ALGM icon

Allegro MicroSystems

27.00 USD
-0.12
0.44%
Updated May 20, 2:54 PM EDT
1 day
-0.44%
5 days
2.51%
1 month
63.34%
3 months
-2.21%
6 months
34.06%
Year to date
18.37%
1 year
-10.15%
5 years
52.54%
10 years
52.54%
 

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 7,202 funds
0
Analysts bullish %
of 4 analysts

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

150% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 5 (+3) [Q1 2025]

100% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 35

32% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 79

28% more capital invested

Capital invested by funds: $3.11B [Q4 2024] → $3.96B (+$854M) [Q1 2025]

13% more funds holding

Funds holding: 254 [Q4 2024] → 286 (+32) [Q1 2025]

7.48% more ownership

Funds ownership: 77.22% [Q4 2024] → 84.7% (+7.48%) [Q1 2025]

51% less call options, than puts

Call options by funds: $38.2M | Put options by funds: $78.8M

Research analyst outlook

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

Low target
$23
15%
downside
Avg. target
$26
4%
downside
High target
$31
15%
upside

4 analyst ratings

positive
100%
neutral
0%
negative
0%
UBS
Timothy Arcuri
7%downside
$25
Buy
Maintained
9 May 2025
Barclays
Blayne Curtis
15%downside
$23
Overweight
Maintained
9 May 2025
Needham
Quinn Bolton
7%downside
$25
Buy
Maintained
9 May 2025
Mizuho
Vijay Rakesh
15%upside
$31
Outperform
Maintained
24 Mar 2025

Financial journalist opinion

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

Positive
Zacks Investment Research
1 day ago
Earnings Estimates Rising for Allegro MicroSystems (ALGM): Will It Gain?
Allegro MicroSystems (ALGM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Earnings Estimates Rising for Allegro MicroSystems (ALGM): Will It Gain?
Positive
Seeking Alpha
2 days ago
Allegro MicroSystems: Turnaround Potential Targeting $12 Billion Market Opportunity (Rating Downgrade)
Allegro MicroSystems is in a turnaround phase under new CEO Mike Doogue, focusing on innovation and SAM expansion to drive long-term growth. Recent results remain weak, but sequential improvements in sales, bookings, and inventory reductions signal early signs of recovery. The company targets double-digit sales growth, gross margins of 58%+, and operating margins of 32%+ by leveraging new products and cost innovations.
Allegro MicroSystems: Turnaround Potential Targeting $12 Billion Market Opportunity (Rating Downgrade)
Neutral
GlobeNewsWire
5 days ago
Allegro MicroSystems to Present at TD Cowen's 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29, 2025
MANCHESTER, N.H., May 15, 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 that the company will present at TD Cowen's 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29, 2025 at the InterContinental New York Barclay in New York, NY. Derek D'Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 1:15 PM ET.
Allegro MicroSystems to Present at TD Cowen's 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29, 2025
Positive
Benzinga
1 week ago
These Analysts Revise Their Forecasts On Allegro MicroSystems After Q4 Results
Allegro MicroSystems, Inc. ALGM reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.
These Analysts Revise Their Forecasts On Allegro MicroSystems After Q4 Results
Neutral
Seeking Alpha
1 week ago
Allegro MicroSystems, Inc. (ALGM) Q4 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q4 2025 Earnings Call May 8, 2025 8:30 AM ET Company Participants Jalene Hoover - Investor Relations Mike Duke - President and Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Joe Quattrochi - Wells Fargo Gary Mobley - Loop Capital Chris Caso - Wolfe Research Joshua Buchalter - TD Cowen Vijay Rakesh - Mizuho Quinn Bolton - Needham & Company Joseph Moore - Morgan Stanley Operator Good morning and welcome to the Allegro MicroSystems Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
Allegro MicroSystems, Inc. (ALGM) Q4 2025 Earnings Call Transcript
Positive
Zacks Investment Research
1 week ago
Allegro MicroSystems, Inc. (ALGM) Beats Q4 Earnings and Revenue Estimates
Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.25 per share a year ago.
Allegro MicroSystems, Inc. (ALGM) Beats Q4 Earnings and Revenue Estimates
Neutral
GlobeNewsWire
1 week ago
Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2025 Results
MANCHESTER, N.H., May 08, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its fourth quarter and full fiscal year ended March 28, 2025.
Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2025 Results
Neutral
GlobeNewsWire
1 month 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
1 month 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
1 month 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
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