# Allegro MicroSystems, Inc. – Consensus ‘buy’ rating and 68.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.consensus-buy-rating-and-68.7-upside-potential/4121127589
- Published: 2023-09-19T13:54:09+01:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** with ticker code (ALGM) now have 6 analysts in total
covering the stock. The consensus rating is pointing to ‘buy’. The range between
the high target price and low target price is between 60 and 50 with the average
target price sitting at $55.33. Given that the stocks previous close was at $32.79
this indicates there is a potential upside of 68.7%. There is a 50 day moving average
of $41.86 and the 200 day moving average is $39.93. The market cap for the company
is 6.39B. The stock price for the company is currently 33.2 USD

 The potential market cap would be $10,777,257,356 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 27.9, revenue per share of 5.4 and
a 14.84% 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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