Allegro MicroSystems (ALGM) – Analysts’ Weekly Ratings Updates

by · The Cerbat Gem

Allegro MicroSystems (NASDAQ: ALGM) has recently received a number of price target changes and ratings updates:

  • 8/2/2026 – Allegro MicroSystems was upgraded by Wall Street Zen from “hold” to “buy”.
  • 7/31/2026 – Allegro MicroSystems had its price target raised by Morgan Stanley from $51.00 to $52.00. They now have an “overweight” rating on the stock.
  • 7/31/2026 – Allegro MicroSystems had its price target lowered by Mizuho from $67.00 to $58.00. They now have an “outperform” rating on the stock.
  • 7/31/2026 – Allegro MicroSystems had its price target lowered by TD Cowen from $66.00 to $48.00. They now have a “buy” rating on the stock.
  • 7/30/2026 – Allegro MicroSystems had its price target raised by Needham & Company LLC from $55.00 to $57.00. They now have a “buy” rating on the stock.
  • 7/25/2026 – Allegro MicroSystems was downgraded by Wall Street Zen from “buy” to “hold”.
  • 7/20/2026 – Allegro MicroSystems was downgraded by Barclays PLC from “overweight” to “equal weight”. They now have a $48.00 price target on the stock.
  • 7/13/2026 – Allegro MicroSystems had its price target lowered by TD Cowen from $70.00 to $66.00. They now have a “buy” rating on the stock.
  • 6/29/2026 – Allegro MicroSystems had its price target raised by Mizuho from $54.00 to $67.00. They now have an “outperform” rating on the stock.
  • 6/22/2026 – Allegro MicroSystems had its price target raised by TD Cowen from $55.00 to $70.00. They now have a “buy” rating on the stock.
  • 6/21/2026 – Allegro MicroSystems was upgraded by Wall Street Zen from “hold” to “buy”.
  • 6/13/2026 – Allegro MicroSystems was downgraded by Wall Street Zen from “buy” to “hold”.

Insider Activity

In other Allegro MicroSystems news, SVP Richard Madormo sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $52.72, for a total value of $263,600.00. Following the completion of the sale, the senior vice president owned 69,687 shares of the company’s stock, valued at approximately $3,673,898.64. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sharon Briansky sold 8,948 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $47.54, for a total transaction of $425,387.92. Following the sale, the senior vice president owned 75,232 shares in the company, valued at $3,576,529.28. The trade was a 10.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 68,607 shares of company stock valued at $3,213,714 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

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.

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