VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Allegro MicroSystems, Inc. $ALGM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,069 shares of the company’s stock, valued at approximately $481,000.

Several other institutional investors also recently modified their holdings of ALGM. GAMMA Investing LLC grew its stake in shares of Allegro MicroSystems by 144.3% in the first quarter. GAMMA Investing LLC now owns 4,155 shares of the company’s stock worth $104,000 after purchasing an additional 2,454 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Allegro MicroSystems by 18.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,883 shares of the company’s stock worth $668,000 after purchasing an additional 4,185 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Allegro MicroSystems by 1,647.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 394,572 shares of the company’s stock worth $10,330,000 after purchasing an additional 371,987 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Allegro MicroSystems in the first quarter worth $1,987,000. Finally, New York State Teachers Retirement System grew its stake in shares of Allegro MicroSystems by 47.6% in the first quarter. New York State Teachers Retirement System now owns 33,800 shares of the company’s stock worth $849,000 after purchasing an additional 10,900 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.

Allegro MicroSystems Trading Down 0.3%

NASDAQ:ALGM opened at $30.91 on Friday. 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 market cap of $5.72 billion, a price-to-earnings ratio of -83.54 and a beta of 1.72. Allegro MicroSystems, Inc. has a 52 week low of $16.38 and a 52 week high of $38.45. The firm has a 50-day moving average price of $30.03 and a two-hundred day moving average price of $28.90.

Allegro MicroSystems (NASDAQ:ALGM) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Allegro MicroSystems had a negative net margin of 9.00% and a positive return on equity of 2.09%. The firm had revenue of $203.41 million during the quarter, compared to analyst estimates of $197.82 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS. On average, equities analysts expect that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Roald Graham Webster sold 8,266 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $32.81, for a total value 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 approximately $567,613. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research raised shares of Allegro MicroSystems to a “hold” rating in a research report on Monday, August 11th. Mizuho upped their price target 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. UBS Group cut their price target on shares of Allegro MicroSystems to $42.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Morgan Stanley cut their price target on shares of Allegro MicroSystems from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Needham & Company LLC upped their price target on shares of Allegro MicroSystems from $25.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.78.

Allegro MicroSystems Company 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.