Susquehanna International Group Reduces $1M in Allegro MicroSystems, Inc. ($ALGM)

Susquehanna International Group has reduced its holdings in Allegro MicroSystems, Inc. (NasdaqGS: ALGM) by 18,897 shares, a decrease of around 14%. This change brings Susquehanna's total shares in the semiconductor company to 115,383, valued at approximately $6.52 million, as reported in their latest 13F filing with the SEC for the quarter ending March 31, 2026.

What Changed in Susquehanna's Allegro MicroSystems Position

Susquehanna International Group cut its stake in Allegro MicroSystems from 134,280 shares to 115,383 shares, a decline of 18,897 shares or 14%. The value of these holdings stands at about $6.52 million. This adjustment reflects Susquehanna's strategic decision during the reporting period.

Other Institutional Activity in Allegro MicroSystems

Several other major investment firms also adjusted their positions in Allegro MicroSystems. FMR LLC increased its holdings by 3,785,460 shares, ending with 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. Meanwhile, Capital Research Global Investors reduced its position by 675,734 shares, leaving it with 12,435,558 shares valued at $392.09 million. JPMorgan Chase & Co increased its stake by 1,304,646 shares to 8,652,068 shares, valued at $242.60 million.

Allegro MicroSystems Stock Snapshot

Shares of Allegro MicroSystems trade around $56.54. The company boasts a market capitalization of $9.92 billion and a forward P/E ratio of 36.19. Its beta is 1.978, indicating higher volatility compared to the market. The stock's 52-week range spans from $22.41 to $58.13. Allegro's 50-day moving average is $45.25, while its 200-day moving average is $34.47. The company maintains a current ratio of 3.451 and a quick ratio of 1.944, with a debt-to-equity ratio of 31.984.

Recent Earnings

Allegro MicroSystems reported revenue of $890.10 million, reflecting a growth rate of 26.1%. Despite this, the company posted a net margin of -1.67% and a return on equity of -1.55%, indicating recent profitability challenges. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at Allegro MicroSystems, Inc.

Recent insider activity at Allegro MicroSystems includes several sales. On June 3, 2026, Richard Madormo, SVP of Worldwide Sales, sold 5,000 shares at an average price of $52.72. Troy Coleman, SVP and General Manager, Products, sold 4,500 shares at $45.72 on May 22, 2026. Roald Graham Webster, VP and Chief Accounting Officer, sold 5,217 shares at $44.89 on May 21, 2026. Ian Kent, SVP of Global Operations, sold 2,642 shares at $41.56 on May 18, 2026, and 2,345 shares at $43.10 on May 16, 2026.

Analysts Set New Price Targets

Analysts have maintained positive outlooks on Allegro MicroSystems. On May 8, 2026, UBS, Barclays, Wells Fargo, Evercore ISI Group, and Mizuho all maintained their "buy" ratings with price targets ranging from $48 to $56. Needham also reaffirmed its "buy" rating with a target of $55 on May 7, 2026. Morgan Stanley upgraded the stock to "buy" with a target of $51 on February 13, 2026. The consensus among 12 analysts is a "strong buy," with an average target price of $54.42.

About Allegro MicroSystems

Allegro MicroSystems, Inc. designs and manufactures sensor and power integrated circuits (ICs) used in a variety of applications, including automotive and industrial sectors. Their products range from magnetic sensor ICs to power management ICs, catering primarily to original equipment manufacturers and distributors. Headquartered in Manchester, New Hampshire, Allegro serves markets across the Americas, Europe, and Asia with a workforce of approximately 4,250 employees under the leadership of CEO Michael C. Doogue.

Bottom Line

Susquehanna International Group's decision to reduce its stake in Allegro MicroSystems highlights the dynamic nature of institutional investments. While this 13F filing reflects past actions as of March 31, 2026, investors often watch such filings to gauge fund sentiment. Allegro's stock performance and analyst ratings suggest ongoing interest in its growth potential, despite recent profitability challenges.