Allegro MicroSystems (NASDAQ:ALGM) Price Target Raised to $45.00

Allegro MicroSystems (NASDAQ:ALGM) had its price objective boosted by TD Cowen from $38.00 to $45.00 in a report published on Friday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Bank of America lifted their price objective on Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Wall Street Zen upgraded Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Evercore ISI boosted their price target on Allegro MicroSystems from $37.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Barclays lifted their target price on shares of Allegro MicroSystems from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Allegro MicroSystems in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Allegro MicroSystems presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $36.91 on Friday. The company has a market capitalization of $6.83 billion, a PE ratio of -461.38 and a beta of 1.63. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.39 and a current ratio of 3.65. The company’s 50 day moving average price is $29.28 and its 200 day moving average price is $29.75. Allegro MicroSystems has a 52 week low of $16.38 and a 52 week high of $39.89.

Allegro MicroSystems (NASDAQ:ALGM) last issued its earnings results on Thursday, January 29th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Allegro MicroSystems had a negative net margin of 1.57% and a positive return on equity of 4.35%. The company had revenue of $229.21 million during the quarter, compared to analyst estimates of $220.78 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. Research analysts expect that Allegro MicroSystems will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegro MicroSystems

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased 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 during the period. Hantz Financial Services Inc. grew its holdings in Allegro MicroSystems by 86.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock valued at $26,000 after buying an additional 419 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Allegro MicroSystems by 2.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 22,499 shares of the company’s stock valued at $657,000 after buying an additional 466 shares during the last quarter. Retirement Systems of Alabama increased its position in Allegro MicroSystems by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 200,781 shares of the company’s stock worth $6,865,000 after buying an additional 668 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of Allegro MicroSystems by 1.8% during the third quarter. Arizona State Retirement System now owns 38,293 shares of the company’s stock worth $1,118,000 after buying an additional 685 shares during the last quarter. 56.45% of the stock is currently owned by institutional investors.

Allegro MicroSystems News Summary

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Q3 results beat expectations — Allegro reported $0.15 EPS (vs. $0.14 consensus) and $229.2M revenue (vs. ~$220.8M), with revenue up ~29% YoY; management provided revenue and EPS guidance that supported a bullish near‑term outlook. GlobeNewswire: Q3 Results
• Positive Sentiment: Multiple analyst price‑target raises — TD Cowen, Wells Fargo, Morgan Stanley and Jefferies raised targets (examples: TD Cowen and Wells Fargo to $45; Jefferies to $43), signaling institutional support and providing fresh upside narratives for traders. Benzinga: Analyst Coverage The Fly: TD Cowen Raise
• Positive Sentiment: Shares briefly rallied to multi‑year highs on the swing to profitability and the stronger sales outlook, reflecting momentum buying after the print. MSN: Stock Jumps
• Neutral Sentiment: Company guidance is roughly in line with consensus (Q4 EPS guide $0.140–$0.18; revenue $230–240M), so while supportive, it wasn’t an unambiguous upside surprise that would guarantee further multiple expansion. MSN: Guidance Details
• Neutral Sentiment: Investors can review the company presentation and full earnings call transcript for detail on product mix and end‑market exposure (automotive still dominant; data center exposure cited as a growth catalyst). Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Valuation and earnings‑quality concerns — a Seeking Alpha piece warns Allegro is “pricing in green shoots” with a demanding multiple (~8x sales) and that adjusted EPS is inflated by significant stock‑based compensation, suggesting true cash earnings are lower. That note likely prompted some profit‑taking. Seeking Alpha: Valuation Caution

About Allegro MicroSystems

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.