Allegro MicroSystems (ALGM) is up 8.7% today. Here is some analysis on what might have caused this price movement. ([marketscreener.com](https://www.marketscreener.com/news/rbc-initiates-allegro-microsystems-at-outperform-with-50-price-target-ce785ddade8ff423?utm_source=openai))
Analysis: The clearest catalyst appears to be a fresh Wall Street initiation that started ALGM at Outperform with a $50 price target, which likely helped re-rate the shares higher. The move was probably amplified by a broader semiconductor rally after a softer U.S. jobs report improved risk appetite for growth stocks and eased near-term rate-hike concerns. ([marketscreener.com](https://www.marketscreener.com/news/rbc-initiates-allegro-microsystems-at-outperform-with-50-price-target-ce785ddade8ff423?utm_source=openai))
Details:
Sources:
MarketScreener, Allegro MicroSystems, AP News
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$ALGM Insider Trading Activity
$ALGM insiders have traded $ALGM stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:
- MICHAEL DOOGUE (President and CEO) sold 30,089 shares for an estimated $1,421,250
- SUSAN D LYNCH sold 16,711 shares for an estimated $759,625
- SHARON BRIANSKY (SVP, GC and Secretary) sold 8,948 shares for an estimated $425,379
- RICHARD MADORMO (SVP, Worldwide Sales) sold 5,000 shares for an estimated $263,600
- ROALD GRAHAM WEBSTER (VP, Chief Accounting Officer) sold 5,217 shares for an estimated $234,165
- IAN KENT (SVP, Global Operations) sold 2,642 shares for an estimated $109,801
- ERIN HAGEN (SVP, CHRO) sold 2,285 shares for an estimated $101,431
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ALGM Hedge Fund Activity
We have seen 206 institutional investors add shares of $ALGM stock to their portfolio, and 140 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 12,723,790 shares (+inf%) to their portfolio in Q2 2026, for an estimated $885,830,259
- INVESCO LTD. added 4,926,912 shares (+56.3%) to their portfolio in Q2 2026, for an estimated $343,011,613
- PRICE T ROWE ASSOCIATES INC /MD/ added 3,596,489 shares (+3160.4%) to their portfolio in Q2 2026, for an estimated $250,387,564
- FMR LLC removed 1,840,185 shares (-6.7%) from their portfolio in Q2 2026, for an estimated $128,113,679
- BLACKROCK, INC. added 1,394,456 shares (+11.2%) to their portfolio in Q2 2026, for an estimated $97,082,026
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,374,198 shares (+1983.1%) to their portfolio in Q2 2026, for an estimated $95,671,664
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,360,525 shares (+inf%) to their portfolio in Q2 2026, for an estimated $94,719,750
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$ALGM Analyst Ratings
Wall Street analysts have issued reports on $ALGM in the last several months. We have seen 2 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 05/08/2026
- Needham issued a "Buy" rating on 05/07/2026
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 $55.0.
Here are some recent targets:
- Vijay Rakesh from Mizuho set a target price of $67.0 on 06/29/2026
- Joshua Buchalter from TD Cowen set a target price of $70.0 on 06/22/2026
- Mark Lipacis from Evercore ISI Group set a target price of $53.0 on 05/08/2026
- Tom O'Malley from Barclays set a target price of $48.0 on 05/08/2026
- Joseph Quatrochi from Wells Fargo set a target price of $56.0 on 05/08/2026
- Timothy Arcuri from UBS set a target price of $55.0 on 05/08/2026
- N. Quinn Bolton from Needham set a target price of $55.0 on 05/07/2026
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
