Renaissance Technologies LLC Reduces Position in Allegro MicroSystems, Inc. $ALGM

Posted by Stanley Muller on Aug 8th, 2026

Renaissance Technologies LLC trimmed its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM – Free Report) by 71.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 123,900 shares of the company’s stock after selling 312,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Allegro MicroSystems were worth $3,907,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other Allegro MicroSystems news, Director Susan D. Lynch sold 16,711 shares of Allegro MicroSystems stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the completion of the sale, the director owned 12,805 shares of the company’s stock, valued at approximately $582,115.30. The trade was a 56.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Roald Graham Webster sold 5,217 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $44.88, for a total value of $234,138.96. Following the sale, the chief accounting officer owned 13,106 shares in the company, valued at approximately $588,197.28. The trade was a 28.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,607 shares of company stock worth $3,213,714 over the last three months. Corporate insiders own 0.50% of the company’s stock.

Allegro MicroSystems Stock Up 3.1%

NASDAQ:ALGM opened at $43.77 on Friday. The company has a market cap of $8.16 billion, a PE ratio of 729.62, a P/E/G ratio of 1.34 and a beta of 1.94. Allegro MicroSystems, Inc. has a twelve month low of $22.41 and a twelve month high of $71.77. The company has a current ratio of 3.70, a quick ratio of 2.33 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $51.17 and its two-hundred day moving average is $42.95.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Allegro MicroSystems had a net margin of 1.50% and a return on equity of 8.30%. The business had revenue of $259.24 million during the quarter, compared to analysts’ expectations of $251.44 million. During the same quarter last year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 27.5% on a year-over-year basis. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Analysts anticipate that Allegro MicroSystems, Inc. will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. TD Cowen cut their price target on shares of Allegro MicroSystems from $66.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Evercore reiterated an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a report on Friday, May 8th. Barclays cut Allegro MicroSystems from an “overweight” rating to an “equal weight” rating and set a $48.00 price objective for the company. in a research report on Monday, July 20th. Wells Fargo & Company boosted their target price on Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised Allegro MicroSystems from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday. Nine 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.80.

Read Our Latest Analysis on Allegro MicroSystems

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.