Allegro MicroSystems, Inc. $ALGM Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 104.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,902 shares of the company’s stock after buying an additional 68,549 shares during the quarter. Quantinno Capital Management LP owned about 0.07% of Allegro MicroSystems worth $4,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Allegro MicroSystems by 42.8% in the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after acquiring an additional 302 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Allegro MicroSystems in the fourth quarter valued at about $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of Allegro MicroSystems by 14,844.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock valued at $35,000 after purchasing an additional 1,336 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Allegro MicroSystems by 85.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after purchasing an additional 669 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Allegro MicroSystems by 815.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,142 shares of the company’s stock worth $57,000 after purchasing an additional 1,908 shares during the last quarter. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ALGM shares. TD Cowen dropped their price target on shares of Allegro MicroSystems from $66.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Evercore reaffirmed an “outperform” rating and set a $53.00 price target on shares of Allegro MicroSystems in a research report on Friday, May 8th. Mizuho decreased their price objective on Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Morgan Stanley increased their price objective on Allegro MicroSystems from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company raised their target price on Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.80.

Allegro MicroSystems Price Performance

Shares of ALGM opened at $43.77 on Friday. Allegro MicroSystems, Inc. has a 1-year low of $22.41 and a 1-year high of $71.77. The stock has a market cap of $8.16 billion, a PE ratio of 729.62, a P/E/G ratio of 1.34 and a beta of 1.94. The firm has a 50-day simple moving average of $51.17 and a two-hundred day simple moving average of $42.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.70 and a quick ratio of 2.33.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $259.24 million for the quarter, compared to analyst estimates of $251.44 million. Allegro MicroSystems had a net margin of 1.50% and a return on equity of 8.30%. The business’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. As a group, analysts forecast that Allegro MicroSystems, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling

In other news, CAO Roald Graham Webster sold 5,217 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $44.88, for a total transaction of $234,138.96. Following the completion of the transaction, the chief accounting officer directly owned 13,106 shares in the company, valued at $588,197.28. This trade represents a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan D. Lynch sold 16,711 shares of Allegro MicroSystems stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $45.46, for a total value of $759,682.06. Following the completion of the sale, the director directly owned 12,805 shares of the company’s stock, valued at $582,115.30. The trade was a 56.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,607 shares of company stock valued at $3,213,714 over the last quarter. 0.50% of the stock is owned by corporate insiders.

About Allegro MicroSystems

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.