A Look At Allegro MicroSystems (ALGM) Valuation After Upgrade, New Sensor Launch And Earnings Beat
Allegro MicroSystems (ALGM) has seen increased attention due to a Morgan Stanley upgrade, an earnings beat, and the launch of a new current sensor. Despite recent share price fluctuations, the stock has shown strong momentum over the last few months. While analysts believe the stock is slightly overvalued at $38.59 against a fair value of $38.42, its future growth depends on assumptions regarding rebounding industrial automation and data center markets, and expanding demand for its advanced sensors and power ICs.
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Morgan Stanley upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded Allegro MicroSystems (ALGM). The content provided does not offer further details regarding the reasons for this upgrade or any specific financial analysis or price targets.
Morgan Stanley Upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded Allegro MicroSystems (ALGM) from Equal-Weight to Overweight, with an average one-year price target suggesting a 6.70% upside. Despite a decrease in institutional ownership and a slight dip in total shares owned by institutions, the put/call ratio indicates a bullish outlook for the company.
Morgan Stanley Upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded Allegro MicroSystems (ALGM) from Equal-Weight to Overweight, with an analyst price target suggesting a 6.70% upside to $45.22/share. The article also details institutional ownership changes, highlighting key holders like Capital Research Global Investors and SMCWX, and notes a bullish put/call ratio of 0.29 for ALGM. The company's projected annual revenue is expected to increase by 45.64% to $1,223MM, with a non-GAAP EPS of 1.58.
Morgan Stanley Upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded its outlook for Allegro MicroSystems (ALGM) from Equal-Weight to Overweight, with an average one-year price target indicating a 6.70% upside. The company is projected to see a 45.64% increase in annual revenue. Institutional ownership data shows a decrease in the number of funds holding ALGM, but a bullish put/call ratio.
Morgan Stanley Upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded Allegro MicroSystems (ALGM) from Equal-Weight to Overweight. Analysts project a 6.70% upside for the stock, with an average one-year price target of $45.22. Despite the upgrade, institutional ownership saw a decrease in the last quarter, though the put/call ratio indicates a bullish outlook.
Will Allegro MicroSystems (ALGM) Beat Estimates Again in Its Next Earnings Report?
This article from Zacks Equity Research explores whether Allegro MicroSystems (ALGM) is likely to exceed earnings estimates in its upcoming report. It highlights several factors that suggest a potential beat, including a strong Zacks Rank and a positive Earnings ESP. Investors are advised to watch for the official announcement.
Morgan Stanley Upgrades Allegro MicroSystems (ALGM)
Morgan Stanley has upgraded Allegro MicroSystems (ALGM) from Equal-Weight to Overweight, with an average one-year price target suggesting a 6.70% upside. The company is projected to see a 45.64% increase in annual revenue to $1,223MM. Despite a decrease in the number of institutional owners, the put/call ratio indicates a bullish outlook for ALGM.
Does Allegro MicroSystems’ (ALGM) New AI-Focused Current Sensor Clarify Its Long-Term Power Electronics Edge?
Allegro MicroSystems (ALGM) recently launched the ACS37017 Hall-effect current sensor, targeting AI data centers, electrified vehicles, and clean energy with its high precision. While this reinforces Allegro's product story, the article emphasizes that the key to its investment narrative remains execution on AI and xEV opportunities, alongside managing competitive pressures and its premium valuation. Recent leadership changes are noted as potential supports for differentiating product performance and cost management.
Allegro MicroSystems rises after rating upgrade at Morgan Stanley
Allegro MicroSystems saw its stock rise following an upgrade from Morgan Stanley. The financial firm elevated Allegro's rating, indicating a more positive outlook for the company's performance.
Allegro MicroSystems rises after rating upgrade at Morgan Stanley
Allegro MicroSystems stock rose following an upgrade from Equal-Weight to Overweight by Morgan Stanley. The firm also increased its price target for Allegro from $30 to $34, citing a re-rating on valuation and improved demand for semiconductors. Morgan Stanley highlighted Allegro's strong balance sheet, solid free cash flow generation, and attractive valuation.
Does Allegro MicroSystems’ (ALGM) New AI-Focused Current Sensor Clarify Its Long-Term Power Electronics Edge?
Allegro MicroSystems recently launched the ACS37017 Hall-effect current sensor, enhancing its portfolio for AI data centers, electrified vehicles, and clean energy. This product aims to stabilize high-voltage power conversion with ultra-precise current sensing. The article explores how this sensor, coupled with recent leadership changes, could support Allegro's strategy in high-growth markets despite valuation concerns and competitive pressures.
Morgan Stanley Upgrades Allegro Microsystems (ALGM) to Overweigh
Morgan Stanley has upgraded Allegro Microsystems (ALGM) from Equal-Weight to Overweight, setting a new price target of $51.00. This adjustment by analyst Joseph Moore follows several recent analyst rating updates for ALGM. The article also notes that while Wall Street analysts forecast an average target price implying an upside, GuruFocus estimates a downside based on its GF Value.
Candriam S.C.A. Purchases New Position in Allegro MicroSystems, Inc. $ALGM
Candriam S.C.A. initiated a new position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) during Q3, acquiring 89,175 shares valued at approximately $2.60 million. Allegro MicroSystems exceeded quarterly expectations with 28.9% year-over-year revenue growth and raised EPS, leading to positive analyst sentiment with a "Moderate Buy" consensus rating and a target price of $43.80. Several other hedge funds also adjusted their holdings in the company during recent quarters.
(ALGM) Volatility Zones as Tactical Triggers
This article provides an analysis of Allegro Microsystems Inc. (NASDAQ: ALGM) focusing on volatility zones as tactical triggers for trading. It highlights strong sentiment supporting an overweight bias and identifies elevated downside risk due to a lack of additional long-term support signals. The report also outlines three distinct AI-generated trading strategies: Position Trading, Momentum Breakout, and Risk Hedging, tailored for different risk profiles and holding periods.
FMR LLC Reduces Stake in Allegro Microsystems Inc
FMR LLC, also known as Fidelity, has decreased its holdings in Allegro Microsystems Inc (ALGM) by 13.95%, selling over 3.8 million shares at $26.38 each. This strategic adjustment reflects Fidelity's rebalancing of its growth-oriented portfolio, despite Allegro Microsystems' strong performance and growth potential in the semiconductors industry. Allegro Microsystems, an innovator in sensor and power ICs, is currently trading above its GF Value, indicating it is overvalued, yet it maintains good outperformance potential with a GF Score of 82/100.
Forecasting The Future: 9 Analyst Projections For Allegro Microsystems
Nine analysts have provided diverse ratings for Allegro Microsystems (NASDAQ: ALGM) over the past three months, with an average price target of $44.0, marking a 15.46% increase from the previous average. The company shows strong financial health with positive revenue growth, excellent net margin, ROE, and ROA, though its debt-to-equity ratio is higher than the industry average. Analysts have recently updated their ratings and price targets, indicating their evolving perspectives on the company's market performance.
Wells Fargo Raises Allegro Microsystems (ALGM) Price Target to $48 | ALGM Stock News
Wells Fargo has increased its price target for Allegro Microsystems (ALGM) from $45 to $48, while maintaining an "Overweight" rating. This decision, communicated by analyst Joseph Quatrochi, reflects increased confidence in the company's performance. The article also details recent price target adjustments from other firms like Needham, Barclays, Morgan Stanley, and TD Cowen, and provides an overview of Allegro Microsystems' business and analyst forecasts.
A Look At Allegro MicroSystems (ALGM) Valuation As Earnings Turn Positive And Guidance Improves
Allegro MicroSystems (ALGM) has reported a significant turnaround with positive net income in Q3, higher sales, and improved future guidance, leading to a recent surge in its stock price. Despite a 34.2% one-month return and a 71.46% one-year return, the stock is currently considered 9.3% overvalued with a fair value of $38.42, primarily driven by expectations of faster revenue growth and expanding content in high-growth sectors. However, potential risks like softening auto demand or increased competition in China could impact its future growth and margins.
Allegro MicroSystems Expands Current Sensing Leadership with Industry’s Highest Accuracy Magnetic Current Sensor
Allegro MicroSystems has launched the ACS37017, a new Hall-effect current sensor that achieves industry-leading accuracy with a typical sensitivity error of 0.55% over its lifetime and temperature. This sensor completes Allegro's strategic portfolio expansion, offering specialized solutions for speed (ACS37100), power density (ACS37200), and accuracy in modern power electronics. The ACS37017 is designed to address the "drift" problem in conventional sensors, providing stable performance and simplifying system design for applications like AI data centers and electrified vehicles.
Allegro MicroSystems (ALGM) Unveils High-Accuracy Current Sensor
Allegro MicroSystems (ALGM) has launched its new ACS37017 Hall-effect current sensor, aiming to advance precision in power electronics despite facing challenges in revenue growth and profitability. The company, a designer and fabless manufacturer of sensor ICs and analog power ICs for automotive and industrial markets, boasts strong liquidity but high valuation metrics and insider selling activity. Allegro's stock is classified as "Distressed" with a high GF Score, indicating potential overvaluation and significant volatility.
Allegro MicroSystems Expands Current Sensing Leadership with Industry’s Highest Accuracy Magnetic Current Sensor
Allegro MicroSystems has introduced the ACS37017, a new Hall-effect current sensor that it claims sets an industry benchmark for accuracy, particularly for high-efficiency power conversion in AI data centers, electrified vehicles, and clean energy systems. This launch completes Allegro's strategic portfolio expansion, offering specialized solutions for speed (ACS37100), power density (ACS37200), and now accuracy with the ACS37017, which achieves a 0.55% typical sensitivity error over lifetime and temperature. The sensor also addresses the "drift" problem in conventional sensors and simplifies system architecture by integrating a stable voltage reference.
New Allegro sensor targets AI data centers, EVs, clean energy
Allegro MicroSystems has launched the ACS37017, a Hall-effect current sensor with a 0.55% typical sensitivity error, targeting high-accuracy applications in AI data centers, electrified vehicles (xEVs), and clean energy systems. This new sensor completes Allegro's strategic portfolio expansion, joining existing solutions focused on speed (ACS37100) and power density (ACS37200). The ACS37017 integrates a precision voltage reference and reinforced high-voltage isolation, reducing BOM and system noise while ensuring long-term stability and precise measurements.
Allegro MicroSystems Expands Current Sensing Leadership with Industry’s Highest Accuracy Magnetic Current Sensor
Allegro MicroSystems has introduced the ACS37017, a new Hall-effect current sensor setting an industry benchmark for accuracy with a 0.55% typical sensitivity error. This launch completes Allegro's strategic expansion in high-performance current sensors, offering specialized solutions for speed (ACS37100), power density (ACS37200), and accuracy (ACS37017). The ACS37017 provides stable performance and simplifies system architecture, making it ideal for high-voltage power conversion systems in AI data centers, electrified vehicles, and clean energy applications.
Allegro MicroSystems Launches ACS37017 Hall-Effect Current Sensor to Set New Accuracy Benchmark in Power Electronics
Allegro MicroSystems has introduced the ACS37017 Hall-effect current sensor, which sets a new industry standard for accuracy in power electronics with a typical sensitivity error of 0.55%. This sensor completes Allegro's high-performance portfolio, offering specialized solutions for speed (ACS37100), power density (ACS37200), and accuracy, addressing critical demands in applications like AI data centers and electrified vehicles. The ACS37017 features proprietary compensation architecture to reduce drift and simplifies system design by integrating a precision voltage reference.
Allegro MicroSystems Inc (NASDAQ:ALGM) Fits the Minervini Growth and Momentum Template
Allegro MicroSystems Inc (NASDAQ:ALGM) is identified as a strong candidate fitting Mark Minervini's growth and momentum investment strategy, demonstrating robust technical patterns and accelerating fundamental growth. The company meets the Minervini Trend Template criteria with its price trading above key moving averages and strong relative strength, alongside high growth momentum evidenced by surging earnings and sales. While technical conditions are excellent, the article suggests a cautious approach to new entry due to recent sharp price climbs, recommending waiting for a potential pullback or consolidation.
A Look At Allegro MicroSystems (ALGM) Valuation As Earnings Turn Positive And Guidance Improves
Allegro MicroSystems (ALGM) reported positive third-quarter net income and improved guidance, leading to a significant rally in its share price. Despite a 34.2% one-month return and a 71.46% one-year total shareholder return, the company's valuation is considered 9.3% overvalued at $41.99 against a fair value of $38.42. The narrative for this valuation highlights growth in industrial automation and data center markets, but potential risks include softening auto demand and competitive pricing from Chinese rivals.
Allegro Microsystems stock hits 52-week high at $40.92 By Investing.com
Allegro Microsystems Inc. (ALGM) stock reached a new 52-week high of $40.92, marking a 68.12% increase over the past year due to robust performance and investor confidence. The company also reported strong Q3 2026 earnings, surpassing analyst expectations for both EPS and revenue, and announced key leadership promotions to strengthen its operational and technological teams. These achievements reflect Allegro's strategic initiatives and positive market positioning.
Allegro Microsystems stock hits 52-week high at $40.92
Allegro Microsystems (ALGM) stock reached a 52-week high of $40.92, reflecting a 68.12% increase over the past year and strong investor confidence. This performance follows better-than-expected Q3 2026 earnings, with EPS at $0.15 and revenue at $229.2 million. The company also announced key leadership promotions, further strengthening its strategic focus.
5 Insightful Analyst Questions From Allegro MicroSystems’s Q4 Earnings Call
Allegro MicroSystems (ALGM) reported strong Q4 results, surpassing analyst expectations for revenue and adjusted EBITDA, driven by growth in automotive and data center segments. The company provided optimistic Q1 CY2026 guidance, beating EPS estimates significantly. Analyst questions focused on gross margin dynamics, growth outlook for key segments, data center product pipeline, automotive market health, and operating expense growth.
5 Insightful Analyst Questions From Allegro MicroSystems's Q4 Earnings Call
Allegro MicroSystems reported strong Q4 results, exceeding revenue and EBITDA estimates due to robust demand in automotive and industrial sectors, particularly data centers. The article highlights key analyst questions from the earnings call, focusing on gross margin, growth outlook for different segments, data center product pipeline, and operating expenses. Management provided insights into these areas, forecasting continued growth and addressing inventory and operational efficiency.
Allegro MicroSystems (ALGM) Price Target Increased by 15.40% to 45.22
Allegro MicroSystems (ALGM) has seen its average one-year price target increased by 15.40% to $45.22 per share, up from $39.19. This new target represents a 16.28% increase from the last reported closing price of $38.89. The article also details institutional ownership changes, highlighting key funds and their stake in the company.
Allegro MicroSystems Appoints Ian Kent, Senior Vice President, Operations and Jamie Haas Vice President, Chief Technology Officer
Allegro MicroSystems has announced the promotions of Ian Kent to Senior Vice President, Operations, and Jamie Haas to Vice President, Chief Technology Officer. These appointments aim to strengthen Allegro’s senior leadership and drive its long-term strategy, with Kent overseeing worldwide manufacturing and supply chain, and Haas leading technology vision and AI product development. The company believes these promotions will ensure continuity and innovation as it focuses on motion control and energy-efficient semiconductor solutions.
Allegro MicroSystems promotes two executives to senior leadership
Allegro MicroSystems has promoted Ian Kent to Senior Vice President, Operations, and Jamie Haas to Vice President, Chief Technology Officer, to strengthen its senior leadership team. These changes support the company's long-term strategy, with Kent overseeing global operations and Haas leading technology vision and AI product strategy. The news comes as Allegro MicroSystems recently reported strong Q3 2026 financial results, exceeding analyst expectations for both EPS and revenue.
Allegro MicroSystems Appoints Ian Kent, Senior Vice President, Operations and Jamie Haas Vice President, Chief Technology Officer
Allegro MicroSystems has announced the promotion of Ian Kent to Senior Vice President, Operations and Jamie Haas to Vice President, Chief Technology Officer. Ian Kent will oversee worldwide manufacturing, quality, and supply chain operations, while Jamie Haas will lead the company's technology vision, strategic development, and AI product strategy. These appointments aim to strengthen the company's leadership team and drive its long-term strategic goals, particularly in innovation and AI integration.
Allegro MicroSystems Announces Leadership Promotions of Ian Kent to Senior Vice President, Operations and Jamie Haas to Vice President, Chief Technology Officer
Allegro MicroSystems has promoted Ian Kent to Senior Vice President, Operations, and Jamie Haas to Vice President, Chief Technology Officer. These promotions aim to strengthen the company's senior leadership team and drive long-term strategic goals, particularly in areas like global manufacturing, supply chain, AI, and machine learning. CEO Mike Doogue expressed confidence in their capabilities to enhance innovation and maintain Allegro's leadership in sectors such as automotive and clean energy.
Insiders take over Allegro’s factories and AI chip roadmap
Allegro MicroSystems has promoted Ian Kent to Senior Vice President of Operations and Jamie Haas to Vice President, Chief Technology Officer, effective February 3, 2026. Kent will oversee worldwide manufacturing, quality, and supply chain, while Haas will lead the company's technology vision, strategic development, and AI product and tool strategy. Both executives bring approximately 25 years of semiconductor experience, with Haas having over 20 years at Allegro, reinforcing the company's focus on execution and advancing its growth and AI strategies.
Allegro MicroSystems Appoints Ian Kent, Senior Vice President, Operations and Jamie Haas Vice President, Chief Technology Officer
Allegro MicroSystems has promoted Ian Kent to Senior Vice President, Operations, and Jamie Haas to Vice President, Chief Technology Officer. Kent will oversee worldwide manufacturing, quality, and supply chain operations, while Haas will lead the company's technology vision, strategic development, and AI product strategy. These appointments aim to strengthen Allegro's leadership as it focuses on executing its long-term strategic goals.
Allegro MicroSystems Announces Leadership Promotions of Ian Kent to Senior Vice President, Operations and Jamie Haas to Vice President, Chief Technology Officer
Allegro MicroSystems has promoted Ian Kent to Senior Vice President, Operations, and Jamie Haas to Vice President, Chief Technology Officer, to strengthen its senior leadership team and advance long-term strategic goals. Kent will oversee global manufacturing and supply chain, while Haas will lead technology vision, particularly in AI and machine learning. These appointments aim to enhance the company's innovation and market position in automotive and clean energy sectors.
Earnings call transcript: Allegro MicroSystems Q3 2026 beats EPS forecast, stock rises
Allegro MicroSystems reported Q3 2026 earnings, exceeding EPS and revenue forecasts with an EPS of $0.15 against an expected $0.14, and revenue of $229.2 million. The company's stock rose by 6.83% in pre-market trading following the announcement, driven by strong performance in e-mobility and data center markets. Allegro projects continued growth for Q4 FY2026, with sales between $230 million and $240 million and non-GAAP EPS between $0.14 and $0.18, emphasizing its focus on high-growth areas and technological innovation.
A Look At Allegro MicroSystems (ALGM) Valuation After Its Earnings Beat And Optimistic Outlook
Allegro MicroSystems (ALGM) saw a significant stock jump after reporting an earnings beat and strong outlook, driven by demand in automotive, e-Mobility, and data center industrial sectors. While Simply Wall St's narrative suggests the stock is still 3.9% undervalued with a fair value of $38.42 due to new product expansion and increased customer engagement, an alternative view highlights a cautionary signal as its P/S ratio of 8.1x is significantly higher than its peers and the industry average. Investors are encouraged to consider these different perspectives and assess risks like competition and dependence on auto demand.
Can Allegro MicroSystems’ (ALGM) New SiC Drivers Redefine Its High-Voltage Power Leadership Story?
Allegro MicroSystems (ALGM) has introduced new Power-Thru isolated SiC gate drivers and an ultra-low-loss current sensor, enhancing efficiency in high-voltage applications like EVs and AI data centers. While these products strengthen Allegro's long-term growth story, particularly in electrification markets, the company still faces challenges with unprofitability, automotive exposure, and pricing pressures. Investors are advised to consider various perspectives on Allegro's financial outlook and fair value estimates.
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (ALGM) and Elastic (ESTC)
Analysts from TipRanks have released new ratings for technology companies Allegro MicroSystems (ALGM) and Elastic (ESTC). Allegro MicroSystems received a Strong Buy consensus with a $43.60 average price target, while Elastic received a Moderate Buy consensus with a $100.19 average price target, including a recent upgrade by TipRanks – Google. These reports provide insights into the potential upside for investors in these stocks based on analyst evaluations.
Allegro Microsystems Posts Strong Beat, Guides Confidently Ahead
Allegro Microsystems (ALGM) reported strong Q3 earnings, exceeding guidance for revenue and EPS, driven by robust growth in automotive and industrial markets, particularly eMobility and data centers. The company also demonstrated improving margins, strong cash generation, and a healthy pipeline of design wins. Despite facing minor headwinds like geographic mix pressures and slight pricing declines, management provided a confident Q4 outlook, emphasizing sustained growth and operational discipline.
Analysts Offer Insights on Technology Companies: Allegro MicroSystems (ALGM) and Elastic (ESTC)
Analysts have provided new ratings for technology companies Allegro MicroSystems (ALGM) and Elastic (ESTC). Allegro MicroSystems received a Strong Buy consensus with a $43.60 average price target, implying a 17.4% upside. Elastic maintained a Moderate Buy consensus and a $100.19 average price target, suggesting a 49.0% upside.
UBS Adjusts Price Target on Allegro MicroSystems to $44 From $40, Maintains Buy Rating
UBS has increased its price target for Allegro MicroSystems (ALGM) from $40 to $44, while reaffirming its Buy rating on the stock. This adjustment comes after Allegro MicroSystems reported its Q3 2026 earnings, with strong results and positive guidance for the upcoming quarter. The company, a designer and manufacturer of sensor and analog power ICs, continues to see expansion in its market applications.
Allegro MicroSystems stock price target raised to $45 from $38 at TD Cowen
TD Cowen has increased its price target for Allegro MicroSystems (NASDAQ:ALGM) to $45 from $38, maintaining a Buy rating, following a strong revenue beat and new design wins. The semiconductor company's momentum in the data center business and healthy gross profit margins contributed to the positive outlook, with expectations of durable double-digit growth. This comes after Allegro MicroSystems also surpassed analyst expectations in its fiscal third-quarter earnings.
ALLEGRO MICROSYSTEMS, INC. SEC 10-Q Report
Allegro Microsystems, Inc. (ALGM) has released its latest Form 10-Q report, showcasing significant financial and operational growth. The report highlights increased net sales, gross profit, and net income, driven by demand in e-Mobility products and data center applications across global markets. The company plans to expand operations and pursue potential acquisitions to support future growth.
Allegro Microsystems (ALGM) jumps to 2-year high on swing to profitability, strong sales outlook
Allegro Microsystems (ALGM) saw its shares reach a two-year high following a strong quarterly earnings report that showed a swing to profitability. The company reported a significant increase in revenue and provided an optimistic sales forecast, signaling robust performance in the semiconductor market. This positive financial performance is likely driven by strong demand for its products across various sectors.
