ALGM (Allegro MicroSystems, Inc. Common Stock) Stock Analysis - News

Allegro MicroSystems, Inc. Common Stock (ALGM) is a publicly traded Technology sector company. As of May 21, 2026, ALGM trades at $44.33 with a market cap of $7.66B and a P/E ratio of -632.01. ALGM moved +6.45% today. Year to date, ALGM is +55.82%; over the trailing twelve months it is +62.62%. Its 52-week range spans $16.38 to $51.40. Analyst consensus is strong buy with an average price target of $52.78. Rallies surfaces ALGM's financials, insider trades, hedge fund holdings, congressional trades, analyst ratings, and AI-generated research below.

What changed in ALGM news today?

Allegro MicroSystems Adds Ex-Cognex CEO Robert Willett to Board: Allegro MicroSystems appointed Robert J. Willett, former Cognex CEO with 14 years at the machine vision firm, as an independent director effective May 13, 2026. Willett’s sensor and industrial automation expertise, along with governance roles at Clean Harbors and Formlabs, bolsters Allegro’s global expansion in xEV, ADAS and AI.

ALGM Key Metrics

Key financial metrics for ALGM
MetricValue
Price$44.33
Market Cap$7.66B
P/E Ratio-632.01
EPS$-0.07
Dividend Yield0.00%
52-Week High$51.40
52-Week Low$16.38
Volume0
Avg Volume0
Revenue (TTM)$839.73M
Net Income$-12.96M
Gross Margin44.96%

Latest ALGM News

Recent ALGM Insider Trades

  • Lynch Susan D sold 16.71K (~$759.63K) on May 14, 2026.
  • Briansky Sharon sold 8.95K (~$425.38K) on May 11, 2026.
  • Doogue Michael sold 30.09K (~$1.42M) on May 11, 2026.

ALGM Analyst Consensus

9 analysts cover ALGM: 0 strong buy, 9 buy, 0 hold, 0 sell, 0 strong sell. Consensus rating is strong buy. Average price target: $52.78.

Common questions about ALGM

What changed in ALGM news today?
Allegro MicroSystems Adds Ex-Cognex CEO Robert Willett to Board: Allegro MicroSystems appointed Robert J. Willett, former Cognex CEO with 14 years at the machine vision firm, as an independent director effective May 13, 2026. Willett’s sensor and industrial automation expertise, along with governance roles at Clean Harbors and Formlabs, bolsters Allegro’s global expansion in xEV, ADAS and AI.
Does Rallies summarize ALGM news?
Yes. Rallies summarizes ALGM news with ticker-specific context, catalysts, source links, and AI-generated market summaries when news is available.
Is ALGM research on Rallies investment advice?
No. Rallies provides research, data, and educational context for ALGM. It does not provide personalized investment advice.
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