Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, such as regulator, power management ICs, and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment. It operates in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire.
Automotive Dominance | Allegro Microsystems, a key player in magnetic sensing and power ICs, derives 75% of revenue from automotive sector, with 12% from electric vehicles |
Financial Resilience | Despite industry headwinds, Allegro reported strong Q1 2025 results and positive guidance, with management actively buying back shares |
Market Expansion | Explore Allegro's potential for significant market share gains in China, offsetting challenges in North America and Europe |
Analyst Projections | Average price target of $24.75, with forecasts ranging from $21 to $30, reflecting varied outlooks on Allegro's growth and profitability |
Metrics to compare | ALGM | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipALGMPeersSector | |
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P/E Ratio | −76.4x | −10.6x | 12.0x | |
PEG Ratio | 0.39 | −0.12 | 0.01 | |
Price/Book | 5.7x | 1.7x | 2.4x | |
Price / LTM Sales | 6.9x | 2.9x | 2.4x | |
Upside (Analyst Target) | 30.6% | 11.7% | 14.4% | |
Fair Value Upside | Unlock | 17.4% | 2.2% | Unlock |