Allegro MicroSystemsALGM
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
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
4 analyst ratings
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
