Talos Eurisko Asset Management LP Makes New Investment in Allegro MicroSystems, Inc. $ALGM

Talos Eurisko Asset Management LP purchased a new position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) during the 4th quarter, HoldingsChannel reports. The firm purchased 560,200 shares of the company’s stock, valued at approximately $14,778,000. Allegro MicroSystems makes up 2.6% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in Allegro MicroSystems by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,713 shares of the company’s stock worth $430,000 after buying an additional 381 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Allegro MicroSystems by 3.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,268 shares of the company’s stock worth $376,000 after buying an additional 419 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Allegro MicroSystems by 2.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 22,499 shares of the company’s stock worth $657,000 after purchasing an additional 466 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Allegro MicroSystems by 85.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after purchasing an additional 669 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Allegro MicroSystems by 5.8% during the 4th quarter. Bank of Montreal Can now owns 14,075 shares of the company’s stock worth $371,000 after purchasing an additional 770 shares in the last quarter. 56.45% of the stock is owned by institutional investors.

Allegro MicroSystems Price Performance

Shares of NASDAQ:ALGM opened at $55.00 on Tuesday. Allegro MicroSystems, Inc. has a 1-year low of $22.41 and a 1-year high of $55.45. The firm has a market capitalization of $10.24 billion, a PE ratio of -611.04 and a beta of 1.98. The business’s 50 day moving average is $44.44 and its 200-day moving average is $36.61. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $243.19 million for the quarter, compared to analyst estimates of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.Allegro MicroSystems’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. Sell-side analysts predict that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ALGM shares. Mizuho lifted their price objective on Allegro MicroSystems from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Needham & Company LLC lifted their price objective on Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Evercore reissued an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a report on Friday, May 8th. Wall Street Zen lowered Allegro MicroSystems from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group lifted their price objective on Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $51.80.

Insiders Place Their Bets

In related news, CEO Michael Doogue sold 30,089 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $47.23, for a total value of $1,421,103.47. Following the sale, the chief executive officer owned 252,797 shares of the company’s stock, valued at $11,939,602.31. The trade was a 10.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ian Kent sold 2,642 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $41.56, for a total value of $109,801.52. Following the completion of the sale, the senior vice president directly owned 25,392 shares in the company, valued at approximately $1,055,291.52. This represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,607 shares of company stock worth $3,213,714 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

About Allegro MicroSystems

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.