Recent Analysts’ Ratings Changes for Allegro MicroSystems (ALGM)

Allegro MicroSystems (NASDAQ: ALGM) has recently received a number of price target changes and ratings updates:

• 10/20/2026 – Allegro MicroSystems had its price target lowered by Wells Fargo & Company from $56.00 to $45.00. They now have an “overweight” rating on the stock.
• 10/19/2026 – Allegro MicroSystems had its price target lowered by TD Cowen from $48.00 to $40.00. They now have a “buy” rating on the stock.
• 10/8/2026 – Allegro MicroSystems was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
• 10/2/2026 – Allegro MicroSystems is now covered by Royal Bank Of Canada. They set an “outperform” rating and a $50.00 price target on the stock.
• 10/2/2026 – Allegro MicroSystems is now covered by Royal Bank Of Canada. They set a “moderate buy” rating and a $50.00 price target on the stock.

Insider Activity at Allegro MicroSystems

In other news, SVP Erin Hagen sold 2,285 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $44.39, for a total value of $101,431.15. Following the transaction, the senior vice president directly owned 31,052 shares in the company, valued at approximately $1,378,398.28. This trade represents a 6.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Allegro MicroSystems, Inc is a semiconductor company that develops and manufactures magnetic sensing and power-management solutions. Its products are designed to help monitor motion, position, speed, current and temperature, as well as control power in electronic systems.

The company’s portfolio includes Hall-effect and other magnetic sensors, current sensors, motor drivers, regulators, LED drivers and related integrated circuits. These products are used in automotive applications such as advanced driver-assistance systems, vehicle electrification, powertrain systems, comfort features and safety systems, as well as in industrial and consumer equipment.

Founded in 1990 and headquartered in Manchester, New Hampshire, Allegro serves customers globally through its international operations and distribution network.