ALGM CEO Michael Doogue sells $1.42M in shares, first open-market sale after prior purchase that proved well-timed.
Michael Doogue, President and CEO of Allegro Microsystems, sold approximately one-tenth of his stake in a single transaction worth $1.42M. The stock is trading roughly 10% below its 52-week high after gaining significantly over the past month, putting the sale in a context of recent strength. Doogue's track record at this company shows disciplined timing—his prior open-market purchase resulted in the stock climbing notably in the following months—but this sale represents his first open-market exit in the 36-month window, shifting from accumulation to disposition. The company is unprofitable on an annual basis with significant revenue declines, though the most recent quarter showed a return to profitability and modest sequential growth, suggesting the turnaround narrative may be stabilizing. This sale by the CEO during a period of operational recovery and after proven ability to time purchases well warrants watching the near-term stock action and earnings trajectory.