Robeco Schweiz AG Takes Position in Allegro MicroSystems, Inc. $ALGM

Robeco Schweiz AG purchased a new position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 45,000 shares of the company’s stock, valued at approximately $1,539,000.

Several other large investors have also bought and sold shares of ALGM. KLP Kapitalforvaltning AS lifted its holdings in shares of Allegro MicroSystems by 10.4% in the second quarter. KLP Kapitalforvaltning AS now owns 27,500 shares of the company’s stock worth $940,000 after acquiring an additional 2,600 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Allegro MicroSystems during the 2nd quarter valued at approximately $481,000. Envestnet Asset Management Inc. increased its position in Allegro MicroSystems by 36.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 104,966 shares of the company’s stock worth $2,638,000 after purchasing an additional 28,179 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in Allegro MicroSystems during the 1st quarter worth approximately $278,000. Finally, PNC Financial Services Group Inc. lifted its stake in Allegro MicroSystems by 7.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,353 shares of the company’s stock valued at $411,000 after purchasing an additional 1,092 shares during the last quarter. 56.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALGM. Cowen reaffirmed a “buy” rating on shares of Allegro MicroSystems in a research note on Friday, October 31st. Wells Fargo & Company restated an “overweight” rating and set a $42.00 price objective (up previously from $33.00) on shares of Allegro MicroSystems in a research report on Wednesday, July 16th. Mizuho increased their target price on Allegro MicroSystems from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. TD Cowen lifted their price target on Allegro MicroSystems from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Allegro MicroSystems in a report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $26.61 on Wednesday. The company has a current ratio of 3.70, a quick ratio of 2.26 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $29.43 and its two-hundred day simple moving average is $29.79. Allegro MicroSystems, Inc. has a 12 month low of $16.38 and a 12 month high of $38.45. The stock has a market capitalization of $4.93 billion, a P/E ratio of -71.92 and a beta of 1.72.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%.The company had revenue of $214.29 million for the quarter, compared to the consensus estimate of $210.75 million. During the same period in the previous year, the business earned $0.08 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. As a group, analysts predict that Allegro MicroSystems, Inc. will post 0.01 EPS for the current year.

Insider Transactions at Allegro MicroSystems

In other Allegro MicroSystems news, CAO Roald Graham Webster sold 8,266 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $32.81, for a total value of $271,207.46. Following the transaction, the chief accounting officer directly owned 17,300 shares of the company’s stock, valued at approximately $567,613. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Allegro MicroSystems Profile

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.