Allegro MicroSystems, Inc. (NASDAQ:ALGM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $51.80.

ALGM has been the subject of several research analyst reports. Needham & Company LLC raised their price objective on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho raised their price objective on shares of Allegro MicroSystems from $44.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday. Barclays raised their price objective on shares of Allegro MicroSystems from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday. Evercore restated an “outperform” rating and issued a $53.00 price objective on shares of Allegro MicroSystems in a report on Friday. Finally, Morgan Stanley upgraded shares of Allegro MicroSystems from an “equal weight” rating to an “overweight” rating and set a $51.00 target price for the company in a report on Friday, February 13th.

Hedge Funds Weigh In On Allegro MicroSystems

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. lifted its holdings in shares of 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 purchasing an additional 419 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Allegro MicroSystems during the third quarter valued at approximately $28,000. Parallel Advisors LLC lifted its holdings in shares of Allegro MicroSystems by 42.8% during the first quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock valued at $32,000 after purchasing an additional 302 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Allegro MicroSystems during the fourth quarter valued at approximately $34,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Allegro MicroSystems by 14,844.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock valued at $35,000 after purchasing an additional 1,336 shares during the last quarter. 56.45% of the stock is currently owned by hedge funds and other institutional investors.

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $48.95 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21. Allegro MicroSystems has a one year low of $21.41 and a one year high of $51.40. The company has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $32.80. The firm has a market capitalization of $9.07 billion, a PE ratio of -543.83 and a beta of 2.02.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Allegro MicroSystems had a negative net margin of 1.67% and a positive return on equity of 6.09%. The business had revenue of $243.19 million during the quarter, compared to analyst estimates of $235.94 million. During the same period last year, the business posted $0.06 earnings per share. Allegro MicroSystems’s quarterly revenue was up 26.1% compared to the same quarter last year. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, analysts anticipate that Allegro MicroSystems will post 0.69 EPS for the current fiscal year.

Trending Headlines about Allegro MicroSystems

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

• Positive Sentiment: Allegro MicroSystems beat quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $243.19 million versus $235.94 million expected, with sales up 26.1% year over year. Earnings Report and Transcript
• Positive Sentiment: The company’s Q1 2027 guidance also came in roughly in line to slightly above expectations, with EPS guidance of $0.19-$0.23 and revenue guidance of $245 million-$255 million, reinforcing confidence in near-term growth. Q4 and Fiscal 2026 Results
• Positive Sentiment: Wall Street sentiment turned more bullish, with Wells Fargo raising its target to $56 and Mizuho raising its target to $54, both implying further upside from recent trading levels. Analyst Target Raises
• Positive Sentiment: Needham also increased its target to $55 and maintained a buy rating, adding to the cluster of post-earnings upgrades and target hikes. Needham Target Raise
• Neutral Sentiment: Some market commentary noted that the shares had initially fallen after the beat-and-raise results, suggesting investors may have been focused on valuation or guidance being only in line rather than a major upside surprise. Stock Falls Despite Beat and Raise

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.