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

Allegro MicroSystems, Inc. (NASDAQ:ALGM) CAO Roald Graham Webster sold 5,217 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $44.88, for a total transaction of $234,138.96. Following the sale, the chief accounting officer owned 13,106 shares of the company’s stock, valued at $588,197.28. This trade represents 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 Price Performance

Shares of NASDAQ:ALGM opened at $45.95 on Friday. 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 company has a market cap of $8.51 billion, a P/E ratio of -510.50 and a beta of 2.02. Allegro MicroSystems, Inc. has a 52 week low of $22.41 and a 52 week high of $51.40. The company has a 50-day moving average price of $38.72 and a 200 day moving average price of $33.89.

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

Analyst Ratings Changes

A number of brokerages have commented on ALGM. Wells Fargo & Company increased their target price on Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, May 8th. TD Cowen boosted their price objective on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Needham & Company LLC upped their price target on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Mizuho boosted their price objective on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allegro MicroSystems has an average rating of “Moderate Buy” and an average target price of $51.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Allegro MicroSystems by 70.0% during the 1st quarter. Royal Bank of Canada now owns 117,923 shares of the company’s stock valued at $2,964,000 after purchasing an additional 48,554 shares during the period. AQR Capital Management LLC acquired a new stake in Allegro MicroSystems in the 1st quarter valued at $325,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Allegro MicroSystems by 31.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company’s stock valued at $8,911,000 after purchasing an additional 85,607 shares during the period. Prudential Financial Inc. grew its position in Allegro MicroSystems by 24.0% in the 2nd quarter. Prudential Financial Inc. now owns 15,684 shares of the company’s stock valued at $536,000 after purchasing an additional 3,040 shares during the period. Finally, First Trust Advisors LP grew its position in Allegro MicroSystems by 5.4% in the 2nd quarter. First Trust Advisors LP now owns 576,478 shares of the company’s stock valued at $19,710,000 after purchasing an additional 29,531 shares during the period. 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.