Osterweis Capital Management Inc. Makes New $4.51 Million Investment in Allegro MicroSystems, Inc. $ALGM

Key Points

• Osterweis Capital Management Inc. acquired a new stake in Allegro MicroSystems, buying 179,290 shares valued at approximately $4.5 million, representing 0.10% of the company.
• Several institutional investors increased their stakes in Allegro MicroSystems during the fourth quarter, highlighting substantial investment interest in the company.
• Allegro MicroSystems reported a 21.9% year-over-year revenue growth in its latest earnings report, with revenue reaching $203.41 million for the quarter.

Osterweis Capital Management Inc. bought a new stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 179,290 shares of the company's stock, valued at approximately $4,506,000. Osterweis Capital Management Inc. owned about 0.10% of Allegro MicroSystems at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Allegro MicroSystems by 1.4% during the 1st quarter. Northern Trust Corp now owns 1,089,779 shares of the company's stock valued at $27,386,000 after acquiring an additional 15,346 shares during the last quarter. Summit Securities Group LLC lifted its position in shares of Allegro MicroSystems by 257.8% during the 1st quarter. Summit Securities Group LLC now owns 4,000 shares of the company's stock valued at $101,000 after acquiring an additional 2,882 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Allegro MicroSystems by 43.4% during the 1st quarter. Raymond James Financial Inc. now owns 993,340 shares of the company's stock valued at $24,963,000 after acquiring an additional 300,505 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Allegro MicroSystems during the 1st quarter valued at $202,000. Finally, Ethic Inc. acquired a new stake in shares of Allegro MicroSystems during the 1st quarter valued at $510,000. Institutional investors own 56.45% of the company's stock.

Allegro MicroSystems Stock Down 0.9%

Shares of ALGM traded down $0.2750 during mid-day trading on Monday, reaching $31.8550. The company's stock had a trading volume of 216,193 shares, compared to its average volume of 2,759,959. Allegro MicroSystems, Inc. has a 1 year low of $16.38 and a 1 year high of $38.45. The company has a quick ratio of 2.26, a current ratio of 3.70 and a debt-to-equity ratio of 0.34. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -86.22 and a beta of 1.74. The business has a fifty day moving average of $33.28 and a 200 day moving average of $27.42.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share 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 business had revenue of $203.41 million for the quarter, compared to the consensus estimate of $197.82 million. During the same period in the prior year, the business posted $0.03 earnings per share. Allegro MicroSystems's revenue for the quarter was up 21.9% compared to the same quarter last year. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS. As a group, analysts forecast that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays increased their price objective on Allegro MicroSystems from $23.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Bank of America increased their price objective on Allegro MicroSystems from $38.00 to $45.00 and gave the company an "action list buy" rating in a research report on Thursday, July 10th. Mizuho increased their target price on Allegro MicroSystems from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, August 1st. TD Cowen reduced their target price on Allegro MicroSystems from $42.00 to $37.00 and set a "buy" rating for the company in a report on Friday, August 1st. Finally, UBS Group increased their target price on Allegro MicroSystems from $35.00 to $42.00 and gave the company a "buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.56.

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.