Allegro MicroSystems, Inc. (NASDAQ:ALGM) Stock Rated “Moderate Buy” by Wall Street Analysts

Posted by Stanley Muller on Oct 8th, 2026

Allegro MicroSystems, Inc. (NASDAQ:ALGM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $53.17.

Several research firms recently weighed in on ALGM. Weiss Ratings upgraded shares of Allegro MicroSystems from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. TD Cowen dropped their target price on shares of Allegro MicroSystems from $66.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Mizuho decreased their price target on shares of Allegro MicroSystems from $67.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Wall Street Zen upgraded Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Morgan Stanley increased their price objective on Allegro MicroSystems from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, July 31st.

Get Our Latest Stock Report on ALGM

Allegro MicroSystems Stock Down 4.5%

Shares of NASDAQ:ALGM opened at $37.03 on Friday. The business’s 50 day moving average is $37.92 and its 200 day moving average is $43.32. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 617.27, a PEG ratio of 1.22 and a beta of 1.99. The company has a quick ratio of 2.33, a current ratio of 3.70 and a debt-to-equity ratio of 0.30. Allegro MicroSystems has a 12-month low of $22.41 and a 12-month high of $71.77.

Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $259.24 million for the quarter, compared to analysts’ expectations of $251.44 million. Allegro MicroSystems had a net margin of 1.50% and a return on equity of 8.30%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. On average, sell-side analysts forecast that Allegro MicroSystems will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Erin Hagen sold 2,285 shares of Allegro MicroSystems stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $44.39, for a total value of $101,431.15. Following the completion of the sale, the senior vice president owned 31,052 shares of the company’s stock, valued at approximately $1,378,398.28. This trade represents a 6.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Allegro MicroSystems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Archford Capital Strategies LLC bought a new stake in shares of Allegro MicroSystems in the second quarter valued at approximately $348,000. Nykredit A S bought a new position in Allegro MicroSystems in the 2nd quarter worth approximately $264,000. Corient Private Wealth LP grew its stake in Allegro MicroSystems by 39.8% in the 2nd quarter. Corient Private Wealth LP now owns 19,425 shares of the company’s stock valued at $1,352,000 after buying an additional 5,526 shares in the last quarter. Amundi purchased a new position in Allegro MicroSystems in the 2nd quarter valued at approximately $3,430,000. Finally, HighTower Advisors LLC bought a new stake in Allegro MicroSystems during the 2nd quarter valued at $434,000. Institutional investors own 56.45% of the company’s stock.

Allegro MicroSystems Company Profile

(Get Free Report)

Allegro MicroSystems, Inc (NASDAQ:ALGM) develops and manufactures semiconductor solutions that enable motion, power management and energy efficiency in automotive and industrial applications. The company specializes in sensor integrated circuits and power semiconductor devices designed to monitor, control and improve the performance of electronic systems.

Its product portfolio includes magnetic sensors for detecting position, speed, current and angle, as well as power management integrated circuits, motor drivers, LED driver ICs and other application-specific solutions.