Form 4: Allegro MicroSystems Director Sells Over 6,800 Shares of Common Stock
Insider Transaction Report
Allegro MicroSystems, Inc. Director Richard R. Lury reported the sale of 6,849 shares of common stock for approximately $189,000, reducing his direct beneficial ownership.
Summary
- Richard R. Lury, a Director of Allegro MicroSystems, Inc. (ALGM), reported a transaction involving the company's common stock.
- On June 4, 2025, Mr. Lury disposed of 6,849 shares of common stock.
- The shares were sold at a price of $27.6005 per share.
- The total value of the shares sold amounts to approximately $189,040.60.
- Following this transaction, Mr. Lury directly beneficially owns 23,025 shares of Allegro MicroSystems, Inc. common stock.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to a director selling shares, which can be perceived as a lack of confidence, although the transaction size is not exceptionally large relative to the company's market capitalization.
Negatives
- The sale of shares by a director, while potentially for personal financial planning, can sometimes be interpreted by investors as a slightly negative signal regarding the company's near-term prospects or management's confidence.
Future Outlook
NA
Industry Context
This Form 4 filing details an individual insider transaction, which is a routine disclosure for public company directors and officers. While not directly indicative of broader industry trends, insider selling is a data point often monitored by investors within the semiconductor industry and beyond, as it can reflect individual financial planning or a director's personal view on the company's valuation.
Stakeholder Impact
- Shareholders: May interpret the director's sale as a signal, potentially influencing their perception of the stock's future performance or management's confidence, leading to increased scrutiny of the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 06/04/2025 | Date of transaction where Richard R. Lury disposed of shares. |
| 06/06/2025 | Date the Form 4 filing was signed by the attorney-in-fact for Richard R. Lury. |
Recommendation
holdKeywords
Allegro MicroSystems, ALGM, Form 4, Insider Trading, Director Sale, Stock Sale, Richard R. Lury, Semiconductor
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