Lightrock Netherlands B.V. Raises Stock Holdings in Allegro MicroSystems, Inc. $ALGM

Posted by Geri Gentry on Jul 17th, 2026

Lightrock Netherlands B.V. increased its stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM – Free Report) by 43.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 507,990 shares of the company’s stock after purchasing an additional 153,600 shares during the period. Allegro MicroSystems makes up approximately 1.6% of Lightrock Netherlands B.V.’s portfolio, making the stock its 15th biggest holding. Lightrock Netherlands B.V.’s holdings in Allegro MicroSystems were worth $16,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ALGM. Maryland State Retirement & Pension System bought a new stake in shares of Allegro MicroSystems during the 1st quarter worth $214,000. State of Michigan Retirement System increased its stake in Allegro MicroSystems by 2.0% in the first 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. Principal Financial Group Inc. raised its position in Allegro MicroSystems by 2.8% during the first quarter. Principal Financial Group Inc. now owns 1,790,466 shares of the company’s stock valued at $56,453,000 after purchasing an additional 48,170 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Allegro MicroSystems by 2.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 40,633 shares of the company’s stock worth $1,281,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Allegro MicroSystems by 2,377.7% during the 1st quarter. Fifth Third Bancorp now owns 29,063 shares of the company’s stock valued at $916,000 after purchasing an additional 27,890 shares during the last quarter. 56.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Michael Doogue sold 30,089 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 of the company’s stock, valued at $11,939,602.31. This trade represents a 10.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ian Kent sold 2,642 shares of Allegro MicroSystems stock in a transaction on 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 in the company, valued at approximately $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 a total of 68,607 shares of company stock valued at $3,213,714 over the last three months. Insiders own 0.50% of the company’s stock.

Allegro MicroSystems Price Performance

ALGM stock opened at $47.12 on Friday. The firm’s 50-day moving average price is $51.63 and its two-hundred day moving average price is $41.34. Allegro MicroSystems, Inc. has a 12-month low of $22.41 and a 12-month high of $71.77. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of -523.50 and a beta of 1.90. The company has a current ratio of 3.45, a quick ratio of 2.21 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $243.19 million for the quarter, compared to analysts’ expectations of $235.94 million. During the same period last year, the firm earned $0.06 earnings per share. Allegro MicroSystems’s quarterly 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, equities analysts predict that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Barclays lifted their price target on shares of Allegro MicroSystems from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. UBS Group increased their target price on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $62.00 target price on shares of Allegro MicroSystems in a research report on Thursday, May 7th. Finally, Needham & Company LLC boosted their price target on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.20.

Check Out Our Latest Stock Analysis on ALGM

About Allegro MicroSystems

(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.