Allegro MicroSystems, Inc. which can be found using ticker (ALGM) have now 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $35.00 and $28.00 suggesting an average Analsyt target price of $32.01. Given that the stocks previous close was at $22.75 this would indicate that there is a potential upside of 40.7%. It’s also worth noting that there is a 50 day moving average of $23.77 and the 200 moving average now moves to $27.70. The total market capitalization for the company now stands at 4.41B. The price for the stock stands currently at: $23.97 USD
The potential market cap would be $6,202,419,600 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 63.08, revenue per share of $4.86 and a 6.35% 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.
