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Benchmark initiated coverage on Allegro Microsystems (ALGM) with a Buy rating and a $60 price target, anticipating future growth driven by the automotive sector. Shares of ALGM saw a 1.9% increase in premarket trading following the news. The investment firm believes Allegro Microsystems is …
Erin Hagen, SVP of Allegro MicroSystems (NASDAQ:ALGM), sold 2,285 shares of the company's stock for $101,431.15, reducing her direct holdings by 6.85%. This transaction comes as Allegro MicroSystems reported strong quarterly earnings, beating estimates with $0.23 EPS and a 27.5% year-over-year revenue increase. The …
This article reports on an SEC Form 144 filing by ALLEGRO MICROSYSTEMS, INC. (ALGM) on August 10, 2026. The filing indicates a proposed sale of 2285 shares of common stock, acquired through restricted stock vesting on May 16, 2026, with an aggregate market value …
The California State Teachers Retirement System significantly increased its stake in Allegro MicroSystems (NASDAQ:ALGM) by 21.8% in the first quarter, bringing its total holdings to 149,826 shares. This move comes as institutional investors collectively own 56.45% of the company, and Allegro MicroSystems reported strong …
Renaissance Technologies LLC significantly reduced its stake in Allegro MicroSystems (NASDAQ:ALGM) by 71.6% in the first quarter, selling 312,300 shares and retaining 123,900 shares valued at approximately $3.9 million. Despite this reduction, institutional investors collectively hold 56.45% of the company's stock. Analysts generally maintain …
Quantinno Capital Management LP significantly increased its stake in Allegro MicroSystems (ALGM) by 104.9% during the first quarter, now owning 133,902 shares valued at approximately $4.2 million. Despite this institutional buying and a "Moderate Buy" consensus rating from analysts, company insiders have recently sold …
Allegro Microsystems (ALGM) has granted 4,251 shares of common stock to non-employee director Mary G. Puma as part of her annual equity compensation. This award, fully vested and unrestricted, increases her direct holdings to 21,734 shares. The transaction, reported on August 5, 2026, was …
Allegro Microsystems (ALGM) director Joseph R. Martin was
This article reports on Allegro Microsystems Inc.'s Form 8K filing for August 7th. The brief notice highlights the company and its stock performance, noting a 3.11% increase. The content is primarily a placeholder for financial news, surrounded by various market data.
Allegro MicroSystems (NASDAQ: ALGM) shareholders elected three Class III Directors, ratified the appointment of PricewaterhouseCoopers LLP as their independent accounting firm for fiscal year 2027, and approved the company's executive compensation on an advisory basis. These decisions were made during the company's Annual Meeting …
FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 13.7% in Allegro MicroSystems, Inc. (ALGM) common stock through an amended Schedule 13G filing. This amounts to 25,581,021.49 shares, with both FMR LLC and Abigail P. Johnson holding sole dispositive power over …
Allegro MicroSystems (ALGM) reported a significant turnaround in Q1 2026, moving from a loss to a net income of US$15.87 million on sales of US$259.24 million, and provided strong Q2 guidance projecting 26% year-over-year sales growth. This performance, driven by its sensor and power …
This article provides a comprehensive overview of Allegro MicroSystems, Inc. (ALGM) stock, including its current price, pre-market activity, historical performance, and key financial metrics. It details the company's business in semiconductor design for automotive and industrial markets, presents recent earnings trends, analyst ratings, and …
Allegro MicroSystems (ALGM) has significantly outperformed the Computer and Technology sector this year, with a 57.4% return compared to the sector's 14.6% gain. The company, which holds a Zacks Rank #2 (Buy), also shows stronger performance within its specific industry, Electronics - Semiconductors. Fortinet …
Sei Investments Co. significantly increased its stake in Allegro MicroSystems (NASDAQ:ALGM) by 126% in Q1, acquiring an additional 122,065 shares. Institutional investors now own 56.45% of the company, while insiders sold shares totaling $3.2 million. Analysts maintain a positive outlook with a "Moderate Buy" …
Wall Street Zen upgraded Allegro MicroSystems (ALGM) from "Hold" to "Buy," though the overall analyst consensus remains a "Moderate Buy" with an average price target of $52.80. Allegro surpassed quarterly earnings and revenue expectations, reporting $0.23 EPS and $259.24 million in revenue, leading to …
Segall Bryant & Hamill LLC reduced its stake in Allegro MicroSystems (NASDAQ:ALGM) by 16.3% in the first quarter, selling over 203,000 shares but still retaining a significant holding. Despite this institutional selling, Allegro MicroSystems exceeded quarterly expectations with strong revenue growth and positive guidance, …
Allegro MicroSystems' Q1 2027 results showed a strong return to profitability with increased revenue and gross margins, driven by growth in automotive and data center segments. Despite these positive fundamentals and optimistic growth forecasts, the stock price has fallen 34% over the past month, …
BlackRock, Inc. increased its stake in Allegro Microsystems Inc (ALGM) by purchasing 319,172 additional shares at $69.62 each, despite the stock subsequently dropping by over 40%. The semiconductor company, which serves automotive and industrial sectors, holds a GF Score of 85, indicating strong outperformance …
Mizuho has lowered its price target for Allegro MicroSystems (NASDAQ:ALGM) to $58.00 from $67.00, while maintaining an "outperform" rating, indicating a potential upside of 37.64%. The company recently exceeded quarterly earnings expectations with $0.23 EPS and $259.24 million in revenue, driven by strong data-center …
Allegro MicroSystems (ALGM) stock initially dropped 2.2% despite reporting strong fiscal first-quarter 2027 results and positive guidance, then recovered some losses. The volatility is attributed to a recent announcement of new U.S. tariffs on 60 trading partners, impacting the global semiconductor supply chain and …
Allegro MicroSystems, Inc. ALGM highlighted accelerating demand from AI data centers, electrification and automation during its first-quarter fiscal 2027 earnings call, with management pointing to expanding design wins and backlog growth. Executives emphasized that higher-value content opportunities in data centers, electric vehicles and robotics …
Allegro MicroSystems reported strong first-quarter fiscal 2027 results, with net sales reaching $259.2 million and diluted earnings per share of $0.08. This performance was driven by robust demand across automotive and industrial markets, along with significant growth in power IC and magnetic sensor sales. …
Allegro MicroSystems reported significant growth for the quarter ending June 26, 2026, with total net sales increasing by 27.5% to $259.2 million and net income reaching $15.9 million, a substantial improvement from a net loss in the prior year. This growth was driven by …
Allegro MicroSystems (NASDAQ: ALGM) reported a significant return to profitability in Q1 2027, with net sales increasing 27.5% year-over-year to $259.2 million and net income reaching $15.9 million, compared to a loss in the prior year. This growth was fueled by strong demand in …
Allegro MicroSystems (ALGM) reported strong fiscal Q1 results with US$259.24 million in sales and US$15.87 million in net income, alongside positive guidance, yet its stock has seen a significant pullback recently. Despite the short-term decline, year-to-date and one-year returns remain strong, prompting a debate …
TD Cowen has reiterated its Buy rating for Allegro Microsystems (ALGM.US) but has lowered the price target to $48 from the previous target of $52. This adjustment reflects an updated valuation by the firm while maintaining a positive outlook on the company's stock.
First Trust Advisors LP reduced its stake in Allegro MicroSystems (ALGM) by 7.6% but still holds 414,897 shares valued at $13.08 million. The company recently exceeded Q1 earnings expectations with EPS of $0.23 and revenue of $259.24 million, and analysts maintain a generally positive …
Allegro MicroSystems, Inc. (ALGM) published its Q1 2027 earnings call presentation. The company reported EPS of $0.23, beating estimates by $0.02, and revenue of $259.24 million, which was up 27.45% year-over-year and beat estimates by $7.51 million. This article provides access to the slide …
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