Mizuho Forecasts Strong Price Appreciation for Allegro MicroSystems (NASDAQ:ALGM) Stock

Allegro MicroSystems (NASDAQ:ALGM) had its target price hoisted by investment analysts at Mizuho from $44.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 12.66% from the stock’s previous close.

ALGM has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on shares of Allegro MicroSystems from $45.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. TD Cowen lifted their target price on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $62.00 target price on shares of Allegro MicroSystems in a research note on Thursday. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Finally, Needham & Company LLC boosted their price objective on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allegro MicroSystems currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.30.

Allegro MicroSystems Price Performance

Shares of NASDAQ:ALGM opened at $47.93 on Friday. 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 market cap of $8.88 billion, a P/E ratio of -599.13 and a beta of 2.02. Allegro MicroSystems has a 52 week low of $19.75 and a 52 week high of $51.40. The company has a 50-day moving average price of $36.43 and a 200 day moving average price of $32.80.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $235.94 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’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. Research analysts predict that Allegro MicroSystems will post 0.27 earnings per share for the current year.

Institutional Trading of Allegro MicroSystems

Several institutional investors have recently made changes to their positions in ALGM. Hantz Financial Services Inc. grew its stake in shares of Allegro MicroSystems by 86.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 901 shares of the company’s stock valued at $26,000 after buying an additional 419 shares during the period. Quent Capital LLC purchased a new stake in shares of Allegro MicroSystems during the 3rd quarter valued at $28,000. Parallel Advisors LLC grew its stake in shares of Allegro MicroSystems by 42.8% during the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company’s stock valued at $32,000 after buying an additional 302 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Allegro MicroSystems during the 4th quarter valued at $34,000. Finally, CIBC Private Wealth Group LLC boosted its position 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 purchasing an additional 1,336 shares during the period. 56.45% of the stock is owned by hedge funds and other institutional investors.

Allegro MicroSystems News Roundup

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

• Positive Sentiment: Q4 results beat consensus on both revenue and EPS and showed strong year-over-year revenue growth (+26%), supporting the company’s top-line momentum. Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: Analysts remain constructive: Needham raised its price target to $55 and kept a Buy rating, and Morgan Stanley highlighted additional upside potential, which could support longer-term share gains. Needham price target raise / Benzinga
• Neutral Sentiment: Management’s Q1 FY2027 guidance (EPS $0.190–0.230; revenue $245–255M) essentially matched Street expectations, leaving limited surprise in forward numbers. Investors often want upside to sustain post-earnings rallies. Company press release / slide deck
• Negative Sentiment: Despite the beat, the stock traded lower as investors reacted to the “in-line” guidance and possibly took profits after recent run‑up; several outlets note the pullback after the report. Allegro Microsystems sinks after offering up in line guidance
• Negative Sentiment: Coverage highlighting the share decline despite beat likely amplified selling; shorter-term technicals (recent high, elevated beta) may increase volatility. MSN: stock falls despite beat-and-raise

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.