S Squared Technology LLC Has $12.07 Million Stake in Allegro MicroSystems, Inc. $ALGM

S Squared Technology LLC boosted its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,451 shares of the company’s stock after purchasing an additional 60,000 shares during the quarter. Allegro MicroSystems comprises 4.7% of S Squared Technology LLC’s portfolio, making the stock its 9th largest holding. S Squared Technology LLC’s holdings in Allegro MicroSystems were worth $12,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 419 shares during the period. Kestra Advisory Services LLC bought a new stake in Allegro MicroSystems during the fourth quarter worth approximately $34,000. CIBC Private Wealth Group LLC boosted its position in shares of Allegro MicroSystems by 14,844.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock valued at $35,000 after acquiring an additional 1,336 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Allegro MicroSystems by 85.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock valued at $38,000 after acquiring an additional 669 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Allegro MicroSystems by 815.4% in the fourth quarter. Farther Finance Advisors LLC now owns 2,142 shares of the company’s stock valued at $57,000 after acquiring an additional 1,908 shares during the period. Institutional investors own 56.45% of the company’s stock.

Allegro MicroSystems Stock Down 0.0%

ALGM opened at $50.40 on Monday. Allegro MicroSystems, Inc. has a 1-year low of $22.41 and a 1-year high of $54.40. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $9.39 billion, a price-to-earnings ratio of -559.94 and a beta of 1.98. The business has a 50 day moving average of $43.99 and a 200-day moving average of $36.40.

Allegro MicroSystems (NASDAQ:ALGM) last issued its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $243.19 million during 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 revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. As a group, sell-side analysts anticipate that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALGM. Jefferies Financial Group reissued a “buy” rating and issued a $62.00 price objective on shares of Allegro MicroSystems in a research report on Thursday, May 7th. Barclays increased their price objective on Allegro MicroSystems from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen cut Allegro MicroSystems from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company increased their price objective on Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, UBS Group increased their price objective on Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allegro MicroSystems currently has an average rating of “Moderate Buy” and a consensus price target of $51.80.

Insiders Place Their Bets

In related news, Director Susan D. Lynch sold 16,711 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $45.46, for a total value of $759,682.06. Following the completion of the transaction, the director directly owned 12,805 shares in the company, valued at approximately $582,115.30. This represents a 56.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 owned 75,232 shares of the company’s stock, valued at $3,576,529.28. The trade was a 10.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,607 shares of company stock valued at $3,213,714 in the last ninety days. 0.40% of the stock is currently owned by insiders.

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.