Jefferies Financial Group Issues Positive Forecast for Allegro MicroSystems (NASDAQ:ALGM) Stock Price

Allegro MicroSystems (NASDAQ:ALGM) had its target price lifted by equities research analysts at Jefferies Financial Group from $37.00 to $43.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 16.75% from the company’s current price.

A number of other brokerages also recently commented on ALGM. UBS Group increased their price objective on Allegro MicroSystems from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Friday. Mizuho set a $38.00 price objective on shares of Allegro MicroSystems in a research report on Tuesday, December 16th. Evercore ISI lifted their price objective on shares of Allegro MicroSystems from $37.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Barclays boosted 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. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.50.

Allegro MicroSystems Stock Performance

Allegro MicroSystems stock traded down $1.15 during mid-day trading on Friday, hitting $36.83. 3,935,027 shares of the company’s stock traded hands, compared to its average volume of 2,881,620. 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 has a one year low of $16.38 and a one year high of $39.89. The firm has a 50 day moving average price of $29.02 and a 200 day moving average price of $29.83. The company has a market cap of $6.82 billion, a PE ratio of -230.20 and a beta of 1.61.

Allegro MicroSystems (NASDAQ:ALGM) last announced its earnings results on Thursday, January 29th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. Allegro MicroSystems had a positive return on equity of 2.90% and a negative net margin of 3.60%.The firm had revenue of $229.21 million for the quarter, compared to analysts’ expectations of $220.78 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities analysts forecast that Allegro MicroSystems will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Allegro MicroSystems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors boosted its holdings in Allegro MicroSystems by 5.8% during the third quarter. Capital Research Global Investors now owns 16,824,722 shares of the company’s stock worth $491,282,000 after purchasing an additional 920,365 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Allegro MicroSystems by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 14,293,465 shares of the company’s stock valued at $417,369,000 after purchasing an additional 87,526 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Allegro MicroSystems by 29.3% during the 2nd quarter. Invesco Ltd. now owns 6,254,575 shares of the company’s stock worth $213,844,000 after buying an additional 1,418,934 shares during the period. State Street Corp grew its position in shares of Allegro MicroSystems by 2.1% in 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 during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in 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 buying an additional 1,806,183 shares in the last quarter. 56.45% of the stock is owned by institutional investors.

Key Stories Impacting Allegro MicroSystems

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

• Positive Sentiment: Q3 (ended Dec) beat expectations — Allegro reported $0.15 EPS vs. $0.14 consensus and revenue of $229.2M vs. $220.8M expected, with year-over-year revenue up ~29%. Earnings/revenue beats and a strong topline drove the initial rally. MarketBeat Press Release
• Positive Sentiment: Company provided Q4 guidance that is inline-to-slightly-above consensus: EPS $0.14–0.18 (consensus ~0.15) and revenue $230M–$240M (consensus ~$231M). Management’s “swing to profitability” message and constructive outlook lifted sentiment. MSN Article
• Positive Sentiment: Several sell‑side firms raised targets: TD Cowen, Wells Fargo and Morgan Stanley each lifted PTs to $45 (TD Cowen = Buy; Wells Fargo = Overweight; Morgan Stanley = Equal Weight). Multiple upgrades amplified buying interest. Benzinga The Fly
• Neutral Sentiment: Investor materials available — the company posted a slide deck and call transcript, which helps analysts and quant models update estimates. Useful for follow‑on revisions but not an immediate directional driver by itself. Slide Deck
• Neutral Sentiment: Coverage pieces and syntheses (Zacks, Seeking Alpha, Yahoo Finance) circulated quickly, helping momentum but mostly echoing the same beats/guidance. Yahoo Finance
• Negative Sentiment: Profitability and valuation caveats remain — company-level net margin was cited as negative (historical metrics mixed) and some wall‑street estimates still foresee modest full‑year EPS; investors should watch whether operating margins sustainably improve as volumes grow. GlobeNewswire

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.