Allegro MicroSystems, Inc. which can be found using ticker (ALGM) now have 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘strong_buy’. The target price High/Low ranges between $50.00 and $21.00 and has a mean target at $28.68. Given that the stocks previous close was at $21.73 this is indicating there is a potential upside of 32.0%. The 50 day moving average now sits at $21.38 while the 200 day moving average is $25.94. The market capitalization for the company is 4.14B. The price for the stock stands currently at: $22.52 USD
The potential market cap would be $5,467,908,452 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 -, revenue per share of $4.42 and a 3.04% 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.
