Charles Schwab Investment Management Inc. Increases Holdings in Allegro MicroSystems, Inc. $ALGM

Charles Schwab Investment Management Inc. increased its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,166,915 shares of the company’s stock after purchasing an additional 31,568 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of Allegro MicroSystems worth $29,325,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Allegro MicroSystems by 30.5% in the fourth quarter. Wellington Management Group LLP now owns 3,993,682 shares of the company’s stock valued at $87,302,000 after acquiring an additional 934,048 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Allegro MicroSystems by 50.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,733,560 shares of the company’s stock valued at $59,756,000 after purchasing an additional 911,993 shares in the last quarter. Principal Financial Group Inc. raised its stake in Allegro MicroSystems by 6.4% during the first quarter. Principal Financial Group Inc. now owns 2,416,102 shares of the company’s stock worth $60,717,000 after acquiring an additional 144,824 shares during the period. Paloma Partners Management Co raised its stake in Allegro MicroSystems by 312.8% during the fourth quarter. Paloma Partners Management Co now owns 2,103,800 shares of the company’s stock worth $45,989,000 after acquiring an additional 1,594,170 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Allegro MicroSystems by 31.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,065,879 shares of the company’s stock valued at $45,161,000 after purchasing an additional 491,173 shares during the period. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Allegro MicroSystems Price Performance

Shares of ALGM opened at $30.64 on Wednesday. Allegro MicroSystems, Inc. has a fifty-two week low of $16.38 and a fifty-two week high of $38.45. The firm has a market capitalization of $5.67 billion, a PE ratio of -82.81 and a beta of 1.74. The company’s 50-day moving average is $33.18 and its 200-day moving average is $27.25. 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) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, meeting 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 the consensus estimate of $197.82 million. During the same period last year, the company posted $0.03 EPS. The firm’s quarterly revenue 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. Equities analysts forecast that Allegro MicroSystems, Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

ALGM has been the subject of several recent analyst reports. Mizuho increased their price objective on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, August 1st. TD Cowen cut their target price on shares of Allegro MicroSystems from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Barclays raised their target price on shares of Allegro MicroSystems from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Bank of America raised their price target on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock an “action list buy” rating in a research report on Thursday, July 10th. Finally, Zacks Research upgraded shares of Allegro MicroSystems to a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.