Osterweis Capital Management Inc. Invests $4.51 Million 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. acquired a new stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 179,290 shares of the company's stock, valued at approximately $4,506,000. Osterweis Capital Management Inc. owned 0.10% of Allegro MicroSystems as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in shares of Allegro MicroSystems by 63.7% during the 1st quarter. Fifth Third Bancorp now owns 1,295 shares of the company's stock valued at $33,000 after purchasing an additional 504 shares during the period. UMB Bank n.a. grew its stake in shares of Allegro MicroSystems by 68.6% in the 1st quarter. UMB Bank n.a. now owns 1,420 shares of the company's stock worth $36,000 after buying an additional 578 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in shares of Allegro MicroSystems in the 4th quarter worth $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Allegro MicroSystems in the 1st quarter worth $71,000. Finally, Quarry LP purchased a new position in shares of Allegro MicroSystems in the 4th quarter worth $79,000. 56.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Allegro MicroSystems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley reduced their price target on shares of Allegro MicroSystems from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Wells Fargo & Company restated an "overweight" rating and issued a $42.00 price target (up previously from $33.00) on shares of Allegro MicroSystems in a report on Wednesday, July 16th. Finally, Mizuho lifted their price objective on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.56.

Allegro MicroSystems Stock Performance

Shares of ALGM traded up $1.25 during trading hours on Friday, hitting $32.13. The stock had a trading volume of 1,365,817 shares, compared to its average volume of 1,523,681. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.26 and a current ratio of 3.70. The firm has a 50-day moving average price of $33.28 and a 200 day moving average price of $27.39. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of -86.84 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $203.41 million during the quarter, compared to analysts' expectations of $197.82 million. Allegro MicroSystems had a negative net margin of 9.00% and a positive return on equity of 2.09%. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS. As a group, research analysts anticipate that Allegro MicroSystems, Inc. will post 0.01 EPS for the current year.

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.