Allegro MicroSystems, Inc. $ALGM Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 16.3% during the 1st quarter, HoldingsChannel reports. The fund owned 1,044,984 shares of the company’s stock after selling 203,326 shares during the period. Segall Bryant & Hamill LLC’s holdings in Allegro MicroSystems were worth $32,948,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lecap Asset Management Ltd. purchased a new stake in shares of Allegro MicroSystems during the 4th quarter valued at $783,000. Norges Bank purchased a new position in shares of Allegro MicroSystems in the 4th quarter worth $38,457,000. Lightrock Netherlands B.V. purchased a new position in shares of Allegro MicroSystems in the 4th quarter worth $9,349,000. S Squared Technology LLC boosted its holdings in Allegro MicroSystems by 15.1% in the fourth quarter. S Squared Technology LLC now owns 457,451 shares of the company’s stock valued at $12,068,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Altfest L J & Co. Inc. acquired a new position in Allegro MicroSystems in the fourth quarter valued at $430,000. 56.45% of the stock is owned by institutional investors and hedge funds.

Key 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.

Allegro MicroSystems Stock Performance

Allegro MicroSystems stock opened at $41.50 on Friday. The stock’s 50 day moving average price is $51.82 and its 200 day moving average price is $42.58. The firm has a market capitalization of $7.73 billion, a PE 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. Allegro MicroSystems, Inc. has a one year low of $22.41 and a one year high of $71.77.

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a research note on Wednesday, May 6th. Wall Street Zen lowered Allegro MicroSystems from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Mizuho decreased their target price on Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating for the company in a report on Friday. Needham & Company LLC increased their target price on shares of Allegro MicroSystems from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.80.

Insider Buying and Selling at Allegro MicroSystems

In other news, SVP Sharon Briansky sold 8,948 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $47.54, for a total value of $425,387.92. Following the completion of the transaction, the senior vice president directly owned 75,232 shares in the company, valued at approximately $3,576,529.28. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Doogue sold 30,089 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the sale, the chief executive officer directly owned 252,797 shares of the company’s stock, valued at approximately $11,939,602.31. The trade was a 10.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 68,607 shares of company stock valued at $3,213,714. 0.50% of the stock is owned by company insiders.

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.