Allegro MicroSystems (NASDAQ:ALGM) Price Target Cut to $48.00 by Analysts at TD Cowen

Posted by Brian Himes on Jul 31st, 2026

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) had its target price lowered by TD Cowen from $66.00 to $48.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 14.73% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Allegro MicroSystems from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Evercore reiterated an “outperform” rating and set a $53.00 price objective on shares of Allegro MicroSystems in a research note on Friday, May 8th. Wells Fargo & Company raised their price objective on shares of Allegro MicroSystems from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. UBS Group boosted their target price on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Mizuho upped their target price on shares of Allegro MicroSystems from $54.00 to $67.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Nine research 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, Allegro MicroSystems presently has an average rating of “Moderate Buy” and a consensus price target of $53.60.

Get Our Latest Stock Analysis on ALGM

Allegro MicroSystems Stock Up 0.9%

ALGM traded up $0.39 on Friday, reaching $41.84. The company’s stock had a trading volume of 595,451 shares, compared to its average volume of 2,631,723. Allegro MicroSystems has a 1 year low of $22.41 and a 1 year high of $71.77. The business’s 50 day moving average is $51.91 and its 200 day moving average is $42.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of -464.17 and a beta of 1.90.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The company had revenue of $259.24 million for the quarter, compared to the consensus estimate of $251.44 million. During the same period in the previous year, the business earned $0.09 EPS. Allegro MicroSystems’s revenue for the quarter was up 27.5% compared to the same quarter last year. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. As a group, research analysts forecast that Allegro MicroSystems will post 0.77 EPS for the current fiscal year.

Insider Buying and Selling at Allegro MicroSystems

In related news, CAO Roald Graham Webster sold 5,217 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $44.88, for a total transaction of $234,138.96. Following the transaction, the chief accounting officer directly owned 13,106 shares in the company, valued at $588,197.28. This trade represents a 28.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Doogue sold 30,089 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $47.23, for a total value of $1,421,103.47. Following the transaction, the chief executive officer owned 252,797 shares in the company, valued at $11,939,602.31. This trade represents a 10.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 68,607 shares of company stock worth $3,213,714. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ALGM. Lecap Asset Management Ltd. acquired a new position in Allegro MicroSystems in the fourth quarter valued at approximately $783,000. Norges Bank bought a new stake in shares of Allegro MicroSystems in the 4th quarter worth approximately $38,457,000. Lightrock Netherlands B.V. bought a new stake in shares of Allegro MicroSystems in the 4th quarter worth approximately $9,349,000. S Squared Technology LLC boosted its position in Allegro MicroSystems by 15.1% during the 4th quarter. S Squared Technology LLC now owns 457,451 shares of the company’s stock valued at $12,068,000 after purchasing an additional 60,000 shares during the period. Finally, Altfest L J & Co. Inc. acquired a new position in Allegro MicroSystems during the 4th quarter valued at approximately $430,000. 56.45% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Allegro MicroSystems

Here are the key news stories impacting Allegro MicroSystems this week:

Positive Sentiment: Quarterly results exceeded expectations: Allegro reported adjusted EPS of $0.23 versus the $0.21 consensus estimate and revenue of $259.24 million versus expectations of $251.44 million. Revenue increased 27.5% year over year, while EPS rose from $0.09 in the prior-year quarter. Allegro MicroSystems Beats Q1 Earnings and Revenue Estimates
Positive Sentiment: Data-center momentum is accelerating: Management highlighted record data-center sales, stronger bookings, expanding design wins and rising semiconductor content opportunities tied to AI infrastructure. Electrification and industrial automation also contributed to the company’s growth outlook. ALGM Q1 Earnings Call Highlights AI Data Center Growth
Positive Sentiment: Outlook topped revenue expectations: Fiscal Q2 2027 guidance calls for EPS of $0.23 to $0.26 and revenue of $265 million to $275 million, modestly ahead of consensus revenue expectations. Allegro MicroSystems Reports First Quarter 2027 Results
Positive Sentiment: Analyst support improved: Needham raised its price target from $55 to $57 and maintained a Buy rating, implying substantial upside from recent trading levels.
Neutral Sentiment: Fair-value estimates edged higher, but mixed analyst commentary suggests valuation and execution concerns remain alongside the company’s growth potential. Allegro MicroSystems Stock Fair Value Edges Higher

Allegro MicroSystems Company Profile

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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.