Allegro MicroSystems (ALGM) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Allegro MicroSystems (NASDAQ: ALGM):

• 5/9/2025 – Allegro MicroSystems had its price target raised by analysts at Barclays PLC from $22.00 to $23.00. They now have an “overweight” rating on the stock.
• 5/9/2025 – Allegro MicroSystems had its price target raised by analysts at UBS Group AG from $22.00 to $25.00. They now have a “buy” rating on the stock.
• 5/9/2025 – Allegro MicroSystems had its price target lowered by analysts at Needham & Company LLC from $30.00 to $25.00. They now have a “buy” rating on the stock.
• 4/29/2025 – Allegro MicroSystems had its price target lowered by analysts at UBS Group AG from $30.00 to $22.00. They now have a “buy” rating on the stock.
• 4/22/2025 – Allegro MicroSystems had its price target lowered by analysts at Barclays PLC from $30.00 to $22.00. They now have an “overweight” rating on the stock.
• 3/24/2025 – Allegro MicroSystems had its price target raised by analysts at Mizuho from $28.00 to $31.00. They now have an “outperform” rating on the stock.

Allegro MicroSystems Trading Down 1.4%

Shares of ALGM stock traded down $0.39 during mid-day trading on Monday, reaching $27.12. The stock had a trading volume of 1,866,161 shares, compared to its average volume of 2,576,748. Allegro MicroSystems, Inc. has a 52-week low of $16.38 and a 52-week high of $33.26. The company has a current ratio of 4.91, a quick ratio of 3.00 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $22.58 and its two-hundred day moving average price is $22.87. The firm has a market capitalization of $4.99 billion, a PE ratio of -77.49 and a beta of 1.57.

Allegro MicroSystems (NASDAQ:ALGM) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $192.82 million during the quarter, compared to analysts’ expectations of $185.35 million. Allegro MicroSystems had a positive return on equity of 4.31% and a negative net margin of 8.45%. Allegro MicroSystems’s revenue for the quarter was down 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts expect that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Allegro MicroSystems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in Allegro MicroSystems by 63.7% in the first quarter. Fifth Third Bancorp now owns 1,295 shares of the company’s stock valued at $33,000 after buying an additional 504 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Allegro MicroSystems by 68.6% in the first quarter. UMB Bank n.a. now owns 1,420 shares of the company’s stock worth $36,000 after acquiring an additional 578 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new position in Allegro MicroSystems during the fourth quarter worth $40,000. Venturi Wealth Management LLC purchased a new stake in shares of Allegro MicroSystems in the 4th quarter valued at approximately $47,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Allegro MicroSystems in the first quarter valued at $71,000. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.