Allegro MicroSystems promotes Ian Kent to Senior VP of Operations and Jamie Haas to VP, Chief Technology Officer.
Quiver AI Summary
Allegro MicroSystems has announced the promotion of Ian Kent to Senior Vice President of Operations and Jamie Haas to Vice President and Chief Technology Officer. These appointments are part of the company's strategy to strengthen its senior leadership team while focusing on long-term goals. Ian Kent will oversee global manufacturing, quality, and supply chain operations, bringing extensive experience from his previous roles at Allegro, while Jamie Haas will lead the technology vision and development strategy, particularly in AI and machine learning. CEO Mike Doogue expressed confidence in their abilities to drive the company forward and enhance its innovative capabilities, bolstering Allegro's position in sectors like automotive and clean energy.
Potential Positives
- Promotion of Ian Kent to Senior Vice President, Operations, brings operational continuity and leadership experience to Allegro’s manufacturing and supply chain operations.
- Jamie Haas's promotion to Vice President, Chief Technology Officer, enhances Allegro’s technology vision and development, particularly in AI and machine learning for product advancements.
- Both promotions reflect Allegro’s commitment to strengthening its leadership team, which is critical for executing its long-term strategic goals.
Potential Negatives
- Promotion of key roles within senior leadership may indicate previous instability or dissatisfaction with existing leadership.
- Heavy reliance on forward-looking statements could suggest uncertainty about the company's immediate future performance and goals.
FAQ
Who has been promoted at Allegro MicroSystems?
Ian Kent is now Senior Vice President, Operations, and Jamie Haas is the new Vice President, Chief Technology Officer.
What are the new responsibilities of Ian Kent?
Ian Kent will oversee Allegro's worldwide manufacturing, quality, and supply chain operations.
What is Jamie Haas's role at Allegro MicroSystems?
Jamie Haas is the Chief Technology Officer, leading Allegro’s technology vision and strategic technology development.
What experience do Ian Kent and Jamie Haas bring to their new roles?
Both have over 25 years of semiconductor experience, with significant tenure at Allegro MicroSystems.
How does Allegro MicroSystems ensure quality in its technology?
Allegro's commitment to quality drives transformation across industries, reinforcing its status in “automotive grade” technology.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALGM Insider Trading Activity
$ALGM insiders have traded $ALGM stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:
- SHARON BRIANSKY (SVP, GC and Secretary) sold 27,873 shares for an estimated $836,190
- ROALD GRAHAM WEBSTER (VP, Chief Accounting Officer) sold 8,266 shares for an estimated $271,192
- RICHARD R. LURY sold 7,000 shares for an estimated $222,672
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ALGM Revenue
$ALGM had revenues of $229.2M in Q3 2026. This is an increase of 28.86% from the same period in the prior year.
You can track ALGM financials on Quiver Quantitative's ALGM stock page.
$ALGM Hedge Fund Activity
We have seen 146 institutional investors add shares of $ALGM stock to their portfolio, and 155 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 1,475,922 shares (-56.0%) from their portfolio in Q3 2025, for an estimated $43,096,922
- FRONTIER CAPITAL MANAGEMENT CO LLC removed 1,470,160 shares (-62.1%) from their portfolio in Q3 2025, for an estimated $42,928,672
- CITADEL ADVISORS LLC removed 1,187,777 shares (-78.2%) from their portfolio in Q3 2025, for an estimated $34,683,088
- SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC removed 1,154,000 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $33,696,800
- NEUBERGER BERMAN GROUP LLC removed 994,851 shares (-79.9%) from their portfolio in Q3 2025, for an estimated $29,049,649
- BALYASNY ASSET MANAGEMENT L.P. removed 973,758 shares (-66.1%) from their portfolio in Q3 2025, for an estimated $28,433,733
- INVESCO LTD. removed 942,148 shares (-15.1%) from their portfolio in Q3 2025, for an estimated $27,510,721
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ALGM Analyst Ratings
Wall Street analysts have issued reports on $ALGM in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Barclays issued a "Overweight" rating on 01/30/2026
- Needham issued a "Buy" rating on 01/30/2026
- Jefferies issued a "Buy" rating on 01/30/2026
- UBS issued a "Buy" rating on 01/30/2026
- Wells Fargo issued a "Overweight" rating on 01/30/2026
- TD Cowen issued a "Buy" rating on 10/31/2025
To track analyst ratings and price targets for $ALGM, check out Quiver Quantitative's $ALGM forecast page.
$ALGM Price Targets
Multiple analysts have issued price targets for $ALGM recently. We have seen 10 analysts offer price targets for $ALGM in the last 6 months, with a median target of $44.5.
Here are some recent targets:
- Tom O'Malley from Barclays set a target price of $46.0 on 01/30/2026
- Joshua Buchalter from TD Cowen set a target price of $45.0 on 01/30/2026
- Joseph Moore from Morgan Stanley set a target price of $45.0 on 01/30/2026
- N. Quinn Bolton from Needham set a target price of $41.0 on 01/30/2026
- Joseph Quatrochi from Wells Fargo set a target price of $45.0 on 01/30/2026
- Blayne Curtis from Jefferies set a target price of $43.0 on 01/30/2026
- Timothy Arcuri from UBS set a target price of $44.0 on 01/30/2026
Full Release
MANCHESTER, N.H., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company has promoted Ian Kent to Senior Vice President, Operations and Jamie Haas to Vice President, Chief Technology Officer.
“As we sharpen our focus on executing our long-term strategy, it is critical to backfill key roles within Allegro’s senior leadership team. These promotions are the result of thoughtful consideration, including my own experience overseeing worldwide operations and technology development. This transition reflects both continuity and strength in leadership,” said Mike Doogue, Chief Executive Officer. “Ian and Jamie are the right leaders to drive our company forward. I am incredibly confident in this team's ability to achieve our strategic goals and lead us into the future.”
Ian will be responsible for Allegro’s worldwide manufacturing, quality, and supply chain operations, including internal and external manufacturing and our assembly and test facility in the Philippines. He assumes responsibilities previously overseen by the CEO and brings deep operational continuity to this role. In addition to 25 years of experience in semiconductors, since joining Allegro in 2023, Ian has held progressively senior operations leadership roles, most recently serving as Vice President, Operations, with responsibility for global manufacturing excellence and supply chain execution.
As Vice President, Chief Technology Officer, Jamie will lead Allegro’s technology vision, strategic technology development, and AI product and tool strategy, assuming CTO responsibilities previously overseen by the CEO. Jamie brings 25 years of semiconductor design and development experience, including over 20 years at Allegro, and has been instrumental in advancing next‑generation technologies aligned with our ‘Innovation with Purpose’ strategy. His expertise and vision in AI and machine learning will be instrumental as Allegro evolves its product roadmap and enhances its chip development processes by using transformative AI capabilities, while simultaneously accelerating market-leading innovations for our customers.
About Allegro MicroSystems
Allegro MicroSystems, Inc. is leveraging more than three decades of expertise in magnetic sensing and power ICs, to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability. Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in “automotive grade” technology and a partner in our customers' success.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this press release including statements regarding our business strategy, growth opportunities, leadership priorities, and product and technology development are forward-looking statements.
Without limiting the foregoing, in some cases, you can identify forward-looking statements by terms such as “aim,” “may,” “will,” “should,” “expect,” “exploring,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “would,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “seek,” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. No forward-looking statement is a guarantee of future results, performance or achievements, and one should avoid placing undue reliance on such statements.
Forward-looking statements are based on our management’s current expectations, beliefs and assumptions and on information currently available to us. Such beliefs and assumptions may or may not prove to be correct. Additionally, such forward-looking statements are subject to a number of known and unknown risks, uncertainties and assumptions and other important factors, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended March 28, 2025, as any such factors may be updated from time to time in our Quarterly Reports on Form 10-Q and our other filings with the Securities and Exchange Commission.
All forward-looking statements speak only as of the date of this press release, and except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events, changed circumstances or otherwise.
Contact: Jalene Hoover
VP of IR & Corporate Communications
Phone: +1 512 751 6526
[email protected]