Hsbc Holdings PLC Sells 47,040 Shares of Allegro MicroSystems, Inc. $ALGM

Posted by Brenda Bartman on Jul 14th, 2026

Hsbc Holdings PLC cut its holdings in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM – Free Report) by 54.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,811 shares of the company’s stock after selling 47,040 shares during the period. Hsbc Holdings PLC’s holdings in Allegro MicroSystems were worth $1,053,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lecap Asset Management Ltd. bought a new stake in Allegro MicroSystems in the fourth quarter valued at $783,000. Norges Bank bought a new position in Allegro MicroSystems in the 4th quarter worth $38,457,000. Lightrock Netherlands B.V. bought a new position in Allegro MicroSystems in the 4th quarter worth $9,349,000. Hel Ved Capital Management Ltd bought a new position in Allegro MicroSystems in the 4th quarter worth $1,658,000. Finally, Altfest L J & Co. Inc. purchased a new stake in shares of Allegro MicroSystems in the 4th quarter worth about $430,000. 56.45% of the stock is owned by hedge funds and other institutional investors.

Allegro MicroSystems Stock Down 7.3%

Shares of Allegro MicroSystems stock opened at $50.85 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21. The company has a 50-day moving average of $51.62 and a 200 day moving average of $40.86. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of -564.94 and a beta of 1.90. Allegro MicroSystems, Inc. has a 1 year low of $22.41 and a 1 year high of $71.77.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Allegro MicroSystems had a negative net margin of 1.67% and a positive return on equity of 6.09%. The company had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period last year, the company posted $0.06 EPS. Allegro MicroSystems’s revenue was up 26.1% on a year-over-year basis. 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 fiscal year.

Insider Buying and Selling at Allegro MicroSystems

In other news, CEO Michael Doogue sold 30,089 shares of Allegro MicroSystems stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 252,797 shares in the company, valued at approximately $11,939,602.31. This trade represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sharon Briansky sold 8,948 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $47.54, for a total value of $425,387.92. Following the completion of the sale, 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 SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 68,607 shares of company stock valued at $3,213,714. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALGM shares. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. TD Cowen lowered their price objective on shares of Allegro MicroSystems from $70.00 to $66.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company lifted 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. UBS Group upped their target price on Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Barclays increased their target price on Allegro MicroSystems from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Ten 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 has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

Get Our Latest Stock Report on ALGM

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.