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Allegro MicroSystems

19.07 USD
+0.31
1.65%
At close Apr 30, 4:00 PM EDT
After hours
19.07
+0.00
0.00%
1 day
1.65%
5 days
5.59%
1 month
-24.11%
3 months
-20.54%
6 months
-14.18%
Year to date
-16.40%
1 year
-35.77%
5 years
7.74%
10 years
7.74%
 

About: Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories such as SENSE which includes Current Sensors, Switches and Latches, and Interface ICs among others; REGULATE which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC, and others. Key revenue for the company is generated from Greater China and the rest from the United States, Japan, Europe, and other regions.

Employees: 4,593

0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 5 analysts

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

75% more call options, than puts

Call options by funds: $29.9M | Put options by funds: $17.1M

28% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 40

13.74% more ownership

Funds ownership: 63.48% [Q3] → 77.22% (+13.74%) [Q4]

4% more funds holding

Funds holding: 245 [Q3] → 254 (+9) [Q4]

6% less capital invested

Capital invested by funds: $3.29B [Q3] → $3.11B (-$186M) [Q4]

26% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 106

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$22
15%
upside
Avg. target
$26
34%
upside
High target
$31
63%
upside

5 analyst ratings

positive
80%
neutral
20%
negative
0%
UBS
Timothy Arcuri
35% 1-year accuracy
12 / 34 met price target
15%upside
$22
Buy
Maintained
29 Apr 2025
Barclays
Blayne Curtis
18% 1-year accuracy
10 / 56 met price target
15%upside
$22
Overweight
Maintained
22 Apr 2025
Mizuho
Vijay Rakesh
22% 1-year accuracy
15 / 68 met price target
63%upside
$31
Outperform
Maintained
24 Mar 2025
Needham
Quinn Bolton
21% 1-year accuracy
31 / 146 met price target
57%upside
$30
Buy
Reiterated
24 Feb 2025
Morgan Stanley
Joseph Moore
42% 1-year accuracy
26 / 62 met price target
21%upside
$23
Equal-Weight
Maintained
3 Feb 2025

Financial journalist opinion

Based on 6 articles about ALGM published over the past 30 days

Neutral
GlobeNewsWire
1 week ago
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2025 Financial Results
MANCHESTER, N.H., April 17, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2025 prior to the market open on Thursday, May 8, 2025. Following the press release, Mike Doogue, President and Chief Executive Officer, and Derek D'Antilio, Executive Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2025 Financial Results
Neutral
GlobeNewsWire
2 weeks ago
Allegro Issues Statement
MANCHESTER, N.H., April 15, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ: ALGM) ("Allegro" or the "Company") today issued the following statement regarding Onsemi's withdrawal of its unsolicited proposal to acquire Allegro:
Allegro Issues Statement
Neutral
GlobeNewsWire
2 weeks ago
Allegro MicroSystems: Revolutionizing Clean Energy Generation, Distribution and Storage with New XtremeSense TMR Current Sensors
MANCHESTER, N.H., April 14, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of its latest XtremeSense™ TMR current sensors.
Allegro MicroSystems: Revolutionizing Clean Energy Generation, Distribution and Storage with New XtremeSense TMR Current Sensors
Negative
Reuters
2 weeks ago
Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems
U.S chipmaker Onsemi said on Monday it was withdrawing its $6.9 billion offer for Allegro MicroSystems , a month after the semiconductor solutions provider rebuffed the latest offer from its larger rival.
Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems
Neutral
Business Wire
2 weeks ago
onsemi Withdraws Proposal to Acquire Allegro MicroSystems
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share. While onsemi continues to believe that a combination of these companies would have brought two highly complementary businesses together, benefiting their respective customers and delivering immediate value to Allegro shareholders, onsemi has determin.
onsemi Withdraws Proposal to Acquire Allegro MicroSystems
Neutral
GlobeNewsWire
3 weeks ago
Allegro MicroSystems Expands Motor Control and Thermal Management Solutions to Capitalize on Growing e-Mobility and Automation Markets
New current sensors and fan driver ICs deliver improved performance and energy efficiency for automotive and industrial applications New current sensors and fan driver ICs deliver improved performance and energy efficiency for automotive and industrial applications
Allegro MicroSystems Expands Motor Control and Thermal Management Solutions to Capitalize on Growing e-Mobility and Automation Markets
Positive
Benzinga
1 month ago
ON Semi Joins Top Chip Picks As Tesla Gains And Allegro Deal Signal Upside
Following his industry update report, BofA Securities analyst Vivek Arya spotlighted his three diversified semiconductor top picks on Friday.
ON Semi Joins Top Chip Picks As Tesla Gains And Allegro Deal Signal Upside
Neutral
GlobeNewsWire
1 month ago
Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of Worldwide Sales
MANCHESTER, N.H., March 12, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Rick Madormo as Senior Vice President of Worldwide Sales, effective March 24, 2025.
Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of Worldwide Sales
Negative
Investors Business Daily
1 month ago
Allegro MicroSystems Stock Down Since Spurning Buyout Deal
A week after Allegro MicroSystems rejected a buyout proposal from Onsemi, ALGM stock is trading well below the takeout price. The post Allegro MicroSystems Stock Down Since Spurning Buyout Deal appeared first on Investor's Business Daily.
Allegro MicroSystems Stock Down Since Spurning Buyout Deal
Negative
Investopedia
1 month ago
Allegro Stock Jumps as Chip Maker Rejects Onsemi's $35.10 Per Share Bid
Shares of power chips maker Allegro Microsystems (ALGM) jumped Thursday in intraday trading after it rejected the latest bid by its larger rival ON Semiconductor (ON), also known as Onsemi, describing the offer as "inadequate."
Allegro Stock Jumps as Chip Maker Rejects Onsemi's $35.10 Per Share Bid
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