Allegro MicroSystems, Inc. which can be found using ticker (ALGM) now have 9 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $35.00 and $25.00 suggesting an average analyst share price target price of $30.46. (at the time of writing). Given that the stocks previous close was at $21.58 and the analysts are correct then we can expect a percentage increase in value of 41.1%. Also worth taking note is the 50 day moving average now sits at $22.52 and the 200 day moving average is $26.86. The total market capitalization for the company now stands at 4.24B. The current share price for the company is: $23.04 USD
The potential market cap would be $5,980,669,090 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 60.63, 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.
