Lisanti Capital Growth LLC Takes $7.51 Million Position in Allegro MicroSystems, Inc. $ALGM

Key Points

• Lisanti Capital Growth acquired 107,865 Allegro MicroSystems shares worth approximately $7.51 million, making ALGM 1.7% of its portfolio. Institutional investors collectively own 56.45% of the company.
• Allegro reported quarterly EPS of $0.23, beating estimates of $0.21, while revenue rose 27.5% year over year to $259.24 million. The company guided for fiscal Q2 2027 EPS of $0.23–$0.26.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $53.45 versus the reported share price of $38.35; however, shares were down 2.6% and insiders recently sold stock.

Lisanti Capital Growth LLC acquired a new stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 107,865 shares of the company's stock, valued at approximately $7,510,000. Allegro MicroSystems accounts for 1.7% of Lisanti Capital Growth LLC's holdings, making the stock its 7th biggest holding. Lisanti Capital Growth LLC owned approximately 0.06% of Allegro MicroSystems at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Allegro MicroSystems in the 2nd quarter valued at about $966,975,000. Bank of America Corp DE lifted its position in shares of Allegro MicroSystems by 136.6% during the third quarter. Bank of America Corp DE now owns 952,679 shares of the company's stock worth $27,818,000 after purchasing an additional 3,556,410 shares in the last quarter. Invesco Ltd. lifted its position in shares of Allegro MicroSystems by 44.0% during the fourth quarter. Invesco Ltd. now owns 7,651,051 shares of the company's stock worth $201,835,000 after purchasing an additional 2,338,624 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Allegro MicroSystems by 189.4% in the second quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company's stock valued at $94,360,000 after purchasing an additional 1,806,183 shares during the period. Finally, Norges Bank purchased a new position in shares of Allegro MicroSystems in the fourth quarter valued at approximately $38,457,000. Institutional investors and hedge funds own 56.45% of the company's stock.

Allegro MicroSystems Stock Down 2.6%

Shares of Allegro MicroSystems stock opened at $38.35 on Thursday. The company has a quick ratio of 2.33, a current ratio of 3.70 and a debt-to-equity ratio of 0.30. Allegro MicroSystems, Inc. has a 52-week low of $22.41 and a 52-week high of $71.77. The company has a market capitalization of $7.15 billion, a P/E ratio of 639.27, a P/E/G ratio of 1.24 and a beta of 1.94. The company has a 50 day moving average of $50.13 and a 200 day moving average of $43.49.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. Allegro MicroSystems had a net margin of 1.50% and a return on equity of 8.30%. The company had revenue of $259.24 million for the quarter, compared to the consensus estimate of $251.44 million. During the same period in the prior year, the firm posted $0.09 EPS. The company'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. As a group, research analysts forecast that Allegro MicroSystems, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Allegro MicroSystems

In related news, SVP Erin Hagen sold 2,285 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $44.39, for a total value of $101,431.15. Following the transaction, the senior vice president owned 31,052 shares of the company's stock, valued at $1,378,398.28. This represents a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Richard Madormo sold 5,000 shares of the firm's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $52.72, for a total value of $263,600.00. Following the completion of the sale, the senior vice president owned 69,687 shares in the company, valued at approximately $3,673,898.64. This represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Needham & Company LLC upped their target price on shares of Allegro MicroSystems from $55.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Evercore restated an "outperform" rating and issued a $53.00 price target on shares of Allegro MicroSystems in a research note on Friday, May 8th. UBS Group upped their price objective on Allegro MicroSystems from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Weiss Ratings upgraded Allegro MicroSystems from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company lifted their target price on Allegro MicroSystems from $48.00 to $56.00 and gave the company an "overweight" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.45.

Allegro MicroSystems Company 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.

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