Here’s Why Keysight Technologies (KEYS) Performed Well in Q3
Scout Investments, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Scout Mid Cap Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund underperformed in the quarter relative to its benchmark Russell Midcap Index. Inflation and the Fed’s actions impacted the fund’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Carillon Tower Advisers highlighted stocks like Keysight Technologies, Inc. (NYSE:KEYS) in the Q3 2022 investor letter. Headquartered in Santa Rosa, California, Keysight Technologies, Inc. (NYSE:KEYS) is an electronic design and test solutions provider. On December 30, 2022, Keysight Technologies, Inc. (NYSE:KEYS) stock closed at $171.07 per share. One-month return of Keysight Technologies, Inc. (NYSE:KEYS) was -5.24%, and its shares lost 17.16% of their value over the last 52 weeks. Keysight Technologies, Inc. (NYSE:KEYS) has a market capitalization of $30.586 billion.
Carillon Tower Advisers made the following comment about Keysight Technologies, Inc. (NYSE:KEYS) in its Q3 2022 investor letter:
“Keysight Technologies, Inc. (NYSE:KEYS) also performed well. Demand for electronic test and measurement equipment continues to grow, fueled by cloud adoption, electric vehicle growth, and the general electrification of industry and consumer items."
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Keysight Technologies, Inc. (NYSE:KEYS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 42 hedge fund portfolios held Keysight Technologies, Inc. (NYSE:KEYS) at the end of the third quarter, which was 37 in the previous quarter.
We discussed Keysight Technologies, Inc. (NYSE:KEYS) in another article and shared ClearBridge Investments’ views on the company. 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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Disclosure: None. This article is originally published at Insider Monkey.
