Allegro MicroSystems (NASDAQ:ALGM) Cut to “Equal Weight” at Barclays

Posted by Brenda Bartman on Jul 23rd, 2026

Barclays cut shares of Allegro MicroSystems (NASDAQ:ALGM – Free Report) from an overweight rating to an equal weight rating in a research note published on Monday, Marketbeat.com reports. Barclays currently has $48.00 price objective on the stock.

ALGM has been the topic of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a $62.00 target price on shares of Allegro MicroSystems in a research report on Thursday, May 7th. UBS Group increased their target price 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. Mizuho raised their price target on shares of Allegro MicroSystems from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Needham & Company LLC lifted their price target on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Evercore reiterated an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a research report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.20.

View Our Latest Research Report on Allegro MicroSystems

Allegro MicroSystems Stock Up 1.1%

NASDAQ ALGM opened at $49.87 on Monday. The business has a fifty day moving average price of $51.69 and a two-hundred day moving average price of $41.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21. Allegro MicroSystems has a fifty-two week low of $22.41 and a fifty-two week high of $71.77. The stock has a market capitalization of $9.29 billion, a PE ratio of -554.05 and a beta of 1.90.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The company had revenue of $243.19 million for the quarter, compared to analyst estimates of $235.94 million. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Allegro MicroSystems will post 0.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Roald Graham Webster sold 5,217 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $44.88, for a total transaction of $234,138.96. Following the sale, the chief accounting officer directly owned 13,106 shares in the company, valued at approximately $588,197.28. The trade was a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Doogue sold 30,089 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $47.23, for a total value of $1,421,103.47. Following the completion of the transaction, the chief executive officer directly owned 252,797 shares of the company’s stock, valued at $11,939,602.31. This represents a 10.64% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 68,607 shares of company stock worth $3,213,714. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Allegro MicroSystems

A number of institutional investors have recently added to or reduced their stakes in ALGM. Parallel Advisors LLC boosted its holdings in Allegro MicroSystems by 42.8% in the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock valued at $32,000 after acquiring an additional 302 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Allegro MicroSystems by 3.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,268 shares of the company’s stock valued at $376,000 after purchasing an additional 419 shares during the period. State of Michigan Retirement System raised its holdings in Allegro MicroSystems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 29,900 shares of the company’s stock worth $943,000 after purchasing an additional 600 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Allegro MicroSystems by 85.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after purchasing an additional 669 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Allegro MicroSystems by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 25,437 shares of the company’s stock worth $802,000 after purchasing an additional 700 shares during the period. 56.45% of the stock is owned by institutional investors.

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.