Allegro MicroSystems (NASDAQ:ALGM) CAO Roald Graham Webster Sells 5,217 Shares

Allegro MicroSystems, Inc. (NASDAQ:ALGM) CAO Roald Graham Webster sold 5,217 shares of Allegro MicroSystems stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $44.88, for a total value of $234,138.96. Following the completion of the transaction, the chief accounting officer owned 13,106 shares of the company’s stock, valued at $588,197.28. The trade was a 28.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $45.95 on Friday. The stock has a 50-day simple moving average of $38.72 and a 200-day simple moving average of $33.89. 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 stock has a market capitalization of $8.51 billion, a PE ratio of -510.50 and a beta of 2.02. Allegro MicroSystems, Inc. has a 1 year low of $22.41 and a 1 year high of $51.40.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, analysts predict that Allegro MicroSystems, Inc. will post 0.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group raised their target price on Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegro MicroSystems in a research report on Wednesday, May 6th. Needham & Company LLC raised their target price on Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Evercore reissued an “outperform” rating and set a $53.00 target price on shares of Allegro MicroSystems in a research report on Friday, May 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $62.00 target price on shares of Allegro MicroSystems in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Allegro MicroSystems by 42.8% during the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after buying an additional 302 shares during the period. PNC Financial Services Group Inc. increased its position in Allegro MicroSystems by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 14,713 shares of the company’s stock worth $430,000 after buying an additional 381 shares during the period. Hantz Financial Services Inc. increased its position in Allegro MicroSystems by 86.9% during the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock worth $26,000 after buying an additional 419 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Allegro MicroSystems by 3.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,268 shares of the company’s stock worth $376,000 after buying an additional 419 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Allegro MicroSystems by 2.1% during the third quarter. Advisors Asset Management Inc. now owns 22,499 shares of the company’s stock worth $657,000 after buying an additional 466 shares during the period. Institutional investors and hedge funds 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.