.60% decline for its counterpart, the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
In the third-quarter letter, Carillon Tower Advisers discussed stocks like Universal Electronics Inc. (NASDAQ:UEIC). Headquartered in Scottsdale, Arizona, Universal Electronics Inc. (NASDAQ:UEIC) is a consumer electronics company that manufactures and sells remote controls audio-video (AV) accessories, and intelligent wireless security and smart home products. On October 27, 2022, Universal Electronics Inc. (NASDAQ:UEIC) stock closed at $19.64 per share. One-month return of Universal Electronics Inc. (NASDAQ:UEIC) was -0.15% and its shares lost 52.31% of their value over the last 52 weeks. Universal Electronics Inc. (NASDAQ:UEIC) has a market capitalization of $248.523 million.
Carillon Tower Advisers made the following comment about Universal Electronics Inc. (NASDAQ:UEIC) in its Q3 2022 investor letter:
“Universal Electronics Inc. (NASDAQ:UEIC) designs and manufactures wireless universal control solutions for home entertainment and smart home devices. The stock was pressured after management gave forward guidance that came in below investor expectations. Despite a number of design wins within its heating, ventilation, and airconditioning and home-automation product lines, the company’s shares have been pressured as it continues to be plagued by component shortages as well as persistent logistical issues at some of its largest customers.”
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Universal Electronics Inc. (NASDAQ:UEIC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held Universal Electronics Inc. (NASDAQ:UEIC) at the end of the second quarter which was 8 in the previous quarter.
We discussed Universal Electronics Inc. (NASDAQ:UEIC) in another article and shared the list of smart home technology stocks to buy. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.
At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.
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175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias
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Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.
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