Allegro MicroSystems (NASDAQ:ALGM) Shares Gap Down – Here’s Why

Posted by Francis Steltz on Jul 13th, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $54.87, but opened at $52.21. Allegro MicroSystems shares last traded at $51.6920, with a volume of 112,512 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALGM. Jefferies Financial Group reaffirmed a “buy” rating and issued a $62.00 price target on shares of Allegro MicroSystems in a research note on Thursday, May 7th. Barclays raised their price objective on Allegro MicroSystems from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegro MicroSystems in a research note on Wednesday, May 6th. UBS Group upped 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. Finally, Evercore reiterated an “outperform” rating and issued a $53.00 target price on shares of Allegro MicroSystems in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Allegro MicroSystems presently has a consensus rating of “Moderate Buy” and an average target price of $55.60.

View Our Latest Analysis on ALGM

Allegro MicroSystems Stock Down 5.2%

The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $51.57 and a 200-day moving average price of $40.69. The firm has a market capitalization of $9.69 billion, a PE ratio of -577.82 and a beta of 1.90.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 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 firm had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’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. Equities research analysts forecast that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Richard Madormo sold 5,000 shares of the business’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 transaction, the senior vice president owned 69,687 shares of the company’s stock, valued at approximately $3,673,898.64. The trade was a 6.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Doogue sold 30,089 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 68,607 shares of company stock worth $3,213,714. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allegro MicroSystems

Institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its holdings in shares of Allegro MicroSystems by 49.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 59,900 shares of the company’s stock worth $4,170,000 after buying an additional 19,900 shares during the last quarter. Fulton Bank N.A. purchased a new stake in shares of Allegro MicroSystems during the 2nd quarter valued at approximately $322,000. Harbor Investment Advisory LLC acquired a new position in Allegro MicroSystems in the second quarter valued at approximately $72,000. Parallel Advisors LLC lifted 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. Finally, Bank of America Corp DE grew its position in Allegro MicroSystems by 48.3% in the first quarter. Bank of America Corp DE now owns 855,453 shares of the company’s stock worth $26,972,000 after acquiring an additional 278,798 shares during the period. 56.45% of the stock is currently owned by institutional investors and hedge funds.

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.