Capital Research Global Investors reports 7.1% stake in Allegro MicroSystems (ALGM)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Capital Research Global Investors, a division of Capital Research and Management Company and related investment management entities, reports beneficial ownership of 13,111,292 shares of Allegro MicroSystems, Inc. common stock.
This stake represents 7.1% of the 185,119,045 shares believed to be outstanding as of the reporting date. Capital Research Global Investors has sole power to vote and dispose of all 13,111,292 shares, with no shared voting or dispositive power reported.
The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Allegro MicroSystems, nor in connection with any transaction intended to have that effect.
Positive
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Negative
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FAQ
What ownership stake does Capital Research Global Investors report in Allegro MicroSystems (ALGM)?
Capital Research Global Investors reports beneficial ownership of 13,111,292 Allegro MicroSystems shares, representing 7.1% of 185,119,045 shares believed outstanding. This makes it a significant institutional holder with a notable minority stake in the company’s common stock.
Does Capital Research Global Investors control voting and disposal of its Allegro MicroSystems (ALGM) shares?
Yes. The filing states Capital Research Global Investors has sole voting power and sole dispositive power over 13,111,292 Allegro shares, with no shared voting or shared dispositive power. This means it alone decides how these shares are voted and whether they are sold.
Is Capital Research Global Investors filing as part of a group in Allegro MicroSystems (ALGM)?
No. The document indicates the usual group-related items as not applicable, and there is no identification of group members. The reported ownership is attributed to Capital Research Global Investors and its related investment management entities, not a broader shareholder group.
What percentage of Allegro MicroSystems (ALGM) common stock is held by Capital Research Global Investors?
Capital Research Global Investors is deemed to beneficially own 7.1% of Allegro MicroSystems’ common stock. This percentage is based on 13,111,292 shares held relative to 185,119,045 Allegro shares believed to be outstanding, as referenced in the ownership section.
Is Capital Research Global Investors seeking to influence control of Allegro MicroSystems (ALGM)?
No. The certification states the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of Allegro. It also notes they are not held in connection with any transaction having that control-related purpose or effect.
Who signed the Allegro MicroSystems (ALGM) ownership report for Capital Research Global Investors?
The statement is signed by Jae Won Chung, identified as Vice President and Senior Counsel II of Capital Research and Management Company. The signature section certifies that, after reasonable inquiry, the information in the ownership report is true, complete, and correct.