Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders bought 25,012 put options on the stock. This represents an increase of 952% compared to the average daily volume of 2,377 put options.
Allegro MicroSystems Price Performance
NASDAQ ALGM traded down $0.33 during trading on Monday, reaching $26.45. The company’s stock had a trading volume of 431,630 shares, compared to its average volume of 3,237,278. The stock has a market capitalization of $4.87 billion, a PE ratio of -75.41 and a beta of 1.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.91 and a quick ratio of 3.00. The firm has a fifty day moving average of $24.68 and a 200 day moving average of $22.79. Allegro MicroSystems has a one year low of $18.59 and a one year high of $33.26.
Hedge Funds Weigh In On Allegro MicroSystems
A number of institutional investors have recently added to or reduced their stakes in ALGM. State of New Jersey Common Pension Fund D bought a new position in shares of Allegro MicroSystems during the 3rd quarter valued at about $1,890,000. Victory Capital Management Inc. increased its position in shares of Allegro MicroSystems by 90.3% during the 3rd quarter. Victory Capital Management Inc. now owns 31,461 shares of the company’s stock valued at $733,000 after purchasing an additional 14,925 shares during the last quarter. KBC Group NV increased its position in shares of Allegro MicroSystems by 40.9% during the 3rd quarter. KBC Group NV now owns 3,590 shares of the company’s stock valued at $84,000 after purchasing an additional 1,042 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Allegro MicroSystems by 5.7% during the 3rd quarter. Natixis Advisors LLC now owns 30,062 shares of the company’s stock valued at $700,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Allegro MicroSystems by 105.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 84,003 shares of the company’s stock valued at $1,957,000 after purchasing an additional 43,090 shares during the last quarter. 56.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Allegro MicroSystems
Allegro MicroSystems Company Profile
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.
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