Allegro MicroSystems appoints Troy Coleman as Senior VP, responsible for product strategy and growth initiatives effective October 14, 2025.
Quiver AI Summary
Allegro MicroSystems, Inc. announced the appointment of Troy Coleman as Senior Vice President and General Manager of Products, effective October 14, 2025. In his new role, Coleman will oversee product portfolios and drive growth and innovation in Allegro's power and sensing solutions. CEO Mike Doogue expressed enthusiasm for Coleman's leadership and experience in scaling profitable businesses, particularly in automotive and industrial sectors. Coleman, who has over 25 years of experience in the semiconductor industry, previously held a significant position at Texas Instruments, managing a revenue-generating unit. He is keen to lead Allegro's product organization and contribute to advancements in areas like e-Mobility and clean energy.
Potential Positives
- Appointment of Troy Coleman as Senior Vice President and General Manager of Products, indicating a commitment to leadership and innovation in core power and sensing solutions.
- Troy's extensive experience in the semiconductor industry and proven track record of driving significant business growth are expected to enhance Allegro's market position.
- His focus on accelerating product introductions aligns with Allegro's growth strategies in automotive and industrial sectors, suggesting potential for increased revenue.
- The emphasis on "Innovation with Purpose" and advancements in e-Mobility, clean energy, and robotics highlights Allegro's commitment to sustainability and cutting-edge technology.
Potential Negatives
- There is no mention of how Troy Coleman will bridge any existing gaps or challenges within Allegro, which could raise concerns about the company's direction and leadership transition.
- The press release does not provide any information about the current state of Allegro's product portfolios or specific challenges the company might be facing, which could imply a lack of transparency regarding potential issues.
- While Troy's experience is highlighted, there is no indication of how Allegro plans to address competition or market pressures in the semiconductor industry, potentially exposing the company to risks in a rapidly evolving market.
FAQ
Who has been appointed as the new Senior Vice President at Allegro MicroSystems?
Troy Coleman has been appointed as Senior Vice President, General Manager, Products at Allegro MicroSystems.
When did Troy Coleman officially start his role at Allegro?
Troy Coleman officially started his role on October 14, 2025.
What are Troy Coleman's responsibilities at Allegro MicroSystems?
Troy will lead product portfolios, drive strategic growth, innovation, and market leadership in power and sensing solutions.
What notable experience does Troy Coleman bring to Allegro MicroSystems?
Troy Coleman has over 25 years of semiconductor industry experience, including leadership at Texas Instruments.
What is Allegro MicroSystems' commitment to innovation?
Allegro MicroSystems focuses on "Innovation with Purpose," enhancing automotive, clean energy, and industrial automation through advanced solutions.
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 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:
- RICHARD R. LURY has made 0 purchases and 2 sales selling 13,849 shares for an estimated $411,708.
- ROALD GRAHAM WEBSTER (VP, Chief Accounting Officer) sold 8,266 shares for an estimated $271,192
- ERIN HAGEN (SVP, CHRO) sold 5,043 shares for an estimated $157,240
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ALGM Hedge Fund Activity
We have seen 141 institutional investors add shares of $ALGM stock to their portfolio, and 169 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 4,841,556 shares (+43.8%) to their portfolio in Q2 2025, for an estimated $165,532,799
- CITADEL ADVISORS LLC removed 2,814,205 shares (-64.9%) from their portfolio in Q2 2025, for an estimated $96,217,668
- ALLIANCEBERNSTEIN L.P. added 1,806,183 shares (+189.4%) to their portfolio in Q2 2025, for an estimated $61,753,396
- MILLENNIUM MANAGEMENT LLC removed 1,723,360 shares (-71.7%) from their portfolio in Q2 2025, for an estimated $58,921,678
- FREESTONE GROVE PARTNERS LP removed 1,603,200 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $54,813,408
- INVESCO LTD. added 1,418,934 shares (+29.3%) to their portfolio in Q2 2025, for an estimated $48,513,353
- SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC removed 1,117,600 shares (-49.2%) from their portfolio in Q2 2025, for an estimated $38,210,744
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:
- Mizuho issued a "Outperform" rating on 08/01/2025
- Needham issued a "Buy" rating on 07/31/2025
- Wells Fargo issued a "Overweight" rating on 07/16/2025
- UBS issued a "Buy" rating on 06/16/2025
- B of A Securities issued a "Buy" rating on 06/16/2025
- Barclays issued a "Overweight" rating on 05/09/2025
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 7 analysts offer price targets for $ALGM in the last 6 months, with a median target of $38.0.
Here are some recent targets:
- Vivek Arya from B of A Securities set a target price of $38.0 on 09/05/2025
- Vijay Rakesh from Mizuho set a target price of $40.0 on 08/01/2025
- Joseph Moore from Morgan Stanley set a target price of $35.0 on 08/01/2025
- Blayne Curtis from Barclays set a target price of $30.0 on 08/01/2025
- Quinn Bolton from Needham set a target price of $37.0 on 07/31/2025
- Joseph Quatrochi from Wells Fargo set a target price of $42.0 on 07/16/2025
- Timothy Arcuri from UBS set a target price of $42.0 on 07/07/2025
Full Release
MANCHESTER, N.H., Oct. 14, 2025 (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 the appointment of Troy Coleman as Senior Vice President, General Manager, Products, effective October 14, 2025. Troy will be responsible for leading our product portfolios, driving strategic growth, innovation, and market leadership in our core power and sensing solutions.
"We are thrilled to welcome Troy to Allegro," said Mike Doogue, President and Chief Executive Officer. "Troy’s leadership, deep industry experience, and proven ability to grow profitable businesses at scale will be invaluable as we execute our automotive and industrial growth strategies. His ability to innovate, foster strategic relationships, and accelerate new product introductions aligns perfectly with our vision for the future.”
"I am incredibly excited to join Allegro and lead the Products organization," said Troy Coleman. "Allegro's commitment to 'Innovation with Purpose' and its leadership in sensing and power solutions resonate with me. These solutions are driving critical advancements in e-Mobility, clean energy, and robotics. I look forward to collaborating with our talented teams to accelerate our product roadmap, expand our market leadership, and deliver cutting-edge solutions.”
Troy brings over 25 years of extensive semiconductor industry experience to Allegro, with a distinguished track record of leadership and significant business growth. Most recently, Troy served as Vice President, Linear Power Business Unit at Texas Instruments, where he was responsible for over $1 billion in revenue and successfully led multiple product lines while driving innovation and market expansion. His expertise and technical acumen span Analog Mixed Signal and Power products, as well as automotive and industrial markets. Troy holds a Bachelor of Science in Electrical Engineering from Texas A&M University.
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. For additional information, please visit https://www.allegromicro.com .
Contact: Jalene Hoover
VP of IR & Corporate Communications
Phone: +1 512 751 6526
[email protected]
