Nomura Asset Management International 13F: Adds $3M to ALGM Stake

Nomura Asset Management International has increased its stake in Allegro MicroSystems, Inc. (NasdaqGS: ALGM) by 44,429 shares. As of its latest Form 13F filing with the SEC, the fund now holds 2,080,641 shares, marking a 2.18% increase from the previous quarter. The total value of this position is approximately $110.46 million.

What Changed in Nomura Asset Management's Allegro MicroSystems Position

Nomura Asset Management's recent move saw its Allegro MicroSystems holdings grow from 2,036,212 shares to 2,080,641 shares, an addition of 44,429 shares. This change represents a 2.18% increase in its position, indicating a continued interest in the semiconductor company.

Other Institutional Activity in Allegro MicroSystems

Several other major institutional investors have also adjusted their positions in Allegro MicroSystems. FMR LLC increased its holdings by 3,785,460 shares, reaching a total of 27,421,206 shares valued at approximately $864.59 million. BlackRock, Inc. added 293,411 shares, bringing its total to 12,494,868 shares worth about $393.96 million. In contrast, Capital Research Global Investors reduced its stake by 675,734 shares, now holding 12,435,558 shares valued at $392.09 million. Invesco Ltd. and JPMorgan Chase & Co also increased their holdings, adding 1,100,430 and 1,304,646 shares, respectively.

Allegro MicroSystems, Inc. Stock Up 111.8%

Shares of Allegro MicroSystems (NasdaqGS: ALGM) recently traded at $53.09. The company, with a market capitalization of $10.24 billion, has a forward P/E ratio of 37.35, reflecting investor expectations for future earnings. The stock's 52-week range spans from a low of $22.41 to a high of $55.45. It has a 50-day moving average of $44.84 and a 200-day moving average of $34.37, indicating a strong upward trend.

Recent Earnings

Allegro MicroSystems reported revenue of $890.1 million, growing by 26.1% compared to the previous period. Despite this revenue growth, the company has a negative net margin of -1.67% and a return on equity of -1.55%, reflecting ongoing challenges in achieving profitability. The next earnings report is scheduled for July 30, 2026.

Insider Buying and Selling at Allegro MicroSystems, Inc.

Recent insider transactions at Allegro MicroSystems include several sales by senior executives. 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, 2026, Troy Coleman, SVP and General Manager of Products, sold 4,500 shares at $45.72. Roald Graham Webster, VP and Chief Accounting Officer, sold 5,217 shares on May 21, 2026, at $44.89.

Analysts Set New Price Targets

On May 8, 2026, several analysts maintained their buy ratings on Allegro MicroSystems. UBS set a price target of $55, Barclays at $48, Wells Fargo at $56, and Mizuho at $54. Overall, the consensus among analysts is a strong buy, with an average 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 for complex electromechanical and power conversion systems. Its products are used in automotive and industrial markets, including advanced sectors like AI data centers and robotics. Headquartered in Manchester, New Hampshire, the company employs approximately 4,250 people under the leadership of CEO Michael C. Doogue.

Bottom Line

Nomura Asset Management's increased stake in Allegro MicroSystems highlights ongoing interest in the semiconductor sector. While the company's recent earnings reflect growth, profitability remains a challenge. The 13F filing provides a backward-looking view of holdings as of the reporting period and may not reflect current positions.