Hsbc Holdings PLC Has $575,000 Stake in Allegro MicroSystems, Inc. $ALGM

Hsbc Holdings PLC reduced its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 53.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,355 shares of the company’s stock after selling 21,456 shares during the quarter. Hsbc Holdings PLC’s holdings in Allegro MicroSystems were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. raised its stake in shares of Allegro MicroSystems by 44.0% in the 4th quarter. Invesco Ltd. now owns 7,651,051 shares of the company’s stock valued at $201,835,000 after buying an additional 2,338,624 shares in the last quarter. State Street Corp boosted its position in shares of Allegro MicroSystems by 1.5% during the 4th quarter. State Street Corp now owns 5,359,488 shares of the company’s stock valued at $141,383,000 after acquiring an additional 78,203 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Allegro MicroSystems by 77.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,803,944 shares of the company’s stock valued at $73,968,000 after acquiring an additional 1,227,317 shares in the last quarter. Alliancebernstein L.P. increased its stake in Allegro MicroSystems by 189.4% in the second quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company’s stock valued at $94,360,000 after acquiring an additional 1,806,183 shares during the period. Finally, Geode Capital Management LLC increased its stake in Allegro MicroSystems by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,393,968 shares of the company’s stock valued at $63,165,000 after acquiring an additional 24,839 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

More Allegro MicroSystems News

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Allegro exceeded expectations with earnings of $0.23 per share versus the $0.21 consensus and revenue of $259.24 million versus $251.44 million. Revenue increased 27.5% year over year, while EPS rose substantially from $0.09 a year earlier. Allegro MicroSystems Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management issued second-quarter revenue guidance of $265 million to $275 million, above the $264.5 million consensus, and EPS guidance of $0.23 to $0.26, at or above expectations. Allegro MicroSystems Reports First Quarter 2027 Results
• Positive Sentiment: Record data-center sales, stronger bookings, expanding design wins and increased semiconductor content per system point to sustained AI infrastructure demand. Electrification and automation also provide additional growth opportunities. ALGM Q1 Earnings Call Highlights AI Data Center Growth
• Positive Sentiment: Needham raised its price target from $55 to $57 and maintained a Buy rating, implying substantial potential upside from the referenced $41.50 level.
• Neutral Sentiment: Despite the operating beat, Allegro reported a negative net margin of 1.67%, and the shares remain well below their 52-week high, suggesting investors may be weighing recovery potential against profitability and valuation risks.
• Negative Sentiment: Mizuho cut its price target from $67 to $58, although it retained an Outperform rating. TD Cowen also reduced its target from $66 to $48 while maintaining Buy. These reductions may limit enthusiasm by signaling more cautious assumptions despite the favorable results.

Insiders Place Their Bets

In other Allegro MicroSystems news, SVP Richard Madormo sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $52.72, for a total transaction of $263,600.00. Following the transaction, the senior vice president directly owned 69,687 shares in the company, valued at approximately $3,673,898.64. This represents a 6.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Sharon Briansky sold 8,948 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $47.54, for a total transaction of $425,387.92. Following the completion of the transaction, the senior vice president directly owned 75,232 shares in the company, valued at $3,576,529.28. This trade represents a 10.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,607 shares of company stock valued at $3,213,714 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

ALGM has been the subject of a number of analyst reports. Barclays cut shares of Allegro MicroSystems from an “overweight” rating to an “equal weight” rating and set a $48.00 price target for the company. in a research note on Monday, July 20th. Needham & Company LLC upped their price objective on Allegro MicroSystems from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group increased their target price on Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Wells Fargo & Company raised their target price on Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, Wall Street Zen lowered Allegro MicroSystems from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.80.

Allegro MicroSystems Stock Up 0.1%

Shares of ALGM opened at $41.50 on Friday. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 691.78 and a beta of 1.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.21 and a current ratio of 3.70. The business’s fifty day moving average price is $51.82 and its two-hundred day moving average price is $42.58. Allegro MicroSystems, Inc. has a 52 week low of $22.41 and a 52 week high of $71.77.

Allegro MicroSystems (NASDAQ:ALGM) last released its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $259.24 million during the quarter, compared to analysts’ expectations of $251.44 million. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%.The business’s revenue for the quarter was up 27.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. On average, analysts predict that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

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.