Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) SVP Erin Hagen sold 2,285 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $44.39, for a total transaction of $101,431.15. Following the completion of the transaction, the senior vice president directly owned 31,052 shares of the company’s stock, valued at approximately $1,378,398.28. This represents a 6.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Allegro MicroSystems Price Performance
Shares of ALGM opened at $44.39 on Friday. The firm has a market capitalization of $8.27 billion, a PE ratio of 739.96, a price-to-earnings-growth ratio of 1.39 and a beta of 1.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.70 and a quick ratio of 2.33. Allegro MicroSystems, Inc. has a 1-year low of $22.41 and a 1-year high of $71.77. The company’s fifty day moving average price is $50.48 and its 200-day moving average price is $43.29.
Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $259.24 million during the quarter, compared to analyst estimates of $251.44 million. Allegro MicroSystems had a return on equity of 8.30% and a net margin of 1.50%.The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. On average, equities research analysts predict that Allegro MicroSystems, Inc. will post 0.65 EPS for the current year.
Analyst Ratings Changes
Get Our Latest Analysis on Allegro MicroSystems
Institutional Investors Weigh In On Allegro MicroSystems
Several hedge funds have recently bought and sold shares of ALGM. Jupiter Topco LLC acquired a new stake in shares of Allegro MicroSystems during the 2nd quarter worth approximately $3,991,000. Hsbc Holdings PLC acquired a new position in shares of Allegro MicroSystems in the 2nd quarter valued at $1,870,000. Canada Pension Plan Investment Board purchased a new stake in Allegro MicroSystems during the second quarter worth $3,063,000. Castleark Management LLC purchased a new stake in Allegro MicroSystems during the second quarter worth $9,879,000. Finally, Legal & General Group Plc acquired a new stake in Allegro MicroSystems during the second quarter valued at $11,469,000. Hedge funds and other institutional investors own 56.45% of the company’s stock.
Allegro MicroSystems Company Profile
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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