{"id":58562,"date":"2023-09-08T12:52:28","date_gmt":"2023-09-08T16:52:28","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/chip-maker-allegros-big-investor-sells-189-million-in-stock\/"},"modified":"2023-09-08T12:52:31","modified_gmt":"2023-09-08T16:52:31","slug":"chip-maker-allegros-big-investor-sells-189-million-in-stock","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=58562","title":{"rendered":"Chip Maker Allegro’s Big Investor Sells $189 Million in Stock"},"content":{"rendered":"
\n

Shares of
\n Allegro Microsystems
\n fell by more than 10% this week, after a Barron\u2019s<\/em> column aired a debate over the chip supplier\u2019s profit prospects.<\/p>\n

On Wednesday, a securities filing showed why.<\/p>\n

\n

Allegro\u2019s biggest outside investor sold five million shares, worth about $189.3 million, according to the filing. The private-equity firm One Equity Partners has been a controlling shareholder of Allegro since the chip firm (ticker: ALGM) went public in a 2020 spinoff from Japan\u2019s
\n SanKen Electric
\n (6707. Japan). One Equity and SanKen appoint Allegro directors under a shareholders\u2019 agreement.<\/p>\n

Allegro stock had fetched over $38 a share last week. It was trading at around $35 on Thursday.<\/p>\n

The sale reduced One Equity\u2019s stake from 9.2% of Allegro\u2019s shares, to 6.6%. One Equity sold a similar amount of stock in February. SanKen holds 51% of Allegro stock.<\/p>\n

The Barron\u2019s<\/em> piece noted that Allegro reports profit margins that greatly exceed its closest competitor in the market for magnetic sensor chips. Some investors have wondered if Allegro\u2019s margins benefit from its dealings with related parties: It shares ownership of a semiconductor wafer supplier with SanKen, and sells finished chips to SanKen. Allegro said its accounting was proper.<\/p>\n

Neither One Equity nor Allegro responded to Barron\u2019s<\/em> questions about Wednesday\u2019s stock sale.<\/p>\n

Write to Bill Alpert at william.alpert@barrons.com<\/p>\n

Corrections & amplifications: One Equity Partners filed to sell five million shares of Allegro Microsystems on Sept. 6, 2023. An earlier version of this article\u00a0incorrectly\u00a0said half a million shares were sold.<\/em><\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On Wednesday, a securities filing showed why. Allegro\u2019s biggest outside investor sold five million shares, worth about $189.3 million, according to the filing. The private-equity firm One Equity Partners has been […]<\/p>\n","protected":false},"author":1,"featured_media":58563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-58562","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nChip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=58562\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=58562\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-08T16:52:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T16:52:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1694191949_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=58562#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=58562\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Chip Maker Allegro’s Big Investor Sells $189 Million in Stock\",\"datePublished\":\"2023-09-08T16:52:28+00:00\",\"dateModified\":\"2023-09-08T16:52:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=58562\"},\"wordCount\":263,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=58562#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=58562\",\"url\":\"https:\/\/ifintechworld.com\/?p=58562\",\"name\":\"Chip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-08T16:52:28+00:00\",\"dateModified\":\"2023-09-08T16:52:31+00:00\",\"description\":\"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=58562#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=58562\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=58562#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chip Maker Allegro’s Big Investor Sells $189 Million in Stock\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld","description":"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=58562","og_locale":"en_US","og_type":"article","og_title":"Chip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld","og_description":"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On","og_url":"https:\/\/ifintechworld.com\/?p=58562","og_site_name":"iFintechWorld","article_published_time":"2023-09-08T16:52:28+00:00","article_modified_time":"2023-09-08T16:52:31+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1694191949_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=58562#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=58562"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Chip Maker Allegro’s Big Investor Sells $189 Million in Stock","datePublished":"2023-09-08T16:52:28+00:00","dateModified":"2023-09-08T16:52:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=58562"},"wordCount":263,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=58562#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=58562","url":"https:\/\/ifintechworld.com\/?p=58562","name":"Chip Maker Allegro's Big Investor Sells $189 Million in Stock | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-08T16:52:28+00:00","dateModified":"2023-09-08T16:52:31+00:00","description":"Shares of Allegro Microsystems fell by more than 10% this week, after a Barron\u2019s column aired a debate over the chip supplier\u2019s profit prospects. On","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=58562#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=58562"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=58562#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Chip Maker Allegro’s Big Investor Sells $189 Million in Stock"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/58562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58562"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/58562\/revisions"}],"predecessor-version":[{"id":58564,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/58562\/revisions\/58564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/58563"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}