Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog 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, regulator 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.
Magnetic Market Leade | Allegro Microsystems dominates magnetic sensing and power ICs, with 75% of business in automotive and 12% in electric vehicles |
Recovery Challenges | Explore Allegro's efforts to improve fundamentals amid industry-wide inventory destocking, ASP pressure, and slower content growth in vehicles |
Competitive Edge | Delve into Allegro's position against Infineon and Melexis, with potential market share gains in China and TMR technology adoption as key differentiators |
Future Projections | Analysts forecast revenue growth to $878 million by 2026, with EPS estimates ranging from $0.23 to $0.96. Average price target: $27.00 |
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 | −74.9x | 6.3x | 11.6x | |
PEG Ratio | 0.57 | −0.12 | 0.01 | |
Price/Book | 5.2x | 1.6x | 2.4x | |
Price / LTM Sales | 6.3x | 1.4x | 2.1x | |
Upside (Analyst Target) | 12.9% | 42.8% | 27.8% | |
Fair Value Upside | Unlock | 34.3% | 6.6% | Unlock |