Susan Lynch Sells 16,711 Shares of Allegro MicroSystems (NASDAQ:ALGM) Stock

Posted by Stanley Muller on May 17th, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) Director Susan Lynch sold 16,711 shares of Allegro MicroSystems stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the transaction, the director directly owned 12,805 shares in the company, valued at $582,115.30. This trade represents a 56.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Allegro MicroSystems Price Performance

Shares of ALGM stock opened at $43.10 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21. The firm’s 50-day moving average is $37.64 and its two-hundred day moving average is $33.43. Allegro MicroSystems, Inc. has a 12 month low of $22.41 and a 12 month high of $51.40. The company has a market capitalization of $7.99 billion, a PE ratio of -478.84 and a beta of 2.02.

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

Hedge Funds Weigh In On Allegro MicroSystems

Several large investors have recently made changes to their positions in ALGM. Bank of America Corp DE lifted its holdings in shares of Allegro MicroSystems by 136.6% in the 3rd quarter. Bank of America Corp DE now owns 952,679 shares of the company’s stock worth $27,818,000 after acquiring an additional 3,556,410 shares during the last quarter. Invesco Ltd. grew its holdings in Allegro MicroSystems by 44.0% during the 4th quarter. Invesco Ltd. now owns 7,651,051 shares of the company’s stock worth $201,835,000 after acquiring an additional 2,338,624 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Allegro MicroSystems by 189.4% during the 2nd quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company’s stock worth $94,360,000 after acquiring an additional 1,806,183 shares in the last quarter. Norges Bank acquired a new position in Allegro MicroSystems during the 4th quarter worth approximately $38,457,000. Finally, Adage Capital Partners GP L.L.C. grew its holdings in Allegro MicroSystems by 77.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,803,944 shares of the company’s stock worth $73,968,000 after acquiring an additional 1,227,317 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ALGM shares. Needham & Company LLC lifted their target price on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Barclays lifted their target price on shares of Allegro MicroSystems from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Mizuho lifted their target price on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Finally, UBS Group upped their price objective on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.80.

Check Out Our Latest Analysis on ALGM

About Allegro MicroSystems

(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.

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