Vanguard Group Inc. Has $354.33 Million Position in Allegro MicroSystems, Inc. $ALGM

Key Points

• Vanguard Group Inc. increased its holdings in Allegro MicroSystems by 0.1% during the first quarter, owning 14.1 million shares valued at approximately $354.3 million.
• Allegro MicroSystems reported a revenue increase of 21.9% year-over-year, with quarterly revenue of $203.41 million, meeting analysts' expectations for earnings per share at $0.09.
• Investment analysts have a consensus rating of "Moderate Buy" for Allegro MicroSystems, with an average price target of $37.56 per share, indicating potential growth in the stock value.

Vanguard Group Inc. increased its holdings in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,100,017 shares of the company's stock after acquiring an additional 17,070 shares during the period. Vanguard Group Inc. owned about 7.66% of Allegro MicroSystems worth $354,333,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ALGM. Raymond James Financial Inc. acquired a new stake in shares of Allegro MicroSystems during the 4th quarter valued at about $15,145,000. Sterling Capital Management LLC raised its stake in Allegro MicroSystems by 59.9% during the fourth quarter. Sterling Capital Management LLC now owns 7,364 shares of the company's stock worth $161,000 after acquiring an additional 2,758 shares in the last quarter. Barclays PLC raised its stake in Allegro MicroSystems by 106.7% during the fourth quarter. Barclays PLC now owns 156,325 shares of the company's stock worth $3,417,000 after acquiring an additional 80,705 shares in the last quarter. Marshall Wace LLP acquired a new position in Allegro MicroSystems during the fourth quarter worth $1,371,000. Finally, Dimensional Fund Advisors LP raised its stake in Allegro MicroSystems by 30.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,719,274 shares of the company's stock worth $37,582,000 after acquiring an additional 404,761 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Mizuho increased their price objective on Allegro MicroSystems from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. UBS Group upped their price objective on shares of Allegro MicroSystems from $35.00 to $42.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Bank of America upped their price objective on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock an "action list buy" rating in a research note on Thursday, July 10th. Zacks Research raised shares of Allegro MicroSystems to a "hold" rating in a research note on Monday, August 11th. Finally, Barclays upped their price objective on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.56.

Allegro MicroSystems Price Performance

Shares of ALGM stock traded up $0.40 during trading hours on Thursday, reaching $30.88. 802,759 shares of the company were exchanged, compared to its average volume of 1,657,905. Allegro MicroSystems, Inc. has a fifty-two week low of $16.38 and a fifty-two week high of $38.45. The stock's fifty day moving average is $33.21 and its two-hundred day moving average is $27.33. The company has a market cap of $5.71 billion, a price-to-earnings ratio of -83.46 and a beta of 1.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.70 and a quick ratio of 2.26.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. Allegro MicroSystems had a negative net margin of 9.00% and a positive return on equity of 2.09%. The company had revenue of $203.41 million for the quarter, compared to analyst estimates of $197.82 million. During the same period in the prior year, the business earned $0.03 earnings per share. Allegro MicroSystems's quarterly revenue was up 21.9% on a year-over-year basis. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS. Sell-side analysts forecast that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current fiscal year.

Allegro MicroSystems Company 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.