Fox Run Management L.L.C. Lowers Stake in Allegro MicroSystems, Inc. $ALGM

Fox Run Management L.L.C. cut its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 31.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,747 shares of the company’s stock after selling 14,843 shares during the quarter. Fox Run Management L.L.C.’s holdings in Allegro MicroSystems were worth $864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of Allegro MicroSystems by 86.9% during the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock worth $26,000 after buying an additional 419 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Allegro MicroSystems by 815.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,142 shares of the company’s stock worth $57,000 after buying an additional 1,908 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Allegro MicroSystems by 343.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 2,301 shares of the company’s stock worth $61,000 after buying an additional 1,782 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Allegro MicroSystems by 12,315.0% during the third quarter. NewEdge Advisors LLC now owns 2,483 shares of the company’s stock worth $73,000 after buying an additional 2,463 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in shares of Allegro MicroSystems in the third quarter worth approximately $161,000. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Allegro MicroSystems news, Director Susan D. Lynch sold 16,711 shares of Allegro MicroSystems stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $45.46, for a total transaction of $759,682.06. Following the transaction, the director directly owned 12,805 shares of the company’s stock, valued at $582,115.30. The trade was a 56.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Roald Graham Webster sold 5,217 shares of Allegro MicroSystems stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $44.88, for a total transaction of $234,138.96. Following the transaction, the chief accounting officer directly owned 13,106 shares in the company, valued at approximately $588,197.28. This trade represents a 28.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 68,607 shares of company stock valued at $3,213,714 over the last quarter. 0.40% of the stock is owned by insiders.

Allegro MicroSystems Trading Down 4.5%

Shares of ALGM stock opened at $44.54 on Thursday. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of -494.83 and a beta of 1.98. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.30. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $54.40. The firm’s 50 day moving average price is $43.32 and its two-hundred day moving average price is $36.06.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALGM shares. Barclays boosted their target price on shares of Allegro MicroSystems from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and issued a $62.00 target price on shares of Allegro MicroSystems in a report on Thursday, May 7th. Evercore restated an “outperform” rating and issued a $53.00 target price on shares of Allegro MicroSystems in a report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Finally, Morgan Stanley upgraded shares of Allegro MicroSystems from an “equal weight” rating to an “overweight” rating and set a $51.00 target price for the company in a report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $51.80.

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.