# Allegro MicroSystems, Inc.  Share Price Target ‘$38.86’, now 48.6% Upside Potential

- Link: https://www.directorstalkinterviews.com/allegro-microsystems-inc.share-price-target-38.86-now-48.6-upside-potential/4121150435
- Published: 2024-04-05T15:08:53+01:00
- Author: Charlotte Edwards

**Allegro MicroSystems, Inc.** which can be found using ticker (ALGM) now have 7
analysts in total covering the stock. The consensus rating is pointing to ‘buy’.
The target price High/Low ranges between $45.00 and $35.00 suggesting an average
analyst share price target price of $38.86. (at the time of writing). Given that
the stocks previous close was at $26.15 this would imply there is now a potential
upside of 48.6%. It’s also worth noting that there is a 50 day moving average of
$29.14 while the 200 day moving average is $33.03. The company has a market capitalization
of 5.08B. The stock price for the company is currently $26.31 USD

 The potential market cap would be $7,550,794,959 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 23.08, revenue per share of $5.61
and a 11.18% 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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