Allegro MicroSystems, Inc. $ALGM Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 1.4% during the first quarter, HoldingsChannel.com reports. The fund owned 2,170,487 shares of the company’s stock after acquiring an additional 30,340 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Allegro MicroSystems were worth $68,399,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Allegro MicroSystems by 70.0% during the 1st quarter. Royal Bank of Canada now owns 117,923 shares of the company’s stock worth $2,964,000 after buying an additional 48,554 shares during the last quarter. AQR Capital Management LLC purchased a new position in Allegro MicroSystems during the 1st quarter valued at about $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Allegro MicroSystems by 31.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company’s stock valued at $8,911,000 after acquiring an additional 85,607 shares in the last quarter. Prudential Financial Inc. raised its position in Allegro MicroSystems by 24.0% during the second quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock worth $536,000 after acquiring an additional 3,040 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Allegro MicroSystems by 5.4% during the second quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock worth $19,710,000 after acquiring an additional 29,531 shares during the last quarter. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALGM has been the topic of several recent research reports. Evercore reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Allegro MicroSystems in a report on Friday, May 8th. Mizuho reduced their target price on Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday. Barclays cut Allegro MicroSystems from an “overweight” rating to an “equal weight” rating and set a $48.00 target price on the stock. in a report on Monday, July 20th. Wall Street Zen cut Allegro MicroSystems from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.80.

Allegro MicroSystems Trading Up 0.1%

Shares of Allegro MicroSystems stock opened at $41.50 on Friday. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $71.77. The business’s fifty day moving average is $51.82 and its two-hundred day moving average is $42.58. The company has a quick ratio of 2.21, a current ratio of 3.70 and a debt-to-equity ratio of 0.30. The firm has a market cap of $7.73 billion, a PE ratio of 691.78 and a beta of 1.90.

Allegro MicroSystems (NASDAQ:ALGM) last released its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%.The firm had revenue of $259.24 million during the quarter, compared to analyst estimates of $251.44 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 27.5% compared to the same quarter last year. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Analysts anticipate that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

Allegro MicroSystems News Roundup

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Allegro exceeded expectations with earnings of $0.23 per share versus the $0.21 consensus and revenue of $259.24 million versus $251.44 million. Revenue increased 27.5% year over year, while EPS rose substantially from $0.09 a year earlier. Allegro MicroSystems Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management issued second-quarter revenue guidance of $265 million to $275 million, above the $264.5 million consensus, and EPS guidance of $0.23 to $0.26, at or above expectations. Allegro MicroSystems Reports First Quarter 2027 Results
• Positive Sentiment: Record data-center sales, stronger bookings, expanding design wins and increased semiconductor content per system point to sustained AI infrastructure demand. Electrification and automation also provide additional growth opportunities. ALGM Q1 Earnings Call Highlights AI Data Center Growth
• Positive Sentiment: Needham raised its price target from $55 to $57 and maintained a Buy rating, implying substantial potential upside from the referenced $41.50 level.
• Neutral Sentiment: Despite the operating beat, Allegro reported a negative net margin of 1.67%, and the shares remain well below their 52-week high, suggesting investors may be weighing recovery potential against profitability and valuation risks.
• Negative Sentiment: Mizuho cut its price target from $67 to $58, although it retained an Outperform rating. TD Cowen also reduced its target from $66 to $48 while maintaining Buy. These reductions may limit enthusiasm by signaling more cautious assumptions despite the favorable results.

Insider Activity at Allegro MicroSystems

In related news, CAO Roald Graham Webster sold 5,217 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $44.88, for a total value of $234,138.96. Following the completion of the sale, the chief accounting officer directly owned 13,106 shares in the company, valued at approximately $588,197.28. The trade was a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Doogue sold 30,089 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the completion of the sale, the chief executive officer owned 252,797 shares of the company’s stock, valued at approximately $11,939,602.31. The trade was a 10.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,607 shares of company stock worth $3,213,714. Corporate insiders own 0.50% of the company’s stock.

Allegro MicroSystems Profile

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.