Lisanti Capital Growth LLC Has $816,000 Holdings in Allegro MicroSystems, Inc. $ALGM

Lisanti Capital Growth LLC lowered its holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 74.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,940 shares of the company’s stock after selling 82,035 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Allegro MicroSystems were worth $816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in Allegro MicroSystems by 1.8% during the third quarter. Arizona State Retirement System now owns 38,293 shares of the company’s stock worth $1,118,000 after buying an additional 685 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Allegro MicroSystems during the third quarter valued at about $590,000. Teacher Retirement System of Texas grew its position in shares of Allegro MicroSystems by 23.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 24,106 shares of the company’s stock valued at $704,000 after acquiring an additional 4,533 shares during the period. Quent Capital LLC bought a new position in Allegro MicroSystems during the third quarter valued at $28,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Allegro MicroSystems by 78.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,945 shares of the company’s stock worth $115,000 after acquiring an additional 1,735 shares during the period. 56.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ALGM has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Allegro MicroSystems from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on Allegro MicroSystems from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday. Bank of America increased their target price on Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Finally, Barclays lifted their price objective on Allegro MicroSystems from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday. Nine investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $36.91 on Friday. The firm has a market capitalization of $6.83 billion, a PE ratio of -461.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.65 and a quick ratio of 2.48. The company has a 50-day simple moving average of $29.28 and a two-hundred day simple moving average of $29.83. Allegro MicroSystems, Inc. has a one year low of $16.38 and a one year high of $39.89.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $229.21 million for the quarter, compared to analysts’ expectations of $220.78 million. Allegro MicroSystems had a positive return on equity of 4.35% and a negative net margin of 1.57%.The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, analysts anticipate that Allegro MicroSystems, Inc. will post 0.01 EPS for the current fiscal year.

Allegro MicroSystems News Roundup

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

• Positive Sentiment: Q3 results beat expectations — Allegro reported $0.15 EPS (vs. $0.14 consensus) and $229.2M revenue (vs. ~$220.8M), with revenue up ~29% YoY; management provided revenue and EPS guidance that supported a bullish near‑term outlook. GlobeNewswire: Q3 Results
• Positive Sentiment: Multiple analyst price‑target raises — TD Cowen, Wells Fargo, Morgan Stanley and Jefferies raised targets (examples: TD Cowen and Wells Fargo to $45; Jefferies to $43), signaling institutional support and providing fresh upside narratives for traders. Benzinga: Analyst Coverage The Fly: TD Cowen Raise
• Positive Sentiment: Shares briefly rallied to multi‑year highs on the swing to profitability and the stronger sales outlook, reflecting momentum buying after the print. MSN: Stock Jumps
• Neutral Sentiment: Company guidance is roughly in line with consensus (Q4 EPS guide $0.140–$0.18; revenue $230–240M), so while supportive, it wasn’t an unambiguous upside surprise that would guarantee further multiple expansion. MSN: Guidance Details
• Neutral Sentiment: Investors can review the company presentation and full earnings call transcript for detail on product mix and end‑market exposure (automotive still dominant; data center exposure cited as a growth catalyst). Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Valuation and earnings‑quality concerns — a Seeking Alpha piece warns Allegro is “pricing in green shoots” with a demanding multiple (~8x sales) and that adjusted EPS is inflated by significant stock‑based compensation, suggesting true cash earnings are lower. That note likely prompted some profit‑taking. Seeking Alpha: Valuation Caution

Allegro MicroSystems Company Profile

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.