Brevan Howard Capital Management Adds $5M in Allegro MicroSystems, Inc. ($ALGM)

Brevan Howard Capital Management has taken a new position in Allegro MicroSystems, Inc. (NasdaqGS: ALGM), acquiring 95,099 shares. This stake is valued at approximately $5.05 million, according to the latest Form 13F filing with the SEC. The transaction, recorded on May 15, 2026, marks a new entry into Allegro MicroSystems for Brevan Howard.

What Changed in Brevan Howard's Allegro MicroSystems Position

Brevan Howard Capital Management's acquisition of 95,099 shares in Allegro MicroSystems is a new position for the fund, as they previously held no shares. This move brings their total holdings in the semiconductor company to 95,099 shares, valued at about $5.05 million.

Other Institutional Activity in Allegro MicroSystems

Other major institutional investors have also adjusted their stakes in Allegro MicroSystems. FMR LLC increased its holdings by 3,785,460 shares, bringing its total to 27,421,206 shares valued at roughly $864.59 million. BlackRock, Inc. added 293,411 shares, ending with 12,494,868 shares worth approximately $393.96 million. Conversely, Capital Research Global Investors reduced its position by 675,734 shares, now holding 12,435,558 shares valued at $392.09 million. Invesco Ltd. and JPMorgan Chase & Co also increased their stakes by 1,100,430 and 1,304,646 shares, respectively.

Allegro MicroSystems Stock Snapshot

Shares of Allegro MicroSystems (NasdaqGS: ALGM) recently traded near $53.09. The company boasts a market cap of $10.24 billion and a forward P/E ratio of 37.35. With a beta of 1.978, the stock has seen a 52-week low of $22.41 and a high of $55.45. Its 50-day moving average is $44.84, while the 200-day moving average stands at $34.37. Allegro MicroSystems maintains a strong current ratio of 3.45 and a quick ratio of 1.94, with a debt-to-equity ratio of 31.98.

Recent Earnings

Allegro MicroSystems reported revenue of $890.1 million, reflecting a growth rate of 26.1%. Despite this, the company has a net margin of -1.67% and a return on equity of -1.55%. Its earnings per share (EPS) remains negative at -$0.08. Investors are looking forward to the next earnings release on July 30, 2026.

Insider Buying and Selling at Allegro MicroSystems, Inc.

Recent insider transactions at Allegro MicroSystems include several sales. On June 3, 2026, Richard Madormo, SVP of Worldwide Sales, sold 5,000 shares at an average price of $52.72. Earlier, on May 22, Troy Coleman, SVP and General Manager, Products, sold 4,500 shares at $45.72. Other sales include Roald Graham Webster, VP and Chief Accounting Officer, who sold 5,217 shares at $44.89 on May 21, and Ian Kent, SVP of Global Operations, who sold shares on May 18 and May 16.

Analysts Set New Price Targets

Several analysts have maintained their ratings on Allegro MicroSystems. On May 8, 2026, UBS, Barclays, Wells Fargo, Evercore ISI Group, and Mizuho all maintained a buy rating, with price targets ranging from $48 to $56. Needham also maintained a buy rating with a target of $55 on May 7, 2026. The consensus among analysts is a strong buy, with a mean price target of $54.42 based on 12 analyst opinions.

About Allegro MicroSystems

Allegro MicroSystems, Inc. designs and manufactures sensor integrated circuits (ICs) and power ICs used in a variety of applications, including automotive and industrial markets. The company offers magnetic sensor ICs and power ICs like motor driver ICs and LED driver ICs. Headquartered in Manchester, New Hampshire, Allegro serves customers worldwide, including in the Americas, Europe, and Asia. The company is led by CEO Mr. Michael C. Doogue and employs approximately 4,250 people.

Bottom Line

Brevan Howard Capital Management's new position in Allegro MicroSystems highlights the fund's interest in the semiconductor sector. Investors keep a close eye on 13F filings like this one, even though they reflect past positions rather than current ones. As Allegro MicroSystems continues to grow in the automotive and industrial markets, its performance will remain under scrutiny by both institutional and individual investors.