--- title: "Michael Doogue Sells 30,089 Shares of Allegro MicroSystems (NASDAQ:ALGM) Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/286408530.md" description: "Allegro MicroSystems CEO Michael Doogue sold 30,089 shares of the company's stock at an average price of $47.23, totaling $1,421,103.47. This sale reduced his holdings by 10.64%, leaving him with 252,797 shares valued at approximately $11.94 million. The transaction was disclosed in a SEC filing. Allegro's stock has a market cap of $8.52 billion and a P/E ratio of -510.72. Analysts have given the stock a consensus rating of \"Moderate Buy\" with an average price target of $51.80." datetime: "2026-05-14T11:30:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286408530.md) - [en](https://longbridge.com/en/news/286408530.md) - [zh-HK](https://longbridge.com/zh-HK/news/286408530.md) --- # Michael Doogue Sells 30,089 Shares of Allegro MicroSystems (NASDAQ:ALGM) Stock Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) CEO Michael Doogue sold 30,089 shares of the firm's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $47.23, for a total transaction of $1,421,103.47. Following the completion of the transaction, the chief executive officer directly owned 252,797 shares of the company's stock, valued at approximately $11,939,602.31. This represents a 10.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. ## Allegro MicroSystems Trading Up 0.2% - Why These 3 Automotive & Industrial Chip Stocks Just Soared NASDAQ ALGM opened at $45.97 on Thursday. The company has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $33.27. The stock has a market cap of $8.52 billion, a P/E ratio of -510.72 and a beta of 2.02. Allegro MicroSystems, Inc. has a 12-month low of $22.41 and a 12-month high of $51.40. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.30. * * * * * * Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $243.19 million during the quarter, compared to analysts' expectations of $235.94 million. Allegro MicroSystems had a negative net margin of 1.67% and a positive return on equity of 6.09%. The business's quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, analysts forecast that Allegro MicroSystems, Inc. will post 0.73 earnings per share for the current year. ## Wall Street Analyst Weigh In - Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% Drops ALGM has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $62.00 price target on shares of Allegro MicroSystems in a report on Thursday, May 7th. Morgan Stanley raised shares of Allegro MicroSystems from an "equal weight" rating to an "overweight" rating and set a $51.00 target price for the company in a report on Friday, February 13th. Needham & Company LLC raised their target price on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Evercore reissued an "outperform" rating and set a $53.00 target price on shares of Allegro MicroSystems in a report on Friday, May 8th. Finally, Mizuho raised their target price on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.80. **Get Our Latest Stock Report on ALGM** ## Institutional Inflows and Outflows - Better Than NVIDIA: Top 2 Semiconductor Stocks to Watch Today Several institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its holdings in shares of Allegro MicroSystems by 42.8% during the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company's stock worth $32,000 after purchasing an additional 302 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Allegro MicroSystems by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 14,713 shares of the company's stock worth $430,000 after acquiring an additional 381 shares during the period. Hantz Financial Services Inc. raised its position in shares of Allegro MicroSystems by 86.9% in the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company's stock worth $26,000 after acquiring an additional 419 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Allegro MicroSystems by 3.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,268 shares of the company's stock worth $376,000 after acquiring an additional 419 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Allegro MicroSystems by 2.1% in the third quarter. Advisors Asset Management Inc. now owns 22,499 shares of the company's stock worth $657,000 after acquiring an additional 466 shares during the period. Hedge funds and other institutional investors own 56.45% of the company's stock. ## Allegro MicroSystems Company Profile (Get Free Report) Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro's product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components. Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide. ## Featured Articles - Five stocks we like better than Allegro MicroSystems - Oklo Stock Could Be Ready for Another Massive Run - D-Wave Earnings Looked Weak, But Investors May Be Missing This - Nebius Upside Expands as AI Feedback Loop Intensifies - Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at Allegro MicroSystems? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Allegro MicroSystems and related companies. From Our Partners Is this AI lab Elon’s SpaceX lifeline? 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