# Allegro MicroSystems, Inc. – Consensus ‘buy’ rating and 40.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.consensus-buy-rating-and-40.5-upside-potential/4121166103
- Published: 2024-07-26T12:12:49+01:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** which can be found using ticker (ALGM) have now 7
market analysts covering the stock. The analyst consensus now points to a rating
of ‘buy’. The target price High/Low ranges between $37.00 and $32.00 and has a mean
target at $34.71. Now with the previous closing price of $24.70 this is indicating
there is a potential upside of 40.5%. The day 50 moving average is $29.41 and the
200 moving average now moves to $28.69. The company has a market cap of 4.71B. The
stock price is currently at: $24.31 USD

 The potential market cap would be $6,624,684,474 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 31.17, revenue per share of $5.45
and a 10.04% return on assets.

Allegro MicroSystems, Inc. is a global designer, developer, manufacturer, and marketer
of sensor integrated circuits (ICs) and application-specific analog power ICs enabling
the technologies in the automotive and industrial markets. The Company is a supplier
of magnetic sensor IC solutions. It focuses on providing IC solutions to sense, 
regulate and drive a variety of mechanical systems. This includes sensing the angular
or linear position of a shaft or actuator, driving an electric motor or actuator,
and regulating the power applied to sensing and driving circuits. Its sensor ICs
enable its customers to measure motion, speed, position and current, while its power
ICs include high-temperature and high-voltage capable motor driver, power management
and light emitting diode (LED) driver ICs. Its photonics portfolio provides eye-
safe distance measurement and three-dimensional (3D) imaging solutions. It sells
magnetic sensor ICs, power ICs and photonics in the Americas, EMEA and Asia.

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