Invesco 13F: Adds $75M to Allegro MicroSystems (ALGM) Stake

Invesco has increased its investment in Allegro MicroSystems, Inc. (NasdaqGS: ALGM) by 1,100,430 shares, reaching a total of 8,751,481 shares. This marks a 14% boost in its holdings, valued at approximately $494.8 million, according to the latest Form 13F filing with the SEC for the reporting period ending March 31, 2026.

What Changed in Invesco's Allegro MicroSystems Position

Invesco's recent move raised its ownership of Allegro MicroSystems from 7,651,051 shares to 8,751,481 shares, reflecting a 14% increase. The additional shares are valued at nearly $494.8 million, indicating a strong commitment to the semiconductor company.

Other Institutional Activity in Allegro MicroSystems

Other major funds 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 $864.6 million. BlackRock, Inc. added 293,411 shares, bringing its total to 12,494,868 shares worth around $394 million. On the other hand, Capital Research Global Investors trimmed its stake by 675,734 shares, now holding 12,435,558 shares valued at $392.1 million.

Allegro MicroSystems, Inc. Stock Up 111.8%

Shares of Allegro MicroSystems are trading at $56.54. The company has a market capitalization of $9.92 billion and a forward P/E ratio of 36.19. With a beta of 1.978, the stock has seen a 52-week range between $22.41 and $58.13. Its 50-day and 200-day moving averages are $45.25 and $34.47, respectively. The company's current ratio is 3.45, with a quick ratio of 1.94 and a debt-to-equity ratio of 31.98.

Recent Earnings

Allegro MicroSystems reported revenue of $890.1 million with a growth rate of 26.1%. Despite a net margin of -1.67% and a return on equity of -1.55%, the company is positioned in the growing semiconductor industry. The next earnings report is expected on July 30, 2026.

Insider Buying and Selling at Allegro MicroSystems, Inc.

Several insiders have sold shares recently. Richard Madormo, SVP of Worldwide Sales, sold 5,000 shares at an average price of $52.72 on June 3, 2026. Troy Coleman, SVP and General Manager, Products, sold 4,500 shares at $45.72 on May 22, 2026. Additionally, Roald Graham Webster, VP and Chief Accounting Officer, sold 5,217 shares at $44.89 on May 21, 2026.

Analysts Set New Price Targets

On May 8, 2026, UBS maintained its "buy" rating with a $55.00 price target. Barclays also maintained a "buy" rating, targeting $48.00, while Wells Fargo set its target at $56.00. The consensus among analysts is a "strong buy," with a mean target price of $54.42 based on 12 opinions.

About Allegro MicroSystems

Allegro MicroSystems, Inc. designs and manufactures sensor integrated circuits (ICs) and power ICs. Its products are used in automotive and industrial markets, focusing on applications like motion control and power management. Headquartered in Manchester, New Hampshire, the company operates globally, serving advanced sectors such as AI data centers and robotics, under the leadership of CEO Michael C. Doogue.

Bottom Line

Invesco's decision to increase its stake by 14% in Allegro MicroSystems suggests confidence in the company's growth potential. With the semiconductor sector's ongoing expansion, Allegro's innovative products and strategic market position make it a key player to watch. Remember, 13F filings are backward-looking and may not reflect current holdings.