Allegro MicroSystems (ALGM)

• Market cap: $4.75B
• 1 day: 2.71%
• 5 days: -3.91%
• 1 month: 0.74%
• 3 months: 13.15%
• 6 months: 17.11%
• Year to date: 13.15%
• 1 year: -3.87%
• 5 years: 45.82%
• 10 years: 45.82%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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 filings by fund managers ($100M+ AUM)

75% more call options, than puts

Call options by funds: $29.9M | Put options by funds: $17.1M

30% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 40

8.88% more ownership

Funds ownership: 68.43% [Q3] → 77.3% (+8.88%) [Q4]

4% more funds holding

Funds holding: 245 [Q3] → 255 (+10) [Q4]

12% less capital invested

Capital invested by funds: $3.55B [Q3] → $3.12B (-$428M) [Q4]

26% less repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 106

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $23 11% downside
• Avg. target: $28 9% upside
• High target: $31 20% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Mizuho Vijay Rakesh 14% 1-year accuracy 9 / 65 met price target	20% upside $31	Outperform Maintained	24 Mar 2025
Needham Quinn Bolton 22% 1-year accuracy 32 / 147 met price target	16% upside $30	Buy Reiterated	24 Feb 2025
Morgan Stanley Joseph Moore 40% 1-year accuracy 25 / 62 met price target	11% downside $23	Equal-Weight Maintained	3 Feb 2025
Barclays Blayne Curtis 30% 1-year accuracy 17 / 57 met price target	16% upside $30	Overweight Maintained	17 Jan 2025
Wells Fargo Joseph Quatrochi 27% 1-year accuracy 6 / 22 met price target	5% upside $27	Overweight Maintained	13 Jan 2025