Allegro MicroSystems (NASDAQ:ALGM) Given New $45.00 Price Target at Morgan Stanley

Allegro MicroSystems (NASDAQ:ALGM) had its price objective increased by investment analysts at Morgan Stanley from $35.00 to $45.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 21.12% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. TD Cowen increased their target price on Allegro MicroSystems from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday. Bank of America upped their price objective on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Allegro MicroSystems in a research note on Monday, December 29th. Needham & Company LLC lifted their price target on Allegro MicroSystems from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays increased their price objective on Allegro MicroSystems from $35.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday. Eight research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.56.

Allegro MicroSystems Price Performance

Shares of NASDAQ ALGM traded down $0.83 during trading hours on Friday, reaching $37.15. 1,953,820 shares of the stock traded hands, compared to its average volume of 2,798,037. The company’s 50-day simple moving average is $29.02 and its two-hundred day simple moving average is $29.83. The company has a market capitalization of $6.88 billion, a P/E ratio of -231.81 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 has a quick ratio of 2.48, a current ratio of 3.89 and a debt-to-equity ratio of 0.30.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $229.21 million for the quarter, compared to analysts’ expectations of $220.78 million. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. Equities research analysts forecast that Allegro MicroSystems will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Allegro MicroSystems

A number of large investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its stake in shares of Allegro MicroSystems by 86.9% during the third quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock valued at $26,000 after purchasing an additional 419 shares during the period. Quent Capital LLC bought a new stake in Allegro MicroSystems during the 3rd quarter valued at about $28,000. Farther Finance Advisors LLC boosted its position in Allegro MicroSystems by 815.4% in the 4th quarter. Farther Finance Advisors LLC now owns 2,142 shares of the company’s stock valued at $57,000 after buying an additional 1,908 shares during the period. Nisa Investment Advisors LLC boosted its position in Allegro MicroSystems by 158.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,210 shares of the company’s stock valued at $76,000 after buying an additional 1,356 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Allegro MicroSystems by 12,315.0% in the 3rd quarter. NewEdge Advisors LLC now owns 2,483 shares of the company’s stock worth $73,000 after acquiring an additional 2,463 shares in the last quarter. Institutional investors own 56.45% of the company’s stock.

Allegro MicroSystems News Summary

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

• Positive Sentiment: Q3 results beat expectations — Allegro reported $0.15 EPS vs. consensus $0.14 and revenue of $229.2M vs. $220.8M (revenue +28.9% YoY). The beat underpins the rally. GlobeNewswire: Q3 Results
• Positive Sentiment: Management issued FY/near-term guidance that was roughly in-line to modestly above consensus: Q4 EPS guidance $0.14–$0.18 (consensus ~$0.15) and revenue guidance $230M–$240M (consensus ~$231M). The firm’s upbeat sales outlook helped lift sentiment. MSN: Jumps to 2-year high
• Positive Sentiment: Analyst upgrades and price-target increases: Wells Fargo raised its target from $40 to $45 (overweight) and TD Cowen raised its target to $45 (buy). Those raises imply ~18–19% upside from recent levels and likely helped buying interest. Benzinga: Wells Fargo PT Raise The Fly: TD Cowen PT Raise
• Neutral Sentiment: Market reaction: shares touched multi‑year highs on the news (intraday momentum). This reflects short-term repositioning rather than a guaranteed change in fundamentals. Yahoo Finance: Exceeds Q4 Expectations
• Neutral Sentiment: Data/market metrics are mixed — consensus analyst models still show modest full‑year EPS expectations and some data sources show odd short‑interest reporting (zero/NaN entries), so gauge positioning carefully. MarketBeat: Earnings Summary & Call
• Negative Sentiment: GAAP profitability and valuation remain concerns — Allegro still shows a negative net margin on some measures and a negative PE, which could limit upside if margins don’t sustainably improve. Investors should watch whether the profitability is primarily non‑GAAP or recurring. Zacks: Earnings Beat Coverage

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.