TD Cowen Raises Allegro MicroSystems (NASDAQ:ALGM) Price Target to $45.00

Allegro MicroSystems (NASDAQ:ALGM) had its target price raised by equities researchers at TD Cowen from $38.00 to $45.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 18.48% from the company’s previous close.

ALGM has been the subject of several other reports. Bank of America increased their price objective on Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen upgraded Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Mizuho set a $38.00 price target on shares of Allegro MicroSystems in a report on Tuesday, December 16th. Needham & Company LLC reiterated a “buy” rating on shares of Allegro MicroSystems in a research note on Thursday. Finally, Barclays boosted their target price on Allegro MicroSystems from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.22.

Allegro MicroSystems Stock Up 9.9%

ALGM stock opened at $37.98 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.89 and a quick ratio of 2.48. The firm has a market capitalization of $7.03 billion, a P/E ratio of -237.38 and a beta of 1.61. Allegro MicroSystems has a 52-week low of $16.38 and a 52-week high of $39.89. The company’s 50 day simple moving average is $29.02 and its 200-day simple moving average is $29.83.

Allegro MicroSystems (NASDAQ:ALGM) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The firm had revenue of $229.21 million during the quarter, compared to analyst estimates of $220.78 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue was up 28.9% on a year-over-year basis. As a group, equities research analysts anticipate that Allegro MicroSystems will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Allegro MicroSystems

Several hedge funds and other institutional investors have recently modified their holdings of ALGM. Capital Research Global Investors increased its position in shares of Allegro MicroSystems by 5.8% during the third quarter. Capital Research Global Investors now owns 16,824,722 shares of the company’s stock valued at $491,282,000 after purchasing an additional 920,365 shares during the period. Vanguard Group Inc. raised its position in Allegro MicroSystems by 0.6% in the third quarter. Vanguard Group Inc. now owns 14,293,465 shares of the company’s stock worth $417,369,000 after purchasing an additional 87,526 shares in the last quarter. Invesco Ltd. lifted its stake in Allegro MicroSystems by 29.3% during the second quarter. Invesco Ltd. now owns 6,254,575 shares of the company’s stock worth $213,844,000 after purchasing an additional 1,418,934 shares during the period. State Street Corp boosted its holdings in Allegro MicroSystems by 2.1% during the second quarter. State Street Corp now owns 5,193,001 shares of the company’s stock valued at $177,549,000 after purchasing an additional 108,402 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Allegro MicroSystems by 189.4% in the 2nd quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company’s stock valued at $94,360,000 after purchasing an additional 1,806,183 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

Allegro MicroSystems News Roundup

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

• Positive Sentiment: Quarterly beat — Allegro reported $0.15 EPS vs. $0.14 consensus and revenue of $229.2M vs. ~$220.8M expected; revenue was up ~28.9% year‑over‑year, signaling healthy top‑line momentum. Allegro MicroSystems (NASDAQ:ALGM) Exceeds Q4 Expectations
• Positive Sentiment: Guidance lifted/constructive — management gave Q4 EPS guidance of $0.140–0.18 and revenue guidance of $230–240M, which overlaps or tops consensus at the high end; that helped push shares higher on confidence in near‑term execution.
• Positive Sentiment: Market reaction and headlines — media coverage highlighted a “swing to profitability” and a move to a two‑year high, reinforcing momentum among growth and momentum investors. Allegro Microsystems (ALGM) jumps to 2-year high on swing to profitability, strong sales outlook
• Neutral Sentiment: Investor materials available — the company published its earnings press release, slide deck and hosted a conference call/earnings transcript for deeper detail on drivers and bookings. Allegro MicroSystems Reports Third Quarter 2026 Results
• Neutral Sentiment: Earnings call transcript published — useful for investors who want detail on product demand, ASPs, and end‑market trends. Allegro MicroSystems Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Short interest data reported as effectively negligible (data appears anomalous), so short squeezes are unlikely to be a clear driver one way or the other based on reported figures.
• Negative Sentiment: Profitability nuance — despite the EPS beat, reported metrics still show a negative net margin (per filings/aggregators), indicating GAAP profitability may be mixed and leaving room for investor scrutiny on sustainable earnings. Allegro MicroSystems earnings and financials
• Negative Sentiment: Guidance not a clear blowout — revenue range roughly in line with consensus and EPS guidance midpoint near expectations, so future upside depends on execution against the high end of the range and continued margin improvement.

Allegro MicroSystems Company Profile

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.