Allegro MicroSystems (NASDAQ:ALGM) Upgraded at Wall Street Zen

Posted by Stanley Muller on Aug 5th, 2026

Wall Street Zen upgraded shares of Allegro MicroSystems (NASDAQ:ALGM – Free Report) from a hold rating to a buy rating in a research report report published on Sunday morning.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group reissued a “buy” rating and set a $62.00 price target on shares of Allegro MicroSystems in a research report on Thursday, May 7th. Mizuho cut their price target on Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Needham & Company LLC raised their price objective on Allegro MicroSystems from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley boosted their target price on Allegro MicroSystems from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday. Finally, UBS Group raised their price target on Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Allegro MicroSystems currently has a consensus rating of “Moderate Buy” and an average price target of $52.80.

Read Our Latest Analysis on ALGM

Allegro MicroSystems Price Performance

Shares of ALGM stock opened at $42.85 on Friday. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 714.29, a PEG ratio of 1.07 and a beta of 1.94. The business’s fifty day moving average is $51.57 and its 200 day moving average is $42.82. Allegro MicroSystems has a twelve month low of $22.41 and a twelve month high of $71.77. The company has a quick ratio of 2.33, a current ratio of 3.70 and a debt-to-equity ratio of 0.30.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%.The business had revenue of $259.24 million during the quarter, compared to analyst estimates of $251.44 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 27.5% on a year-over-year basis. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Research analysts expect that Allegro MicroSystems will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Allegro MicroSystems

In other news, CAO Roald Graham Webster sold 5,217 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $44.88, for a total value of $234,138.96. Following the transaction, the chief accounting officer owned 13,106 shares in the company, valued at $588,197.28. This represents a 28.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Doogue sold 30,089 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the completion of the transaction, the chief executive officer owned 252,797 shares in the company, valued at $11,939,602.31. The trade was a 10.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 68,607 shares of company stock worth $3,213,714. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Allegro MicroSystems

Hedge funds have recently bought and sold shares of the stock. Lecap Asset Management Ltd. bought a new stake in Allegro MicroSystems during the 4th quarter worth approximately $783,000. Norges Bank purchased a new position in shares of Allegro MicroSystems in the fourth quarter valued at about $38,457,000. Lightrock Netherlands B.V. purchased a new stake in shares of Allegro MicroSystems during the fourth quarter worth about $9,349,000. Maverick Capital Ltd. purchased a new position in Allegro MicroSystems in the 1st quarter worth approximately $1,331,000. Finally, S Squared Technology LLC grew its holdings in Allegro MicroSystems by 15.1% during the 4th quarter. S Squared Technology LLC now owns 457,451 shares of the company’s stock valued at $12,068,000 after buying an additional 60,000 shares in the last quarter. 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.