Allegro MicroSystems (NASDAQ:ALGM) Trading 8.6% Higher – Time to Buy?

27 Jun 2026, 08:41 by Scott Moore · The Cerbat Gem

Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) traded up 8.6% on Thursday . The stock traded as high as $60.28 and last traded at $60.16. Approximately 1,322,772 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 2,461,804 shares. The stock had previously closed at $55.42.

Analyst Ratings Changes

ALGM has been the subject of a number of recent research reports. Wall Street Zen raised Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Wells Fargo & Company boosted their price target on Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Mizuho raised their price objective on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a research report on Friday, May 8th. Ten 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 company’s stock. According to data from MarketBeat, Allegro MicroSystems has an average rating of “Moderate Buy” and a consensus target price of $54.30.

Check Out Our Latest Stock Analysis on Allegro MicroSystems

Allegro MicroSystems Price Performance

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 stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of -644.66 and a beta of 1.98. The company’s 50-day simple moving average is $48.31 and its 200 day simple moving average is $38.44.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $243.19 million for the quarter, compared to analyst estimates 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 revenue was up 26.1% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. 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 EPS for the current year.

Insiders Place Their Bets

In other Allegro MicroSystems news, Director Susan D. Lynch sold 16,711 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the transaction, the director owned 12,805 shares in the company, valued at $582,115.30. This trade represents a 56.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Sharon Briansky sold 8,948 shares of Allegro MicroSystems stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $47.54, for a total transaction of $425,387.92. Following the completion of the transaction, the senior vice president directly owned 75,232 shares in the company, valued at approximately $3,576,529.28. This represents a 10.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 68,607 shares of company stock worth $3,213,714 in the last three months. 0.40% of the stock is owned by insiders.

Institutional Trading of Allegro MicroSystems

Large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its holdings in Allegro MicroSystems by 42.8% in the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after acquiring an additional 302 shares during the period. PNC Financial Services Group Inc. boosted its holdings 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 valued at $430,000 after acquiring an additional 381 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings 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 valued at $376,000 after acquiring an additional 419 shares during the period. State of Michigan Retirement System boosted its holdings in Allegro MicroSystems by 2.0% during the first quarter. State of Michigan Retirement System now owns 29,900 shares of the company’s stock valued at $943,000 after acquiring an additional 600 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Allegro MicroSystems by 85.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock valued at $38,000 after purchasing an additional 669 shares during the last quarter. 56.45% of the stock is owned by institutional investors.

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.