Rep. Gilbert Ray Cisneros Jr. (D-CA) Buys ALGM Stock

Representative Gilbert Ray Cisneros Jr. bought shares of Allegro MicroSystems, Inc. (ALGM) on September 29, 2026, valued between $1,001 and $15,000. This transaction was reported on October 12, 2026, in accordance with the STOCK Act. Cisneros, a Democrat from California's 31st district, is serving in the House of Representatives.

Other Institutional Activity in Allegro MicroSystems

FMR, LLC reduced its stake by 1,839,947 shares, ending with 25,581,021 shares worth about $808.9 million. BlackRock Inc. added 1,394,430 shares, bringing its total to 13,889,324 shares valued at approximately $439.2 million. Invesco Ltd. increased its holdings by 4,927,022 shares, totaling 13,678,393 shares worth around $432.5 million. JPMorgan Chase & Co. grew its position by 4,071,682 shares, reaching 12,723,790 shares valued at about $402.3 million. Capital Research Global Investors trimmed its stake by 429,022 shares, now holding 12,006,396 shares worth about $379.6 million.

Allegro MicroSystems, Inc. Stock Down 0.5%

As of October 16, 2026, Allegro MicroSystems shares are trading around $32.19, which is below their 50-day moving average of $37.09 and 200-day average of $40.66. The stock is also significantly below its 52-week high of $71.77, currently sitting about 55.1% lower. However, it is above its 52-week low of $22.41 by approximately 43.6%.

Recent Earnings

Allegro MicroSystems reported trailing twelve-month revenue of approximately $945.9 million, with an earnings per share (EPS) of $0.06. The company has a return on equity (ROE) of 1.5% and a net margin of 1.5%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Allegro MicroSystems, Inc.

In recent insider trading, Officer Troy Coleman sold 4,500 shares at an average price of $45.72 on May 22, 2026, totaling about $205,740. Officer Richard Madormo sold 5,000 shares at $52.72 on June 3, 2026, valued at approximately $263,600. Officer Erin Hagen sold 2,285 shares at $44.39 on August 10, 2026, totaling about $101,431. Director Jennie Raubacher sold 1,000 shares at $45.32 on August 17, 2026, worth around $45,320.

Analysts Set New Price Targets

On July 30, 2026, Needham maintained a 'Buy' rating with a price target of $57.00. Mizuho also maintained an 'Outperform' rating with a target of $58.00 on July 31, 2026. Morgan Stanley kept its 'Overweight' rating with a target of $52.00, and TD Cowen maintained a 'Buy' rating with a target of $48.00. Benchmark initiated coverage with a 'Buy' rating and a price target of $60.00 on August 13, 2026. The consensus rating for Allegro MicroSystems is 'strong buy', with a mean price target of $54.42 from 12 analyst opinions.

About Allegro MicroSystems

Allegro MicroSystems, Inc. designs and manufactures sensor integrated circuits and power ICs for applications in motion control and power management. Headquartered in Manchester, NH, Allegro serves the technology sector, particularly the semiconductor industry. The company has about 4,250 employees and is focused on innovative solutions for complex electromechanical systems.

Bottom Line

Investors will be looking for Allegro MicroSystems' next earnings report on October 29, 2026. The recent purchase by Rep. Gilbert Ray Cisneros Jr. adds to ongoing interest in the company's performance and stock movements. Further disclosures may follow as new trades are reported under the STOCK Act.