Insider Selling: Allegro MicroSystems (NASDAQ:ALGM) SVP Sells 5,000 Shares of Stock

Posted by Brenda Bartman on Jun 4th, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) SVP Richard Madormo sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $52.72, for a total transaction of $263,600.00. Following the completion of the sale, the senior vice president directly owned 69,687 shares of the company’s stock, valued at $3,673,898.64. The trade was a 6.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Allegro MicroSystems Stock Performance

Shares of NASDAQ:ALGM traded up $0.51 on Thursday, reaching $53.62. The company’s stock had a trading volume of 2,089,796 shares, compared to its average volume of 2,444,733. The stock’s 50-day moving average is $41.63 and its two-hundred day moving average is $35.20. Allegro MicroSystems, Inc. has a 52-week low of $22.41 and a 52-week high of $54.40. 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 stock has a market capitalization of $9.99 billion, a P/E ratio of -595.71 and a beta of 1.98.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating 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 business had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period in the prior year, the company earned $0.06 earnings per share. The business’s 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. As a group, sell-side analysts forecast that Allegro MicroSystems, Inc. will post 0.77 EPS for the current year.

Institutional Trading of Allegro MicroSystems

Hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Allegro MicroSystems by 86.9% during the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock worth $26,000 after acquiring an additional 419 shares during the last quarter. Parallel Advisors LLC boosted its position in Allegro MicroSystems by 42.8% during the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after acquiring an additional 302 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Allegro MicroSystems during the fourth quarter worth approximately $34,000. CIBC Private Wealth Group LLC boosted its position in Allegro MicroSystems by 14,844.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock worth $35,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Allegro MicroSystems by 85.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ALGM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Wells Fargo & Company upped their target price on shares of Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Evercore restated an “outperform” rating and set a $53.00 target price on shares of Allegro MicroSystems in a research report on Friday, May 8th. Mizuho upped their target price on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, UBS Group increased their price target on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Allegro MicroSystems currently has an average rating of “Moderate Buy” and a consensus target price of $51.80.

Check Out Our Latest Report 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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