<div id="readability-page-1">Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) had its target price increased by equities research analysts at Needham &amp; Company LLC from $45.00 to $55.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a &#34;buy&#34; rating on the stock. Needham &amp; Company LLC's target price indicates a potential upside of 14.75% from the company's current price.<div>Get Allegro MicroSystems alerts:</div><ul><li>Why These 3 Automotive &amp; Industrial Chip Stocks Just Soared</li></ul>Other equities research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Allegro MicroSystems from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Sunday, January 18th. Jefferies Financial Group reiterated a &#34;buy&#34; rating and set a $45.00 target price on shares of Allegro MicroSystems in a research note on Thursday, February 19th. Wells Fargo &amp; Company increased their target price on shares of Allegro MicroSystems from $45.00 to $48.00 and gave the stock an &#34;overweight&#34; rating in a research note on Wednesday, February 11th. TD Cowen increased their price target on shares of Allegro MicroSystems from $38.00 to $45.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, January 30th. Finally, Bank of America increased their price target on shares of Allegro MicroSystems from $36.00 to $39.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, January 21st. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $46.00.Get Our Latest Analysis on Allegro MicroSystems<h2>Allegro MicroSystems Stock Performance</h2><ul><li>Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% Drops</li></ul>Shares of ALGM traded down $3.44 during mid-day trading on Thursday, hitting $47.93. 5,308,433 shares of the company's stock were exchanged, compared to its average volume of 2,416,250. Allegro MicroSystems has a fifty-two week low of $19.75 and a fifty-two week high of $51.40. The firm has a market capitalization of $8.88 billion, a P/E ratio of -599.13 and a beta of 2.02. The business's 50 day moving average is $36.25 and its two-hundred day moving average is $32.67. The company has a current ratio of 3.65, a quick ratio of 2.39 and a debt-to-equity ratio of 0.30. Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. Allegro MicroSystems had a negative net margin of 1.57% and a positive return on equity of 4.35%. The business had revenue of $243.19 million during the quarter, compared to the consensus estimate of $235.94 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business's quarterly revenue was up 26.1% compared to the same quarter last year. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. On average, equities analysts expect that Allegro MicroSystems will post 0.27 earnings per share for the current year. <h2>Institutional Inflows and Outflows</h2><ul><li>Better Than NVIDIA: Top 2 Semiconductor Stocks to Watch Today</li></ul>A number of hedge funds have recently added to or reduced their stakes in ALGM. Bank of America Corp DE increased its holdings in Allegro MicroSystems by 136.6% in the third quarter. Bank of America Corp DE now owns 952,679 shares of the company's stock valued at $27,818,000 after buying an additional 3,556,410 shares in the last quarter. Invesco Ltd. increased its stake in shares of Allegro MicroSystems by 44.0% during the 4th quarter. Invesco Ltd. now owns 7,651,051 shares of the company's stock worth $201,835,000 after purchasing an additional 2,338,624 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Allegro MicroSystems by 189.4% during the 2nd quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company's stock worth $94,360,000 after purchasing an additional 1,806,183 shares in the last quarter. Norges Bank purchased a new position in shares of Allegro MicroSystems during the 4th quarter worth approximately $38,457,000. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of Allegro MicroSystems by 77.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,803,944 shares of the company's stock worth $73,968,000 after purchasing an additional 1,227,317 shares in the last quarter. 56.45% of the stock is owned by hedge funds and other institutional investors. <h2>Key Stories Impacting Allegro MicroSystems</h2>Here are the key news stories impacting Allegro MicroSystems this week:<ul> <li>Positive Sentiment: Q4 results beat estimates: Allegro reported $0.17 EPS vs. consensus $0.16 and revenue of $243.2M vs. $235.9M, showing a clear revenue and EPS beat that supports near-term momentum. Allegro MicroSystems, Inc. (ALGM) Q4 Earnings and Revenues Surpass Estimates</li> <li>Positive Sentiment: Strong revenue growth and FY scale: Q4 sales were up ~26% YoY and fiscal‑year 2026 sales rose ~23% to $890M — evidence of demand traction in its automotive and industrial end markets. Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2026 Results</li> <li>Positive Sentiment: Guidance roughly in line: Management set Q1 FY27 EPS guidance of $0.190–$0.230 and revenue guidance of $245–$255M, which overlaps consensus (EPS consensus ~$0.190; revenue consensus ~$246.6M) — guidance that reduces downside surprise risk. Earnings / Guidance Details and Conference Call</li> <li>Neutral Sentiment: Analyst stance and coverage: Consensus analyst sentiment is modestly constructive (consensus “Moderate Buy”), which supports interest but doesn’t imply strong upgrade-driven buying. Analyst Consensus: Moderate Buy</li> <li>Neutral Sentiment: Valuation context: Recent sector rally and rising optimism have prompted valuation re-checks; investors are balancing growth versus cyclical/valuation risk for semiconductor suppliers. Valuation Check After Sector Rally</li> <li>Negative Sentiment: Profitability and margin concerns: Despite revenue growth, Allegro reported a negative net margin (-1.57%) and modest ROE, which can make investors sensitive to any signals that margin recovery will be slow or that costs/one‑offs pressured results. Earnings / Margin Details</li> </ul><h2>About Allegro MicroSystems</h2> (Get Free Report)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.<h2>Featured Stories</h2><ul><li>Five stocks we like better than Allegro MicroSystems</li></ul><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUxHTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUxHTQ"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Allegro MicroSystems Right Now?</h2>Before you consider Allegro MicroSystems, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegro MicroSystems wasn't on the list.While Allegro MicroSystems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

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Needham & Company LLC has raised its price target for Allegro MicroSystems (NASDAQ:ALGM) from $45.00 to $55.00, maintaining a "buy" rating. This new target suggests a potential upside of 14.75% from the current price. Other analysts have also upgraded their ratings, with a consensus rating of "Moderate Buy" and an average price target of $46.00. Allegro MicroSystems reported a quarterly revenue of $243.19 million, exceeding estimates, and has set its Q1 2027 guidance at 0.190-0.230 EPS.

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Allegro MicroSystems (NASDAQ:ALGM) Given New $55.00 Price Target at Needham & Company LLC