SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Report 12.4% Beneficial Ownership in Allegro Microsystems Inc.
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 12.4% of Allegro Microsystems Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 22,774,491.37 shares of Allegro Microsystems Inc. common stock.
- This aggregate amount represents 12.4% of the total outstanding common stock of Allegro Microsystems Inc.
- FMR LLC holds sole voting power over 22,546,750.91 shares and sole dispositive power over 22,774,491.37 shares.
- Abigail P. Johnson holds sole dispositive power over 22,774,491.37 shares, with no sole or shared voting power.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating a change from a previous filing.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual.
- Subsidiaries and affiliates of FMR LLC, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 5
Explanation: This is a factual regulatory filing (Schedule 13G) reporting beneficial ownership, not a performance or strategic announcement. Therefore, it carries a neutral sentiment score.
Future Outlook
NA
Industry Context
This filing reflects a significant, continued institutional investment in Allegro Microsystems Inc., a company operating in the semiconductor industry. Large ownership stakes by major asset managers like FMR LLC can signal long-term confidence in the company's prospects within its sector.
Stakeholder Impact
- Shareholders: The disclosure of a significant ownership stake by a major institutional investor like FMR LLC can provide a signal of confidence or stability, potentially influencing investor perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of filing of Schedule 13G by FMR LLC where Abigail P. Johnson's power of attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires the filing of this statement, reflecting the beneficial ownership position. |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 3. |
Keywords
Allegro Microsystems Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Semiconductor Industry
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