Roald Graham Webster Sells 8,266 Shares of Allegro MicroSystems (NASDAQ:ALGM) Stock

Key Points

• Roald Graham Webster, the CAO of Allegro MicroSystems, sold 8,266 shares of the company's stock at an average price of $32.81, reducing his ownership by 32.33%.
• Allegro MicroSystems reported $203.41 million in revenue for the last quarter, exceeding analyst expectations and marking a 21.9% year-over-year increase.
• Brokerages have varied outlooks on Allegro MicroSystems, with target prices ranging from $25 to $42 and a consensus rating of "Moderate Buy" at a target of $37.56.

Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) CAO Roald Graham Webster sold 8,266 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $32.81, for a total transaction of $271,207.46. Following the completion of the transaction, the chief accounting officer owned 17,300 shares of the company's stock, valued at approximately $567,613. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Allegro MicroSystems Stock Down 1.2%

Shares of NASDAQ ALGM traded down $0.37 on Monday, reaching $31.76. 842,225 shares of the company's stock traded hands, compared to its average volume of 2,763,906. The business's 50 day simple moving average is $33.28 and its two-hundred day simple moving average is $27.42. Allegro MicroSystems, Inc. has a 12 month low of $16.38 and a 12 month high of $38.45. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -85.84 and a beta of 1.74. The company has a quick ratio of 2.26, a current ratio of 3.70 and a debt-to-equity ratio of 0.34.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Allegro MicroSystems had a positive return on equity of 2.09% and a negative net margin of 9.00%.The firm had revenue of $203.41 million for the quarter, compared to analysts' expectations of $197.82 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company's quarterly revenue was up 21.9% on a year-over-year basis. Allegro MicroSystems has set its Q2 2026 guidance at 0.100-0.140 EPS. As a group, equities research analysts forecast that Allegro MicroSystems, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALGM. TD Cowen dropped their target price on shares of Allegro MicroSystems from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Needham & Company LLC upped their target price on shares of Allegro MicroSystems from $25.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and issued a $42.00 target price (up from $33.00) on shares of Allegro MicroSystems in a research report on Wednesday, July 16th. Zacks Research raised shares of Allegro MicroSystems to a "hold" rating in a research note on Monday, August 11th. Finally, Mizuho raised their price objective on Allegro MicroSystems from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Allegro MicroSystems presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.56.

Institutional Investors Weigh In On Allegro MicroSystems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Allegro MicroSystems by 63.7% in the first quarter. Fifth Third Bancorp now owns 1,295 shares of the company's stock valued at $33,000 after acquiring an additional 504 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Allegro MicroSystems by 68.6% in the 1st quarter. UMB Bank n.a. now owns 1,420 shares of the company's stock valued at $36,000 after purchasing an additional 578 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Allegro MicroSystems in the 4th quarter worth approximately $40,000. DekaBank Deutsche Girozentrale bought a new position in shares of Allegro MicroSystems during the first quarter valued at approximately $71,000. Finally, Nisa Investment Advisors LLC raised its stake in Allegro MicroSystems by 158.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,210 shares of the company's stock worth $76,000 after buying an additional 1,356 shares in the last quarter. 56.45% of the stock is owned by institutional investors.

Allegro MicroSystems Company Profile

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.

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