Allegro MicroSystems (ALGM) News Today $24.84 +1.13 (+4.77%) As of 01/17/2025 04:00 PM Eastern Add Compare Share Share Headlines Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends All Sources Trusted Sources MarketBeat Benzinga Bloomberg GuruFocus MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha TalkMarkets The Street TipRanks The Wall Street Journal Wall Street Zen Yahoo Finance Source Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Sentiment All Sentiments Very Positive Positive Neutral Negative Very Negative Most Recent January 2025 December 2024 November 2024 October 2024 September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 Time Period Allegro MicroSystems, Inc. (NASDAQ:ALGM) Short Interest Down 8.9% in DecemberAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 10,380,000 shares, a decrease of 8.9% from the December 15th total of 11,400,000 shares. Based on an average daily volume of 1,960,000 shares, the short-interest ratio is presently 5.3 days. Currently, 8.5% of the shares of the company are short sold.January 18 at 1:38 AM | marketbeat.comAllegro MicroSystems price target raised to $30 from $25 at BarclaysJanuary 18 at 1:29 AM | markets.businessinsider.comBarclays Remains a Buy on Allegro MicroSystems (ALGM)January 18 at 1:29 AM | markets.businessinsider.comAllegro MicroSystems (NASDAQ:ALGM) Given New $30.00 Price Target at BarclaysBarclays upped their target price on shares of Allegro MicroSystems from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday.January 17 at 8:06 AM | marketbeat.comOak Thistle LLC Acquires New Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Oak Thistle LLC bought a new position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 29,688 shares of the company's stock, valued at approximately $649,000. Other institutionalJanuary 16 at 4:54 AM | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Given Consensus Rating of "Moderate Buy" by AnalystsAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendatioJanuary 16 at 4:50 AM | marketbeat.comAllegro MicroSystems Redefines Sensing with New Current Sensor ICs in Compact PackagesJanuary 15 at 10:25 AM | msn.comWells Fargo Sticks to Its Buy Rating for Allegro MicroSystems (ALGM)January 13, 2025 | markets.businessinsider.comWells Fargo & Company Forecasts Strong Price Appreciation for Allegro MicroSystems (NASDAQ:ALGM) StockWells Fargo & Company lifted their price target on Allegro MicroSystems from $23.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday.January 13, 2025 | marketbeat.comBarclays PLC Acquires 35,417 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)Barclays PLC boosted its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 88.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,620 shares of the company's stock afterJanuary 12, 2025 | marketbeat.comAllegro MicroSystems Plans $375M Debt Refinancing by 2025January 10, 2025 | tipranks.comAllegro MicroSystems to Announce Third Quarter Fiscal 2025 Financial ResultsJanuary 9, 2025 | globenewswire.comAllegro MicroSystems launches two new current sensor ICsJanuary 8, 2025 | markets.businessinsider.comAllegro MicroSystems Redefines Sensing with Launch of New Current Sensor ICs in Compact PackagesJanuary 8, 2025 | globenewswire.comAllegro MicroSystems Initiates Term Loan Refinancing StrategyJanuary 6, 2025 | tipranks.comAllegro MicroSystems to Present Virtually at the 27th Annual Needham Growth Conference on January 16, 2025January 2, 2025 | globenewswire.comJPMorgan Chase & Co. Acquires 1,884,578 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)JPMorgan Chase & Co. grew its holdings in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,023,628 shares of the company's stockDecember 31, 2024 | marketbeat.comAllegro MicroSystems (NASDAQ:ALGM) Shares Down 5.7% - Here's What HappenedAllegro MicroSystems (NASDAQ:ALGM) Stock Price Down 5.7% - Should You Sell?December 30, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Sees Large Drop in Short InterestAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 11,400,000 shares, a decrease of 12.0% from the November 30th total of 12,950,000 shares. Approximately 9.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 5.8 days.December 29, 2024 | marketbeat.comBarclays PLC Increases Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Barclays PLC grew its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 88.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,620 shares of the companyDecember 28, 2024 | marketbeat.comAllegro MicroSystems say David Aldrich resigns from board Chairperson positionDecember 23, 2024 | markets.businessinsider.comPrincipal Financial Group Inc. Boosts Stock Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Principal Financial Group Inc. lifted its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,499,760 shares of the cDecember 23, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Given Average Rating of "Moderate Buy" by AnalystsShares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and ten have given a buy rDecember 22, 2024 | marketbeat.comGeode Capital Management LLC Increases Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Geode Capital Management LLC raised its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 86.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,561,482 shares of theDecember 22, 2024 | marketbeat.comAllegro MicroSystems to showcase power, sensing solutions at CES 2025December 21, 2024 | markets.businessinsider.comAllegro MicroSystems to Showcase Its Dynamic Sensing and Power Solutions at CES 2025December 19, 2024 | markets.businessinsider.comRetirement Systems of Alabama Buys 100,621 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)Retirement Systems of Alabama lifted its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 77.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,815 shares of theDecember 19, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Stock Position Decreased by Quantinno Capital Management LPQuantinno Capital Management LP cut its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 62.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,575 shares of the company's stock after selliDecember 16, 2024 | marketbeat.comState Street Corp Purchases 1,615,351 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)State Street Corp grew its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 41.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,486,289 shares of the company's stock after acquiring aDecember 15, 2024 | marketbeat.comTraders Buy High Volume of Allegro MicroSystems Call Options (NASDAQ:ALGM)Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders purchased 5,214 call options on the company. This is an increase of approximately 300% compared to the average volume of 1,305 call options.December 13, 2024 | marketbeat.comWellington Management Group LLP Buys Shares of 3,059,634 Allegro MicroSystems, Inc. (NASDAQ:ALGM)Wellington Management Group LLP purchased a new position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,059,634 shares of the company's sDecember 11, 2024 | marketbeat.comAllegro MicroSystems: Strong Business And Growth PotentialDecember 10, 2024 | seekingalpha.comTwo Sigma Advisers LP Purchases 112,400 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)Two Sigma Advisers LP boosted its holdings in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 21.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 627,000 shares of the company's stock after purchasinDecember 9, 2024 | marketbeat.comPier Capital LLC Buys New Shares in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Pier Capital LLC bought a new stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 322,495 shares of the company's stock, valued at approximately $7,514,000. Pier CapDecember 8, 2024 | marketbeat.comWells Fargo Sticks to Their Buy Rating for Allegro MicroSystems (ALGM)December 6, 2024 | markets.businessinsider.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Shares Purchased by MetLife Investment Management LLCMetLife Investment Management LLC raised its holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 111.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,763December 6, 2024 | marketbeat.comPolar Asset Management Partners Inc. Takes $6 Million Position in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Polar Asset Management Partners Inc. acquired a new stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 257December 5, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Shares Purchased by Holocene Advisors LPHolocene Advisors LP increased its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 152.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,831 shares of the company's stoDecember 5, 2024 | marketbeat.comAtom Investors LP Sells 75,871 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)Atom Investors LP lessened its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 61.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,115 shares of the company's stock afterDecember 4, 2024 | marketbeat.comCharles Schwab Investment Management Inc. Has $31.84 Million Stock Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Charles Schwab Investment Management Inc. raised its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 101.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,366,308 sharesDecember 4, 2024 | marketbeat.comArrowMark Colorado Holdings LLC Acquires 55,301 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)ArrowMark Colorado Holdings LLC lifted its stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 28.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,561 shares of the company's stock after acquirDecember 3, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Sees Significant Increase in Short InterestAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 12,960,000 shares, an increase of 5.3% from the October 31st total of 12,310,000 shares. Approximately 10.6% of the company's stock are sold short. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 5.6 days.December 3, 2024 | marketbeat.comPaloma Partners Management Co Takes $11.87 Million Position in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Paloma Partners Management Co purchased a new stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 509,630 shares of the company's stock, valued at approximately $11,December 2, 2024 | marketbeat.comAllegro Microsystems: Short-Term Headwinds Impact GrowthDecember 1, 2024 | seekingalpha.comFmr LLC Acquires 8,534,089 Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM)Fmr LLC lifted its holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 43.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,253,811 shares of the company's stock after acquiring an additioNovember 29, 2024 | marketbeat.comLoomis Sayles & Co. L P Takes Position in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Loomis Sayles & Co. L P acquired a new position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 784,111 shares of the company's stock, valued at approximately $18,269,000. Loomis Sayles &November 27, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Given Consensus Recommendation of "Moderate Buy" by BrokeragesAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buNovember 27, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Shares Bought by Westfield Capital Management Co. LPWestfield Capital Management Co. LP increased its stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 54.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,014,481 shares of the company's stock after acquirNovember 25, 2024 | marketbeat.comMassachusetts Financial Services Co. MA Boosts Stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Massachusetts Financial Services Co. MA increased its holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 47.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,453,004 shares of the company's stock after buying an additionaNovember 25, 2024 | marketbeat.comMutual of America Capital Management LLC Has $1.96 Million Stock Position in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Mutual of America Capital Management LLC lifted its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 105.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,003 shares of theNovember 25, 2024 | marketbeat.com Get Allegro MicroSystems News Delivered to You Automatically Sign up to receive the latest news and ratings for ALGM and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGM Media Mentions By Week ALGM Media Sentiment Learn about the media sentiment score. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. ALGM News Sentiment▼0.800.59▲Average Computer and Technology News Sentiment ALGM News Coverage Learn about the media coverage comparison. We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. ALGM Articles This Week▼106▲ALGM Articles Average Week Get Allegro MicroSystems News Delivered to You Automatically Sign up to receive the latest news and ratings for ALGM and its competitors with MarketBeat's FREE daily newsletter. 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