Allegro MicroSystemsALGM
About: Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories such as SENSE which includes Current Sensors, Switches and Latches, and Interface ICs among others; REGULATE which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC, and others. Key revenue for the company is generated from Greater China and the rest from the United States, Japan, Europe, and other regions.
Employees: 4,593
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
75% more call options, than puts
Call options by funds: $29.9M | Put options by funds: $17.1M
28% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 40
13.74% more ownership
Funds ownership: 63.48% [Q3] → 77.22% (+13.74%) [Q4]
4% more funds holding
Funds holding: 245 [Q3] → 254 (+9) [Q4]
6% less capital invested
Capital invested by funds: $3.29B [Q3] → $3.11B (-$186M) [Q4]
26% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 106
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Mizuho Vijay Rakesh 13% 1-year accuracy 9 / 70 met price target | 88%upside $31 | Outperform Maintained | 24 Mar 2025 |
Needham Quinn Bolton 14% 1-year accuracy 20 / 145 met price target | 81%upside $30 | Buy Reiterated | 24 Feb 2025 |
Morgan Stanley Joseph Moore 37% 1-year accuracy 23 / 62 met price target | 39%upside $23 | Equal-Weight Maintained | 3 Feb 2025 |
Financial journalist opinion
Based on 7 articles about ALGM published over the past 30 days
