Lisanti Capital Growth LLC Increases Stock Position in Allegro MicroSystems, Inc. $ALGM

Lisanti Capital Growth LLC grew its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 39.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 109,975 shares of the company’s stock after buying an additional 30,920 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Allegro MicroSystems were worth $3,760,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its position in Allegro MicroSystems by 29.2% during the second quarter. UMB Bank n.a. now owns 1,835 shares of the company’s stock worth $63,000 after buying an additional 415 shares during the period. Retirement Systems of Alabama grew its position in shares of Allegro MicroSystems by 0.3% during the second quarter. Retirement Systems of Alabama now owns 200,781 shares of the company’s stock worth $6,865,000 after acquiring an additional 668 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Allegro MicroSystems by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 19,573 shares of the company’s stock valued at $669,000 after acquiring an additional 745 shares during the period. CWM LLC raised its position in Allegro MicroSystems by 22.2% in the 1st quarter. CWM LLC now owns 4,299 shares of the company’s stock valued at $108,000 after purchasing an additional 781 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Allegro MicroSystems by 5.4% during the 1st quarter. Xponance Inc. now owns 15,668 shares of the company’s stock worth $394,000 after purchasing an additional 806 shares during the period. 56.45% of the stock is owned by institutional investors and hedge funds.

Allegro MicroSystems Price Performance

Shares of ALGM opened at $26.98 on Friday. The company has a current ratio of 3.70, a quick ratio of 2.26 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $29.58 and its two-hundred day moving average is $29.59. Allegro MicroSystems, Inc. has a twelve month low of $16.38 and a twelve month high of $38.45. The firm has a market capitalization of $4.99 billion, a PE ratio of -72.92 and a beta of 1.72.

Allegro MicroSystems (NASDAQ:ALGM) last issued its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%.The business had revenue of $214.29 million during the quarter, compared to the consensus estimate of $210.75 million. During the same period in the prior year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. Research analysts anticipate that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at Allegro MicroSystems

In other news, CAO Roald Graham Webster sold 8,266 shares of the stock in a transaction dated 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 owned 17,300 shares in the company, valued at $567,613. This trade represents a 32.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ALGM shares. Barclays lifted their price objective on shares of Allegro MicroSystems from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Needham & Company LLC boosted their price target on Allegro MicroSystems from $25.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. TD Cowen increased their price objective on Allegro MicroSystems from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Allegro MicroSystems in a report on Wednesday, October 8th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $42.00 price target (up previously from $33.00) on shares of Allegro MicroSystems in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.10.

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.