Deutsche Bank AG Takes $6.18 Million Position in Allegro MicroSystems, Inc. $ALGM

Deutsche Bank AG purchased a new position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,759 shares of the company’s stock, valued at approximately $6,179,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Allegro MicroSystems by 42.8% during the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after acquiring an additional 302 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Allegro MicroSystems by 3.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,268 shares of the company’s stock valued at $376,000 after acquiring an additional 419 shares in the last quarter. State of Michigan Retirement System increased its holdings in Allegro MicroSystems by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 29,900 shares of the company’s stock valued at $943,000 after acquiring an additional 600 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Allegro MicroSystems by 85.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after purchasing an additional 669 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Allegro MicroSystems by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,437 shares of the company’s stock worth $802,000 after purchasing an additional 700 shares in the last quarter. 56.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALGM has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $62.00 price target on shares of Allegro MicroSystems in a report on Thursday, May 7th. Wells Fargo & Company upped their price objective on Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Mizuho lowered their target price on Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. TD Cowen cut their target price on shares of Allegro MicroSystems from $66.00 to $48.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research report on Sunday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Allegro MicroSystems currently has an average rating of “Moderate Buy” and an average price target of $53.45.

Insiders Place Their Bets

In related news, SVP Erin Hagen sold 2,285 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $44.39, for a total transaction of $101,431.15. Following the transaction, the senior vice president directly owned 31,052 shares of the company’s stock, valued at $1,378,398.28. This represents a 6.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Richard Madormo sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $52.72, for a total transaction of $263,600.00. Following the completion of the transaction, the senior vice president directly owned 69,687 shares of the company’s stock, valued at $3,673,898.64. The trade was a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.50% of the company’s stock.

Allegro MicroSystems Trading Down 4.1%

Shares of NASDAQ ALGM opened at $35.63 on Tuesday. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $71.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.33 and a current ratio of 3.70. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 593.93, a PEG ratio of 1.17 and a beta of 1.94. The business’s 50 day moving average price is $49.27 and its 200-day moving average price is $43.47.

Allegro MicroSystems (NASDAQ:ALGM) last issued its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $259.24 million for the quarter, compared to the consensus estimate of $251.44 million. Allegro MicroSystems had a net margin of 1.50% and a return on equity of 8.30%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. On average, sell-side analysts expect that Allegro MicroSystems, Inc. will post 0.65 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.