Allegro MicroSystems, Inc. (NASDAQ:ALGM) stock has average price target of $51.58. October 28, 2026 Key points. * Analysts remain moderately bullish: Thirteen brokerages assign Allegro MicroSystems an average "Moderate Buy" rating, with a consensus 12-month price target of $51.58. Recent actions included target increases from Needham and Morgan Stanley, although Barclays downgraded the stock to "equal weight" and Weiss Ratings issued a sell rating. * Quarterly results exceeded expectations: Allegro reported EPS of $0.23 versus the $0.21 consensus and revenue of $259.24 million, up 27.5% year over year. Analysts expect full-year EPS of $0.65. * Shares opened at $33.98, well below the analyst target, while institutional investors own 56.45% of the company. An Allegro senior vice president recently sold 2,285 shares, reducing their holdings by 6.85%. * Tracking Allegro MicroSystems through earnings season? MarketBeat All Access sends real-time alerts on ratings, earnings, and news - $149 a year, locked in for as long as you stay. Shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $51.58. Several brokerages have recently commented on ALGM. Needham & Company LLC boosted their target price on Allegro MicroSystems from $55.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Weiss Ratings cut Allegro MicroSystems from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Barclays cut Allegro MicroSystems from an "overweight" rating to an "equal weight" rating and set a $48.00 price target for the company. in a report on Monday, July 20th. Wall Street Zen upgraded Allegro MicroSystems from a "hold" rating to a "buy" rating in a research report on Sunday, August 2nd. Finally, Morgan Stanley boosted their price objective on Allegro MicroSystems from $51.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Insider activity at Allegro MicroSystems. In related news, SVP Erin Hagen sold 2,285 shares of Allegro MicroSystems stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $44.39, for a total value of $101,431.15. Following the completion of the transaction, the senior vice president directly owned 31,052 shares of the company's stock, valued at $1,378,398.28. The trade was a 6.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock. Institutional inflows and outflows. Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in Allegro MicroSystems by 42.8% in the 1st quarter. Parallel Advisors LLC now owns 1,008 shares of the company's stock valued at $32,000 after acquiring an additional 302 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Allegro MicroSystems by 17.4% in the third quarter. SBI Securities Co. Ltd. now owns 2,059 shares of the company's stock worth $75,000 after acquiring an additional 305 shares during the last quarter. Signaturefd LLC raised its stake in shares of Allegro MicroSystems by 51.3% in the third quarter. Signaturefd LLC now owns 1,070 shares of the company's stock worth $39,000 after acquiring an additional 363 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new position in shares of Allegro MicroSystems during the second quarter worth approximately $27,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Allegro MicroSystems during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 56.45% of the company's stock. Allegro MicroSystems stock up 5.1%. Shares of ALGM stock opened at $33.98 on Wednesday. Allegro MicroSystems has a 12-month low of $22.41 and a 12-month high of $71.77. The company has a market capitalization of $6.33 billion, a P/E ratio of 566.43 and a beta of 1.99. The firm has a 50-day moving average price of $35.41 and a 200 day moving average price of $40.63. Discover more MarketBeat All Access MarketBeat Research Tools Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm had revenue of $259.24 million during the quarter, compared to analyst estimates of $251.44 million. Allegro MicroSystems's quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. As a group, research analysts expect that Allegro MicroSystems will post 0.65 earnings per share for the current year. Allegro MicroSystems company profile. Allegro MicroSystems, Inc is a semiconductor company that develops and manufactures magnetic sensing and power-management solutions. Its products are designed to help monitor motion, position, speed, current and temperature, as well as control power in electronic systems. The company's portfolio includes Hall-effect and other magnetic sensors, current sensors, motor drivers, regulators, LED drivers and related integrated circuits. These products are used in automotive applications such as advanced driver-assistance systems, vehicle electrification, powertrain systems, comfort features and safety systems, as well as in industrial and consumer equipment. Founded in 1990 and headquartered in Manchester, New Hampshire, Allegro serves customers globally through its international operations and distribution network. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. 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Allegro MicroSystems introduces new power and cooling solutions for sustainable 800V AI data centers. New products boost energy efficiency and power density as data centers transition to 800V power distribution and 48V cooling architectures. Manchester, NH - October 27, 2026 - Allegro MicroSystems, Inc. ("Allegro") (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced a series of products for AI data centers and high-performance computing systems that increase power density while helping designers better manage energy use, heat dissipation, and equipment size. As data centers move toward 800V power distribution and 48V cooling systems to address growing workloads, they require faster, more efficient and more compact semiconductor solutions. Allegro's expanded portfolio includes new wide-body higher isolation versions of the ACS37030 and ACS37002 current sensors, the AHV85311 Power-Thru(TM) isolated gate driver for silicon carbide power systems, and an improved version of the code-free QuietMotion(TM) A89333 48V motor driver. Together, these products help data center designers: * Safely monitor and control high voltage 800V power systems * Reduce energy lost during power conversion * Fit more power capability into limited board and rack space * Improve the efficiency and reliability of 48V cooling fans * Simplify system design and reduce development time Leading power solution provider Acbel Polytech has integrated Allegro's high-speed current sensors into its latest high-density power solutions for AI data centers to support precise power control and system protection. "As AI workloads continue to grow, data center power systems must deliver higher power density without compromising efficiency or reliability," said Rossi Lo, Head of Research and Development at Acbel. "As power distribution architectures evolve to support higher power and voltage levels, precise power control and rapid system protection are becoming increasingly critical, with current sensing playing a key role. By working closely with our industry partners and integrating new technologies into our power solutions, Acbel continues to advance our power solutions to meet the evolving requirements of next-generation AI data centers." Supporting the move to 800V power distribution. The ACS37030 and ACS37002 current sensors are now available in wide-body packages with a high comparative tracking index (CTI) mold compound enabling 6000V of galvanic isolation for enhanced electrical safety in high-voltage systems. The new sensors provide the fast, accurate current measurement needed to protect power supplies, battery backup units and capacitor banks when AI workloads create sudden changes in power demand. The compact package also helps customers support 800V systems without increasing the size of the rack power shelf or power supply unit. Allegro's AHV85311 Power-Thru isolated gate driver for silicon carbide (SiC) FETs further simplifies high-voltage power designs by eliminating the need for a separate isolated power supply. This design simplification can reduce circuit-board space by up to 50%, helping designers build smaller power supplies and faster solid-state circuit breakers for 800V data center systems. Improving the efficiency of 48V cooling systems. Cooling is a major source of energy consumption in AI data centers. Allegro's augmented QuietMotion(TM) A89333 motor driver helps improve the operation of 48V server cooling fans without requiring customers to develop complex motor-control software. The A89333 features built-in control technology that automatically manages changing airflow conditions and supports the compact fans used in 1U, 2U and 4U servers. This helps system designers improve cooling efficiency, reduce development effort and maintain reliable operation as computing density increases. The same class of products are also designed to support pumps for liquid cooling systems. Creating value for customers and supporting long-term growth. The shift to 800V power and 48V cooling is reshaping AI data center infrastructure. Allegro is using its expertise in current sensing, power management and motor control to help customers navigate this transition safely, efficiently and sustainably, advancing the all-electric society from the road to the rack. "The key challenge for AI data centers is to use less energy and operate more efficiently while safely delivering significantly more computing power," said Troy Coleman, Senior Vice President of Products at Allegro. "Our new products address these challenges at critical points in the system - from high-voltage power conversion and protection to intelligent cooling. This expands the value Allegro can provide as customers invest in the next generation of AI infrastructure." Based on third-party data and internal estimates, Allegro projects its serviceable addressable market (SAM) for AI data centers will reach $1.7 billion by fiscal 2031. Beyond AI data centers, the new products are well-suited for use in industrial automation, robotics and automotive on-board charging systems where efficient 48V operation, high-voltage isolation and compact design are increasingly important. Allegro will showcase these technologies at electronica 2026 in Munich this November at Hall C6, Booth 129. For additional information, visit allegromicro.com/datacenter.

Allegro MicroSystems unveils 48V Power and precision sensing solutions to enhance physical AI in humanoid robotics. New portfolio addresses critical size, weight, and safety challenges in humanoid robots, as Sarcomere Dynamics collaboration enables near-human dexterity. MANCHESTER, NH - October 20, 2026 - Allegro MicroSystems, Inc. ("Allegro") (Nasdaq: ALGM), a global leader for motion control and energy-efficient systems, is expanding its robotics portfolio with precision sensing and 48V power architectures to address key hardware challenges in physical AI, including torque density, thermal management, and functional safety for human-robot collaboration. Key Portfolio Innovations Include: * 48V Power Integration: The A81481 48V Power Management IC (PMIC) reduces overall system footprint and hardware costs by 50% while accelerating time-to-market for robotics OEMs. * High-Torque Joint Precision: The A17802 and A17803 inductive position sensors deliver stray-field immunity without supplemental shielding and tolerate mechanical air-gap variations. * Micro-Joint Dexterity: The CT310 XtremeSense(TM) TMR and A33023 Hall-effect angle sensors deliver sub-degree, solid-state accuracy to replace bulky wire-wound resolvers and optical encoders. "Precise motion control, accurate sensing, and efficient power management are fundamental to advanced robotic manipulation," said Harpal J.S. Mandaher, CEO and co-founder of Sarcomere Dynamics Inc. "We're proud to partner with Allegro to integrate their advanced motion controllers, sensors, and power ICs into our Scorpion gripper and are on track to extend this collaboration to our next-generation ARTUS Dex - a 24-degree-of-freedom (DoF) robotic hand that delivers near-human dexterity for advanced physical AI applications." Single-Chip PMIC simplifies and shrinks 48V robotic power design. As humanoid designs adopt 48V architectures to reduce cabling weight and minimize resistive losses, engineers face the challenge of safely stepping down higher voltages within tight enclosures. Leveraging decades of automotive engineering experience, Allegro's A81481 addresses this directly. As a single-chip 48V PMIC engineered for safety-critical robotics, it delivers complete system power and safety regulation directly from a 48V bus, eliminating the need for external pre-regulators. By integrating dual buck regulators, five low-dropout (LDO) outputs, and ASIL-D-capable safety diagnostics (including a triple-watchdog architecture) into a 6x6 mm compact package, the A81481 powers remote sensing clusters while simplifying board layout and cutting total system footprint and BOM costs by roughly 50%. Sub-Degree precision for fluid, natural motion. For high-torque actuators like shoulder, hip, and knee joints, the A17802 and A17803 inductive position sensors provide accurate and reliable position measurement in demanding motor control environments. The A17803 is also available in an ultra-compact QFN package, and both sensors deliver reliable operation under varying air gaps through on-chip compensation and advanced filtering, while built-in stray-field immunity eliminates the need for expensive shielding. For the tighter mechanical constraints of robotic hands and fingers, Allegro's CT310 XtremeSense(TM) TMR and A33023 Hall-effect angle sensors offer greater resilience to contamination, mechanical shock, and runout that can degrade traditional encoder technologies. The CT310 delivers sub-degree accuracy in a 2x2 mm DFN package, while the A33023 adds low-latency, stray-field immunity, and multiple digital output options for applications requiring robust diagnostics and functional safety support. "In fixed industrial robots, weight and space are less constrained because thick cables, large external drives and liquid cooling are practical," said Andreas Friedrich, Senior Director of Technology & Strategy at Allegro MicroSystems. "But in autonomous humanoids with 30-plus degrees of freedom, every gram and millimeter matters. By combining true 48V power management, robust motor and gate drivers, stray-field-immune inductive and compact TMR sensors, we give robotics engineers integrated, safety ready building blocks to maximize torque, manage tight tolerances, and enable fluid motion."