Allegro MicroSystems (NASDAQ:ALGM) Given New $55.00 Price Target at Needham & Company LLC

Allegro MicroSystems (NASDAQ:ALGM) had its price objective increased by research analysts at Needham & Company LLC from $45.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price points to a potential upside of 14.75% from the stock’s current price.

ALGM has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and set a $45.00 target price on shares of Allegro MicroSystems in a research report on Thursday, February 19th. UBS Group raised their target price on shares of Allegro MicroSystems from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Bank of America raised their target price on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. TD Cowen raised their target price on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Barclays raised their target price on shares of Allegro MicroSystems from $35.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Allegro MicroSystems currently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Allegro MicroSystems Price Performance

Shares of ALGM traded down $3.44 during mid-day trading on Thursday, reaching $47.93. 5,308,433 shares of the company’s stock were exchanged, compared to its average volume of 2,416,250. The company has a quick ratio of 2.39, a current ratio of 3.65 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $36.25 and a two-hundred day simple moving average of $32.67. Allegro MicroSystems has a 52-week low of $19.75 and a 52-week high of $51.40. The company has a market cap of $8.88 billion, a price-to-earnings ratio of -599.13 and a beta of 2.02.

Allegro MicroSystems (NASDAQ:ALGM) last announced its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Allegro MicroSystems had a negative net margin of 1.57% and a positive return on equity of 4.35%. The firm had revenue of $243.19 million for the quarter, compared to analyst estimates of $235.94 million. During the same quarter last year, the business earned $0.06 earnings per share. Allegro MicroSystems’s revenue was up 26.1% compared to the same quarter last year. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, sell-side analysts predict that Allegro MicroSystems will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Allegro MicroSystems

A number of hedge funds have recently made changes to their positions in ALGM. Hantz Financial Services Inc. increased its stake in Allegro MicroSystems by 86.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock worth $26,000 after buying an additional 419 shares during the period. Quent Capital LLC purchased a new stake in Allegro MicroSystems during the 3rd quarter worth $28,000. Parallel Advisors LLC increased its stake in Allegro MicroSystems by 42.8% during the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock worth $32,000 after buying an additional 302 shares during the period. Kestra Advisory Services LLC purchased a new stake in Allegro MicroSystems during the 4th quarter worth $34,000. Finally, CIBC Private Wealth Group LLC increased its stake in Allegro MicroSystems by 14,844.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock worth $35,000 after buying an additional 1,336 shares during the period. Institutional investors and hedge funds own 56.45% of the company’s stock.

Key Allegro MicroSystems News

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

• Positive Sentiment: Q4 results beat estimates: Allegro reported $0.17 EPS vs. consensus $0.16 and revenue of $243.2M vs. $235.9M, showing a clear revenue and EPS beat that supports near-term momentum. Allegro MicroSystems, Inc. (ALGM) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Strong revenue growth and FY scale: Q4 sales were up ~26% YoY and fiscal‑year 2026 sales rose ~23% to $890M — evidence of demand traction in its automotive and industrial end markets. Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Guidance roughly in line: Management set Q1 FY27 EPS guidance of $0.190–$0.230 and revenue guidance of $245–$255M, which overlaps consensus (EPS consensus ~$0.190; revenue consensus ~$246.6M) — guidance that reduces downside surprise risk. Earnings / Guidance Details and Conference Call
• Neutral Sentiment: Analyst stance and coverage: Consensus analyst sentiment is modestly constructive (consensus “Moderate Buy”), which supports interest but doesn’t imply strong upgrade-driven buying. Analyst Consensus: Moderate Buy
• Neutral Sentiment: Valuation context: Recent sector rally and rising optimism have prompted valuation re-checks; investors are balancing growth versus cyclical/valuation risk for semiconductor suppliers. Valuation Check After Sector Rally
• Negative Sentiment: Profitability and margin concerns: Despite revenue growth, Allegro reported a negative net margin (-1.57%) and modest ROE, which can make investors sensitive to any signals that margin recovery will be slow or that costs/one‑offs pressured results. Earnings / Margin Details

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.