Allegro MicroSystems (NASDAQ:ALGM) Price Target Raised to $54.00 at Mizuho

Allegro MicroSystems (NASDAQ:ALGM) had its price objective increased by Mizuho from $44.00 to $54.00 in a report issued on Friday, MarketBeat reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also commented on ALGM. Barclays upped their price objective on Allegro MicroSystems from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Friday. UBS Group boosted their target price on shares of Allegro MicroSystems from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Allegro MicroSystems in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Allegro MicroSystems from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Finally, Bank of America lifted their price objective on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.80.

Allegro MicroSystems Trading Up 2.1%

Shares of ALGM stock opened at $48.95 on Friday. The firm has a 50 day moving average price of $36.43 and a two-hundred day moving average price of $32.80. The company has a quick ratio of 2.39, a current ratio of 3.45 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $9.07 billion, a PE ratio of -543.83 and a beta of 2.02. Allegro MicroSystems has a 12-month low of $21.41 and a 12-month high of $51.40.

Allegro MicroSystems (NASDAQ:ALGM) last posted its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $243.19 million for the quarter, compared to the consensus estimate of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. As a group, analysts predict that Allegro MicroSystems will post 0.69 earnings per share for the current year.

Institutional Trading of Allegro MicroSystems

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Allegro MicroSystems by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,949 shares of the company’s stock valued at $440,000 after buying an additional 2,129 shares during the period. Dimensional Fund Advisors LP increased its position in Allegro MicroSystems by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,170,487 shares of the company’s stock worth $68,399,000 after purchasing an additional 30,340 shares in the last quarter. Parallel Advisors LLC lifted its stake in Allegro MicroSystems by 42.8% in the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock valued at $32,000 after purchasing an additional 302 shares during the last quarter. KBC Group NV boosted its position in Allegro MicroSystems by 24.0% in the first quarter. KBC Group NV now owns 4,581 shares of the company’s stock valued at $144,000 after buying an additional 887 shares in the last quarter. Finally, SEB Asset Management AB acquired a new stake in Allegro MicroSystems in the first quarter valued at approximately $246,000. 56.45% of the stock is owned by institutional investors and hedge funds.

Allegro MicroSystems News Summary

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

• Positive Sentiment: Allegro MicroSystems beat quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $243.19 million versus $235.94 million expected, with sales up 26.1% year over year. Earnings Report and Transcript
• Positive Sentiment: The company’s Q1 2027 guidance also came in roughly in line to slightly above expectations, with EPS guidance of $0.19-$0.23 and revenue guidance of $245 million-$255 million, reinforcing confidence in near-term growth. Q4 and Fiscal 2026 Results
• Positive Sentiment: Wall Street sentiment turned more bullish, with Wells Fargo raising its target to $56 and Mizuho raising its target to $54, both implying further upside from recent trading levels. Analyst Target Raises
• Positive Sentiment: Needham also increased its target to $55 and maintained a buy rating, adding to the cluster of post-earnings upgrades and target hikes. Needham Target Raise
• Neutral Sentiment: Some market commentary noted that the shares had initially fallen after the beat-and-raise results, suggesting investors may have been focused on valuation or guidance being only in line rather than a major upside surprise. Stock Falls Despite Beat and Raise

About Allegro MicroSystems

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.