Allegro MicroSystems (NASDAQ:ALGM) SVP Sells $425,387.92 in Stock

Posted by Francis Steltz on May 16th, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) SVP Sharon Briansky sold 8,948 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $47.54, for a total value of $425,387.92. Following the completion of the sale, the senior vice president directly owned 75,232 shares of the company’s stock, valued at approximately $3,576,529.28. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Allegro MicroSystems Stock Down 4.2%

Shares of NASDAQ ALGM opened at $43.10 on Friday. The stock has a market cap of $7.99 billion, a PE ratio of -478.84 and a beta of 2.02. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.30. Allegro MicroSystems, Inc. has a 52-week low of $22.41 and a 52-week high of $51.40. The business has a 50-day moving average price of $37.64 and a 200 day moving average price of $33.43.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The business’s revenue was up 26.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. Equities research analysts forecast that Allegro MicroSystems, Inc. will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On Allegro MicroSystems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its position in Allegro MicroSystems by 86.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock worth $26,000 after purchasing an additional 419 shares during the period. Quent Capital LLC acquired a new position in Allegro MicroSystems during the 3rd quarter worth approximately $28,000. Parallel Advisors LLC increased its position in Allegro MicroSystems by 42.8% during the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after purchasing an additional 302 shares during the period. Kestra Advisory Services LLC acquired a new position in Allegro MicroSystems during the 4th quarter worth approximately $34,000. Finally, CIBC Private Wealth Group LLC increased its position in Allegro MicroSystems by 14,844.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock worth $35,000 after purchasing an additional 1,336 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analyst Ratings Changes

ALGM has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $62.00 target price on shares of Allegro MicroSystems in a research report on Thursday, May 7th. Bank of America upped their price objective on Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a research note on Friday, May 8th. Needham & Company LLC upped their price objective on Allegro MicroSystems from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen upped their price objective on Allegro MicroSystems from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.80.

Check Out Our Latest Report on Allegro MicroSystems

Allegro MicroSystems Company Profile

(Get Free Report)

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.