Insider Selling: Allegro MicroSystems (NASDAQ:ALGM) SVP Sells $109,801.52 in Stock

Posted by Brian Himes on May 22nd, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) SVP Ian Kent sold 2,642 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $41.56, for a total transaction of $109,801.52. Following the transaction, the senior vice president directly owned 25,392 shares of the company’s stock, valued at approximately $1,055,291.52. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allegro MicroSystems Stock Up 0.8%

ALGM opened at $44.70 on Friday. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $51.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.21 and a current ratio of 3.45. The company has a fifty day moving average of $38.46 and a two-hundred day moving average of $33.81. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of -496.61 and a beta of 2.02.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share 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 company had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, research analysts expect that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ALGM shares. Needham & Company LLC lifted their price objective 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. Mizuho lifted their price objective on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, May 8th. UBS Group lifted their price objective on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wells Fargo & Company lifted their price objective on shares of Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Morgan Stanley raised shares of Allegro MicroSystems from an “equal weight” rating to an “overweight” rating and set a $51.00 price objective for the company in a report on Friday, February 13th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.80.

Read Our Latest Report on ALGM

Institutional Trading of Allegro MicroSystems

A number of institutional investors and hedge funds have recently modified their holdings of ALGM. Royal Bank of Canada increased its stake in shares of Allegro MicroSystems by 70.0% during the first quarter. Royal Bank of Canada now owns 117,923 shares of the company’s stock worth $2,964,000 after purchasing an additional 48,554 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Allegro MicroSystems during the first quarter worth about $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Allegro MicroSystems by 31.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company’s stock worth $8,911,000 after purchasing an additional 85,607 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Allegro MicroSystems by 24.0% during the second quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock worth $536,000 after purchasing an additional 3,040 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Allegro MicroSystems by 5.4% during the second quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock worth $19,710,000 after purchasing an additional 29,531 shares in the last quarter. Hedge funds and other institutional investors own 56.45% of the company’s stock.

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.