Allegro MicroSystems (ALGM) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Allegro MicroSystems (NASDAQ: ALGM):

• 5/8/2026 – Allegro MicroSystems had its price target raised by UBS Group AG from $52.00 to $55.00. They now have a “buy” rating on the stock.
• 5/8/2026 – Allegro MicroSystems had its “outperform” rating reaffirmed by Evercore Inc. They now have a $53.00 price target on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Barclays PLC from $46.00 to $48.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Wells Fargo & Company from $48.00 to $56.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Allegro MicroSystems had its price target raised by Mizuho from $44.00 to $54.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Allegro MicroSystems had its “buy” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $62.00 price target on the stock.
• 5/7/2026 – Allegro MicroSystems had its price target raised by Needham & Company LLC from $45.00 to $55.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Allegro MicroSystems had its “sell (d-)” rating reaffirmed by Weiss Ratings.

Insider Buying and Selling at Allegro MicroSystems

In other news, CEO Michael Doogue sold 30,089 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $47.23, for a total value of $1,421,103.47. Following the transaction, the chief executive officer directly owned 252,797 shares in the company, valued at approximately $11,939,602.31. This represents a 10.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan D. Lynch sold 16,711 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the transaction, the director owned 12,805 shares in the company, valued at approximately $582,115.30. The trade was a 56.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 63,607 shares of company stock valued at $2,950,114. Insiders own 0.40% of the company’s stock.

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.