Groupe la Francaise Makes New Investment in Allegro MicroSystems, Inc. $ALGM

Key Points

• Groupe la Francaise has acquired a new position in Allegro MicroSystems, purchasing 37,137 shares valued at approximately $878,000 during the first quarter.
• Allegro MicroSystems reported a quarterly revenue of $203.41 million, exceeding estimates, and posted $0.09 EPS, which matched analysts' expectations.
• Analysts have varying ratings for Allegro MicroSystems, with Wells Fargo issuing an "overweight" rating and a target price increase to $42.00, while Morgan Stanley set their price objective lower at $35.00.

Groupe la Francaise bought a new position in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 37,137 shares of the company's stock, valued at approximately $878,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new stake in shares of Allegro MicroSystems in the fourth quarter valued at about $35,433,000. SG Americas Securities LLC acquired a new stake in Allegro MicroSystems in the 1st quarter valued at approximately $805,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Allegro MicroSystems by 18.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,883 shares of the company's stock valued at $668,000 after acquiring an additional 4,185 shares in the last quarter. Fifth Third Bancorp boosted its position in Allegro MicroSystems by 63.7% during the 1st quarter. Fifth Third Bancorp now owns 1,295 shares of the company's stock worth $33,000 after acquiring an additional 504 shares during the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in Allegro MicroSystems during the 4th quarter worth approximately $1,994,000. Institutional investors own 56.45% of the company's stock.

Allegro MicroSystems Stock Performance

NASDAQ ALGM traded down $1.17 during trading on Friday, reaching $30.85. 629,048 shares of the company's stock were exchanged, compared to its average volume of 2,735,481. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.70 and a quick ratio of 2.26. The business has a 50 day moving average price of $33.34 and a 200-day moving average price of $27.59. The stock has a market capitalization of $5.71 billion, a P/E ratio of -83.40 and a beta of 1.74. Allegro MicroSystems, Inc. has a fifty-two week low of $16.38 and a fifty-two week high of $38.45.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $203.41 million during the quarter, compared to the consensus estimate of $197.82 million. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%.The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALGM. TD Cowen lowered their price objective on shares of Allegro MicroSystems from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Mizuho raised their target price on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Bank of America lifted their price target on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the company an "action list buy" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Allegro MicroSystems from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Barclays lifted their target price on Allegro MicroSystems from $23.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.56.

Insider Buying and Selling

In other Allegro MicroSystems news, CAO Roald Graham Webster sold 8,266 shares of Allegro MicroSystems stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $32.81, for a total transaction of $271,207.46. Following the completion of the transaction, the chief accounting officer directly owned 17,300 shares of the company's stock, valued at $567,613. The trade was a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

About Allegro MicroSystems

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.