Analysts Set Allegro MicroSystems, Inc. (NASDAQ:ALGM) Price Target at $38.78

by · The Cerbat Gem

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.7778.

ALGM has been the topic of several recent research reports. UBS Group raised their price target on Allegro MicroSystems from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Barclays raised their target price on Allegro MicroSystems from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Mizuho set a $38.00 price target on shares of Allegro MicroSystems in a report on Tuesday, December 16th. Cowen reaffirmed a “buy” rating on shares of Allegro MicroSystems in a report on Friday, October 31st. Finally, Evercore ISI lifted their price objective on shares of Allegro MicroSystems from $37.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, October 31st.

Get Our Latest Report on Allegro MicroSystems

Allegro MicroSystems Trading Up 2.0%

Allegro MicroSystems stock opened at $26.91 on Thursday. Allegro MicroSystems has a 1 year low of $16.38 and a 1 year high of $38.45. The firm’s 50-day moving average is $26.95 and its 200-day moving average is $30.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.48 and a current ratio of 3.89. The company has a market cap of $4.98 billion, a P/E ratio of -168.19 and a beta of 1.61.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The firm had revenue of $214.29 million for the quarter, compared to analyst estimates of $210.75 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. Allegro MicroSystems’s quarterly revenue was up 14.4% on a year-over-year basis. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. On average, equities analysts expect that Allegro MicroSystems will post 0.01 earnings per share for the current year.

Institutional Trading of Allegro MicroSystems

Several large investors have recently added to or reduced their stakes in ALGM. PNC Financial Services Group Inc. grew its stake in shares of Allegro MicroSystems by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 14,713 shares of the company’s stock worth $430,000 after purchasing an additional 381 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Allegro MicroSystems by 29.2% in the 2nd quarter. UMB Bank n.a. now owns 1,835 shares of the company’s stock worth $63,000 after buying an additional 415 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Allegro MicroSystems by 86.9% during the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock valued at $26,000 after buying an additional 419 shares in the last quarter. Advisors Asset Management Inc. raised its position in Allegro MicroSystems by 2.1% in the third quarter. Advisors Asset Management Inc. now owns 22,499 shares of the company’s stock worth $657,000 after acquiring an additional 466 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Allegro MicroSystems by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 200,781 shares of the company’s stock valued at $6,865,000 after purchasing an additional 668 shares in the last quarter. 56.45% of the stock is currently owned by institutional investors and hedge funds.

About Allegro MicroSystems

(Get Free Report)

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.

Featured Stories