# Allegro MicroSystems, Inc. – Consensus ‘buy’ rating and 69.7% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.consensus-buy-rating-and-69.7-upside-potential/4121129712
- Published: 2023-10-13T13:32:12+01:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** with ticker code (ALGM) have now 7 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between 60 and 34 with the
average target price sitting at $52.29. Given that the stocks previous close was
at $30.81 and the analysts are correct then we can expect a percentage increase 
in value of 69.7%. There is a 50 day moving average of $35.52 and the 200 moving
average now moves to $39.94. The company has a market capitalization of 5.87B. The
current share price for the company is: 30.52 USD

 The potential market cap would be $9,964,657,098 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 24.81, 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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