New insider activity at Allegro MicroSystems ( (ALGM) ) has taken place on August 13, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Director Richard R. Lury recently sold 7,000 shares of Allegro MicroSystems stock, amounting to a total transaction value of $222,670.
Recent Updates on ALGM stock
Allegro MicroSystems has experienced notable developments recently, with analysts adjusting their price targets due to the company’s strong financial performance and strategic growth initiatives. The firm reported a significant 22% year-over-year increase in Q1 sales, driven by robust growth in the e-Mobility and Industrial sectors. This performance led analysts like Mizuho’s Vijay Rakesh and Barclays’ Tom O’Malley to raise their price targets, citing the company’s inline quarterly results and better-than-expected performance in industrial segments. Despite facing financial headwinds and mixed signals in the automotive market, Allegro’s strategic focus on innovation and market expansion, particularly in electric vehicles and industrial automation, has been well-received. The company also reported improved gross margins and strong design win activity, reinforcing its positive outlook amidst challenges such as geopolitical issues in China.
Spark’s Take on ALGM Stock
According to Spark, TipRanks’ AI Analyst, ALGM is a Neutral.
Allegro MicroSystems’ overall stock score reflects financial challenges with declining revenue and profitability, offset by strong earnings call results and strategic growth in key segments. Technical indicators suggest bearish momentum, and valuation concerns persist due to a negative P/E ratio. The company’s strategic initiatives and innovation provide a positive outlook, but financial and market challenges weigh on the score.
To see Spark’s full report on ALGM stock, click here.
More about Allegro MicroSystems
YTD Price Performance: 39.81%
Average Trading Volume: 2,064,565
Technical Sentiment Signal: Buy
Current Market Cap: $5.9B