Top Executive at Allegro MicroSystems Sells Significant Stock

New insider activity at Allegro MicroSystems ( (ALGM) ) has taken place on August 5, 2025.

Erin Hagen, the Senior Vice President and Chief Human Resources Officer at Allegro MicroSystems, has recently sold 5,043 shares of the company’s stock. This transaction is valued at $157,240.

Recent Updates on ALGM stock

Allegro MicroSystems has seen recent positive developments, with analysts raising price targets due to strong financial performance and growth potential. The company reported a significant 22% year-over-year increase in sales for Q1 2026, driven by robust growth in the e-Mobility and Industrial sectors. Analysts from Mizuho and Barclays increased their price targets, citing Allegro’s inline quarter results and better-than-estimated performance, particularly in the industrial sector. The company’s strategic focus on innovation, operational efficiency, and strong design win activity in key areas like automotive and data centers has contributed to its positive outlook. Despite challenges such as mixed automotive demand signals and geopolitical issues in China, Allegro’s strong bookings, increasing backlog, and strategic initiatives are expected to support continued growth.

Spark’s Take on ALGM Stock

According to Spark, TipRanks’ AI Analyst, ALGM is a Neutral.

Allegro MicroSystems is navigating financial headwinds with declining profitability, but strong performance in recent earnings and innovation provide a positive outlook. Technical analysis reflects weak momentum, and valuation remains a concern due to negative earnings. The company’s strategic initiatives and robust segment growth are significant positives amidst the challenges.

To see Spark’s full report on ALGM stock, click here.

More about Allegro MicroSystems

YTD Price Performance: 37.05%

Average Trading Volume: 2,432,844

Technical Sentiment Signal: Buy

Current Market Cap: $5.78B