Allegro MicroSystems (NASDAQ:ALGM) Shares Purchased by Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased $1,001–$15,000 of Allegro MicroSystems stock on September 29, according to a congressional disclosure filed October 12.
• Allegro reported quarterly earnings of $0.23 per share, beating estimates of $0.21, while revenue rose 27.5% year over year to $259.24 million. The company guided for second-quarter fiscal 2027 EPS of $0.23–$0.26.
• ALGM shares opened at $33.65, well below their 52-week high of $71.77. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $53.17.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Allegro MicroSystems stock on September 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Benchmark Electronics NYSE: BHE on 10/1/2026.
• Sold $1,001 - $15,000 in shares of Oxford Industries NYSE: OXM on 9/29/2026.
• Sold $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/29/2026.
• Sold $15,001 - $50,000 in shares of ITT NYSE: ITT on 9/29/2026.
• Sold $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Cytokinetics NASDAQ: CYTK on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Ultragenyx Pharmaceutical NASDAQ: RARE on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of YETI NYSE: YETI on 9/29/2026.
• Sold $1,001 - $15,000 in shares of AtriCure NASDAQ: ATRC on 9/29/2026.

Allegro MicroSystems Trading Down 0.4%

NASDAQ ALGM opened at $33.65 on Wednesday. Allegro MicroSystems, Inc. has a fifty-two week low of $22.41 and a fifty-two week high of $71.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.33 and a current ratio of 3.70. The stock has a 50 day simple moving average of $37.36 and a two-hundred day simple moving average of $43.41. The stock has a market cap of $6.27 billion, a P/E ratio of 560.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.99.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The firm had revenue of $259.24 million for 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 business's quarterly revenue was up 27.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. On average, analysts forecast that Allegro MicroSystems, Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ALGM shares. Mizuho cut their price target on shares of Allegro MicroSystems from $67.00 to $58.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Wall Street Zen upgraded shares of Allegro MicroSystems from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Barclays lowered shares of Allegro MicroSystems from an "overweight" rating to an "equal weight" rating and set a $48.00 price objective for the company. in a report on Monday, July 20th. Benchmark assumed coverage on shares of Allegro MicroSystems in a research report on Wednesday, August 12th. They issued a "buy" rating and a $60.00 target price for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Allegro MicroSystems in a research note on Friday, October 2nd. They set an "outperform" rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.17.

Insiders Place Their Bets

In other news, SVP Erin Hagen sold 2,285 shares of Allegro MicroSystems stock in a transaction on Monday, August 10th. The shares were sold at an average price of $44.39, for a total transaction of $101,431.15. Following the transaction, the senior vice president owned 31,052 shares in the company, valued at $1,378,398.28. This trade represents a 6.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Allegro MicroSystems

A number of institutional investors have recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of Allegro MicroSystems in the second quarter worth approximately $2,247,000. Legal & General Group Plc bought a new stake in Allegro MicroSystems during the second quarter valued at approximately $11,469,000. Nippon Life Global Investors Americas Inc. purchased a new stake in Allegro MicroSystems during the second quarter valued at approximately $10,016,000. Wellington Management Group LLP increased its holdings in Allegro MicroSystems by 21.1% during the second quarter. Wellington Management Group LLP now owns 814,937 shares of the company's stock valued at $56,736,000 after buying an additional 141,841 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Allegro MicroSystems by 48.3% in the first quarter. Bank of America Corp DE now owns 855,453 shares of the company's stock worth $26,972,000 after acquiring an additional 278,798 shares during the period. Hedge funds and other institutional investors own 56.45% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Allegro MicroSystems

Allegro MicroSystems, Inc NASDAQ: ALGM develops and manufactures semiconductor solutions that enable motion, power management and energy efficiency in automotive and industrial applications. The company specializes in sensor integrated circuits and power semiconductor devices designed to monitor, control and improve the performance of electronic systems.

Its product portfolio includes magnetic sensors for detecting position, speed, current and angle, as well as power management integrated circuits, motor drivers, LED driver ICs and other application-specific solutions.

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