Voya Investment Management LLC Has $27.51 Million Holdings in Allegro MicroSystems, Inc. $ALGM

Voya Investment Management LLC raised its holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 942,076 shares of the company’s stock after acquiring an additional 225,633 shares during the period. Voya Investment Management LLC’s holdings in Allegro MicroSystems were worth $27,509,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Allegro MicroSystems by 29.2% in the 2nd quarter. UMB Bank n.a. now owns 1,835 shares of the company’s stock valued at $63,000 after purchasing an additional 415 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Allegro MicroSystems by 158.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,210 shares of the company’s stock valued at $76,000 after purchasing an additional 1,356 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Allegro MicroSystems by 82.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,038 shares of the company’s stock valued at $104,000 after purchasing an additional 1,377 shares during the last quarter. Quarry LP grew its stake in shares of Allegro MicroSystems by 85.8% during the first quarter. Quarry LP now owns 6,689 shares of the company’s stock worth $168,000 after buying an additional 3,088 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Allegro MicroSystems during the second quarter worth $171,000. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALGM. TD Cowen raised their price objective on Allegro MicroSystems from $32.00 to $35.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Allegro MicroSystems in a research note on Friday, October 31st. Evercore ISI upped their price objective on Allegro MicroSystems from $37.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Mizuho set a $38.00 target price on shares of Allegro MicroSystems in a report on Tuesday, December 16th. Finally, UBS Group upped their price target on shares of Allegro MicroSystems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

Allegro MicroSystems Trading Up 1.1%

ALGM opened at $26.70 on Monday. The stock has a market cap of $4.94 billion, a PE ratio of -166.88 and a beta of 1.62. The company has a quick ratio of 2.48, a current ratio of 3.89 and a debt-to-equity ratio of 0.30. Allegro MicroSystems, Inc. has a twelve month low of $16.38 and a twelve month high of $38.45. The company has a fifty day moving average of $27.53 and a 200-day moving average of $30.25.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The business had revenue of $214.29 million for the quarter, compared to analysts’ expectations of $210.75 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. On average, sell-side analysts predict that Allegro MicroSystems, Inc. will post 0.01 EPS for the current year.

Allegro MicroSystems Company Profile

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.