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Allegro MicroSystems
ALGM

$26.09
1.21%
 

About: Allegro Microsystems Inc is a designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the critical emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor IC allow customers to precisely measure motion, speed, position and current. At the same time, its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE which include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE which include Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC and Stepper Driver.

Employees: 4,687

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 4 (+2) [Q4]

16% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 93

0.86% less ownership

Funds ownership: 50.88% [Q3] → 50.02% (-0.86%) [Q4]

2% less capital invested

Capital invested by funds: $2.97B [Q3] → $2.91B (-$55.9M) [Q4]

10% less funds holding

Funds holding: 309 [Q3] → 279 (-30) [Q4]

16% less call options, than puts

Call options by funds: $62.9M | Put options by funds: $75.3M

37% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 82

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$35
34%
upside
Avg. target
$39
49%
upside
High target
$44
69%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
Evercore ISI Group
Mark Lipacis
38%upside
$36
Outperform
Initiated
16 Apr 2024
Needham
Quinn Bolton
53%upside
$40
Buy
Maintained
2 Feb 2024
Wolfe Research
Chris Caso
34%upside
$35
Outperform
Upgraded
2 Feb 2024
Needham
Quinn Bolton
69%upside
$44
Buy
Maintained
3 Nov 2023

Financial journalist opinion

Based on 7 articles about ALGM published over the past 30 days