Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) was the target of unusually large options trading on Monday. Traders purchased 25,012 put options on the stock. This represents an increase of 952% compared to the typical daily volume of 2,377 put options.
Institutional Investors Weigh In On Allegro MicroSystems
A number of institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. bought a new stake in Allegro MicroSystems during the 4th quarter valued at $40,000. Venturi Wealth Management LLC acquired a new position in Allegro MicroSystems during the fourth quarter worth $47,000. KBC Group NV lifted its stake in Allegro MicroSystems by 40.9% during the third quarter. KBC Group NV now owns 3,590 shares of the company’s stock worth $84,000 after purchasing an additional 1,042 shares in the last quarter. Quarry LP acquired a new stake in shares of Allegro MicroSystems in the fourth quarter valued at $79,000. Finally, Sterling Capital Management LLC raised its stake in shares of Allegro MicroSystems by 59.9% in the fourth quarter. Sterling Capital Management LLC now owns 7,364 shares of the company’s stock valued at $161,000 after acquiring an additional 2,758 shares in the last quarter. 56.45% of the stock is owned by institutional investors.
Allegro MicroSystems Trading Down 1.2 %
Shares of ALGM stock traded down $0.33 on Monday, reaching $26.45. 431,630 shares of the company’s stock were exchanged, compared to its average volume of 3,237,278. Allegro MicroSystems has a 52 week low of $18.59 and a 52 week high of $33.26. The company has a current ratio of 4.91, a quick ratio of 3.00 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.87 billion, a PE ratio of -75.41 and a beta of 1.67. The company’s fifty day simple moving average is $24.68 and its 200 day simple moving average is $22.79.
Analyst Upgrades and Downgrades
View Our Latest Report on ALGM
About Allegro MicroSystems
Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.
Recommended Stories
- Five stocks we like better than Allegro MicroSystems
- Best Aerospace Stocks Investing
- Super Micro’s International Presence Makes It a Winning Stock
- What Are Dividend Champions? How to Invest in the Champions
- Grocery Outlet Insider and Institutional Buyers Signal Bottom
- Why Invest in 5G? How to Invest in 5G Stocks
- Consumers Are Cutting Back, But These 3 Stocks Will Stay Strong
Receive News & Ratings for Allegro MicroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegro MicroSystems and related companies with MarketBeat.com's FREE daily email newsletter.