Allegro MicroSystems (NASDAQ:ALGM) Given New $45.00 Price Target at TD Cowen

Allegro MicroSystems (NASDAQ:ALGM) had its price target upped by equities researchers at TD Cowen from $38.00 to $45.00 in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 18.48% from the stock’s previous close.

A number of other equities analysts have also issued reports on ALGM. Weiss Ratings reiterated a “sell (e+)” rating on shares of Allegro MicroSystems in a research report on Monday, December 29th. Bank of America lifted their price objective on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Allegro MicroSystems in a research report on Thursday. Evercore ISI lifted their price objective on shares of Allegro MicroSystems from $37.00 to $49.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Barclays lifted their price target on Allegro MicroSystems from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.22.

Allegro MicroSystems Trading Up 9.9%

Shares of Allegro MicroSystems stock opened at $37.98 on Friday. The stock has a market capitalization of $7.03 billion, a P/E ratio of -237.38 and a beta of 1.61. Allegro MicroSystems has a 12-month low of $16.38 and a 12-month 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. The company has a 50-day simple moving average of $29.02 and a 200 day simple moving average of $29.83.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm 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 company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. Research analysts expect that Allegro MicroSystems will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allegro MicroSystems

Several large investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Allegro MicroSystems in the fourth quarter worth $336,000. Pictet Asset Management Holding SA lifted its stake in shares of Allegro MicroSystems by 19.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 20,787 shares of the company’s stock valued at $548,000 after buying an additional 3,387 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Allegro MicroSystems by 48.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 17,085 shares of the company’s stock worth $451,000 after acquiring an additional 5,581 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Allegro MicroSystems in the 4th quarter worth about $212,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Allegro MicroSystems in the fourth quarter valued at approximately $783,000. Institutional investors 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: Quarterly beat — Allegro reported $0.15 EPS vs. $0.14 consensus and revenue of $229.2M vs. ~$220.8M expected; revenue was up ~28.9% year?over?year, signaling healthy top?line momentum. Allegro MicroSystems (NASDAQ:ALGM) Exceeds Q4 Expectations
• Positive Sentiment: Guidance lifted/constructive — management gave Q4 EPS guidance of $0.140–0.18 and revenue guidance of $230–240M, which overlaps or tops consensus at the high end; that helped push shares higher on confidence in near?term execution.
• Positive Sentiment: Market reaction and headlines — media coverage highlighted a “swing to profitability” and a move to a two?year high, reinforcing momentum among growth and momentum investors. Allegro Microsystems (ALGM) jumps to 2-year high on swing to profitability, strong sales outlook
• Neutral Sentiment: Investor materials available — the company published its earnings press release, slide deck and hosted a conference call/earnings transcript for deeper detail on drivers and bookings. Allegro MicroSystems Reports Third Quarter 2026 Results
• Neutral Sentiment: Earnings call transcript published — useful for investors who want detail on product demand, ASPs, and end?market trends. Allegro MicroSystems Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Short interest data reported as effectively negligible (data appears anomalous), so short squeezes are unlikely to be a clear driver one way or the other based on reported figures.
• Negative Sentiment: Profitability nuance — despite the EPS beat, reported metrics still show a negative net margin (per filings/aggregators), indicating GAAP profitability may be mixed and leaving room for investor scrutiny on sustainable earnings. Allegro MicroSystems earnings and financials
• Negative Sentiment: Guidance not a clear blowout — revenue range roughly in line with consensus and EPS guidance midpoint near expectations, so future upside depends on execution against the high end of the range and continued margin improvement.

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.