Allegro MicroSystems (ALGM) Stock Price, News & Analysis

Company Overview

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. Its semiconductors are used in electric and hybrid vehicles, advanced driver-assistance systems, industrial automation equipment, consumer appliances and computing platforms. The company’s design, engineering and quality systems are certified to industry standards, supporting global original equipment manufacturers (OEMs) in North America, Europe and Asia.

Founded in Manchester, New Hampshire, Allegro MicroSystems has grown from a small power-semiconductor spin-off into a publicly traded corporation. The company completed its initial public offering in October 2021 and maintains headquarters in the U.S. along with design centers in the United Kingdom, Poland and China. Allegro’s operations are backed by a diverse supply chain and strategic partnerships with wafer foundries and assembly test providers.

Led by an experienced management team with decades of semiconductor industry expertise, Allegro continues to invest in research and development to drive innovation in power efficiency, sensing accuracy and compact system integration. The company’s ongoing roadmap emphasizes next-generation wide-bandgap power devices, advanced sensor technologies and integrated solutions aimed at enabling greener transportation and smarter industrial systems.

Key Stats

• Today's Range: $40.76 to $43.35
• 50-Day Range: $41.45 to $69.62
• 52-Week Range: $22.41 to $71.77
• Volume: 3.76 million shs
• Average Volume: 2.56 million shs
• Market Capitalization: $7.73 billion
• P/E Ratio: 691.78
• Dividend Yield: N/A
• Price Target: $52.80
• Consensus Rating: Moderate Buy

Allegro MicroSystems Stock Analysis - MarketRank™

Allegro MicroSystems scored higher than 91% of companies evaluated by MarketBeat, and ranked 92nd out of 599 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Allegro MicroSystems has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no strong buy ratings, 9 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Allegro MicroSystems has a consensus price target of $52.80, representing about 27.2% upside from its current price of $41.50.

Amount of Analyst Coverage

Allegro MicroSystems has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 75.32%

Earnings Growth

Earnings for Allegro MicroSystems are expected to grow by 75.32% in the coming year, from $0.77 to $1.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegro MicroSystems is 691.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 40.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegro MicroSystems is 691.78, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 79.38.

Price to Book Value per Share Ratio

Allegro MicroSystems has a P/B Ratio of 8.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.78% of the float of Allegro MicroSystems has been sold short.

Short Interest Ratio / Days to Cover

Allegro MicroSystems has a short interest ratio ("days to cover") of 3.88, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegro MicroSystems has recently decreased by 18.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Allegro MicroSystems does not currently pay a dividend.

Dividend Growth

Allegro MicroSystems does not have a long track record of dividend growth.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 0.72

News Sentiment

Allegro MicroSystems has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Technology companies.

News Coverage This Week

MarketBeat has tracked 28 news articles for Allegro MicroSystems this week, compared to 5 articles on an average week.

Search Interest

19 people have searched for ALGM on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.

MarketBeat Follows

10 people have added Allegro MicroSystems to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 1.4 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Allegro MicroSystems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,213,714.00 in company stock.

Percentage Held by Insiders

0.50% of the stock of Allegro MicroSystems is held by insiders.

Percentage Held by Institutions

56.45% of the stock of Allegro MicroSystems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 7/30/2026
• Today: 8/01/2026
• Fiscal Year End: 3/31/2027

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Semiconductors & Semiconductor Equipment
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:ALGM
• CIK: 866291
• Web: www.allegromicro.com
• Phone: 603-626-2300
• Fax: 603-641-5336
• Employees: 4,250
• Year Founded: 1990

Price Target and Rating

• Average Price Target for Allegro MicroSystems: $52.80
• High Price Target: $62.00
• Low Price Target: $39.00
• Potential Upside/Downside: +27.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 12 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.09)
• Trailing P/E Ratio: 691.78
• Forward P/E Ratio: 53.90
• P/E Growth: N/A
• Net Income: -$14.90 million
• Net Margins: 1.50%
• Pretax Margin: 1.32%
• Return on Equity: 8.30%
• Return on Assets: 5.65%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 3.70
• Quick Ratio: 2.21

Sales & Book Value

• Annual Sales: $890.10 million
• Price / Sales: 8.69
• Cash Flow: $0.68 per share
• Price / Cash Flow: 61.47
• Book Value: $5.18 per share
• Price / Book: 8.01

Miscellaneous

• Outstanding Shares: 186,310,000
• Free Float: 185,377,000
• Market Cap: $7.73 billion
• Optionable: Optionable
• Beta: 1.90