Intel stock spikes after report of possible US government stake
Allegro MicroSystems (NASDAQ:ALGM) Director Richard R. Lury sold 7,000 shares of common stock on August 12, 2025, for approximately $222,672. The shares were sold at prices ranging from $31.80 to $31.83, near the current trading price of $31.86. The $5.9 billion market cap company has shown strong momentum, gaining nearly 30% over the past six months. According to InvestingPro analysis, the stock appears overvalued at current levels.
Following the transaction, Lury directly owns 18,857 shares of Allegro MicroSystems.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission (SEC) on August 13, 2025.
In other recent news, Allegro MicroSystems reported a strong start to its fiscal year 2026, with earnings and revenue exceeding analyst forecasts. The company’s earnings per share came in at $0.09, beating the expected $0.08, and revenue reached $203.4 million, surpassing expectations by 2.77%. Following these results, Needham raised its price target for Allegro MicroSystems to $37.00, maintaining a Buy rating. Mizuho also increased its price target to $40.00, citing growth in the E-Mobility and Data Center segments, and maintained an Outperform rating. Additionally, Allegro guided its September quarter revenue to approximately $210 million, slightly above the consensus estimate of $208 million.
In related news, Kopin Corporation announced the appointment of Erich Manz as its new Chief Financial Officer. Manz replaces Rich Sneider, who is retiring after nearly three decades in the role. Manz previously served as Business Unit CFO at Allegro MicroSystems, bringing over 30 years of financial and accounting experience to his new position. These developments highlight ongoing changes and growth within both companies.
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