# Allegro MicroSystems, Inc.  Share Price Target ‘$38.13’, now 27.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.share-price-target-38.13-now-27.8-upside-potential/4121141960
- Published: 2024-02-09T15:14:08+00:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** which can be found using ticker (ALGM) have now 8
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
$45.00 and $33.00 suggesting an average analyst share price target price of $38.13.(
at the time of writing). Now with the previous closing price of $29.84 and the analysts
are correct then we can expect a percentage increase in value of 27.8%. Also worth
taking note is the 50 day moving average now sits at $28.32 and the 200 day moving
average is $34.76. The company has a market cap of 5.93B. The stock price is currently
at: $30.69 USD

 The potential market cap would be $7,573,656,772 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 26.92, revenue per share of $5.61
and a 11.35% 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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