Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Allegro MicroSystems Inc Market Cap
Based on ratings from 8 stock analysts, the Allegro MicroSystems Inc stock price is expected to increase by 27.47% in 12 months. This is calculated by using the average 12-month stock price forecast for Allegro MicroSystems Inc. The lowest target is $35.00 and the highest is $45.00. Please note analyst price targets are not guaranteed and could be missed completely.
ALGM is a stock in Technology which has been forecasted to be worth $39.63 as an average. On the higher end, the forecast price is $45.00 USD by aaron rakers from Wells Fargo and on the lower end ALGM is forecasted to be $35.00 by blayne curtis from Barclays.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| quinn bolton Needham | Buy | $40.0 | maintained | Feb 2, 2024 |
| vijay rakesh Mizuho Securities | Buy | $45.0 | maintained | Feb 2, 2024 |
| chris caso Wolfe Research | Buy | $35.0 | upgraded | Feb 2, 2024 |
| mark lipacis Jefferies | Buy | $37.0 | maintained | Feb 1, 2024 |
| joshua buchalter TD Cowen | Buy | $35.0 | maintained | Feb 1, 2024 |
| thomas o'malley Barclays | Buy | $35.0 | rated | Feb 1, 2024 |
| gary mobley Wells Fargo | Buy | $45.0 | maintained | Jan 25, 2024 |
| aaron rakers Wells Fargo | Buy | $45.0 | maintained | Jan 3, 2024 |
| blayne curtis Barclays | Buy | $35.0 | maintained | Nov 3, 2023 |
| john pitzer Credit Suisse | Buy | $40.0 | maintained | Oct 28, 2021 |
| alessandra vecchi William Blair | Buy | None | initiatedcoverage | Jun 30, 2021 |
Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components. The company sells its products to original equipment manufacturers and suppliers primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment. It operates in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire. Allegro MicroSystems, Inc. is a subsidiary of Sanken Electric Co., Ltd.
When did it IPO
2020
Staff Count
4,687
Country
United States
Sector/Industry
Technology/Semiconductors
CEO
Mr. Vineet A. Nargolwala
Market Cap
$6.00B
In 2023, ALGM generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ALGM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
OPCH-USD
$33.93
$28.72
QLYS-USD
$164.57
BPOP-USD
$83.48
NXST-USD
$173.77
NSIT-USD
$179.58
The information that Ticker Nerd provides is general in nature as it has been prepared without taking account of your objectives, financial situation or needs. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Ticker Nerd is for information purposes only. Ticker Nerd is not responsible for any damages or losses that may occur as a result of reliance on this information. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. All content, group, messaging, tweets, newsletter, article, and email created by Ticker Nerd is intended for educational and information purposes only, is not financial, investment, legal or tax advice, and is a restatement, summary or extract of other data and research reports that are widely distributed from sources such as, but not limited to, Bloomberg, Market Watch, Wall Street Journal, Google Finance, and Yahoo Finance. Ticker Nerd is not a registered financial, investment, legal or tax advisor and is not liable for any financial loss you may incur acting on any information provided by Ticker Nerd. By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results.
