Intech Investment Management LLC Acquires Shares of 36,173 Allegro MicroSystems, Inc. $ALGM

Posted by Stanley Muller on Jun 8th, 2026

Intech Investment Management LLC bought a new stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 36,173 shares of the company’s stock, valued at approximately $954,000.

A number of other hedge funds also recently bought and sold shares of ALGM. Royal Bank of Canada increased its holdings in shares of Allegro MicroSystems by 70.0% in the first quarter. Royal Bank of Canada now owns 117,923 shares of the company’s stock valued at $2,964,000 after purchasing an additional 48,554 shares during the last quarter. AQR Capital Management LLC acquired a new position in Allegro MicroSystems in the 1st quarter valued at about $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Allegro MicroSystems by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company’s stock valued at $8,911,000 after purchasing an additional 85,607 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Allegro MicroSystems by 24.0% in the 2nd quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock valued at $536,000 after purchasing an additional 3,040 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Allegro MicroSystems by 5.4% in the 2nd quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock valued at $19,710,000 after purchasing an additional 29,531 shares during the last quarter. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, May 7th. 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. Wells Fargo & Company boosted their target price 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. Mizuho boosted their target price on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allegro MicroSystems presently has an average rating of “Moderate Buy” and a consensus price target of $51.80.

View Our Latest Analysis on Allegro MicroSystems

Insider Activity

In other news, 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 value of $1,421,103.47. Following the completion of the sale, the chief executive officer owned 252,797 shares in the company, valued at approximately $11,939,602.31. This trade represents a 10.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ian Kent sold 2,642 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $41.56, for a total transaction of $109,801.52. Following the completion of the sale, the senior vice president owned 25,392 shares of the company’s stock, valued at $1,055,291.52. This trade represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,607 shares of company stock worth $3,213,714 over the last 90 days. 0.40% of the stock is owned by corporate insiders.

Allegro MicroSystems Price Performance

Shares of ALGM opened at $46.39 on Monday. The company has a market cap of $8.64 billion, a P/E ratio of -515.39 and a beta of 1.98. The firm’s 50 day moving average price is $42.32 and its 200 day moving average price is $35.56. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $54.40. 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 (NASDAQ:ALGM – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The firm had revenue of $243.19 million for the quarter, compared to analyst estimates of $235.94 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Allegro MicroSystems’s revenue for the quarter was up 26.1% compared to the same quarter last year. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, research analysts forecast that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current fiscal year.

Allegro MicroSystems Company Profile

(Free Report)

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.