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Allegro MicroSystems ( (ALGM) ) has shared an announcement.
On January 21, 2026, Allegro MicroSystems, Inc. amended its existing credit agreement to add a new $285 million tranche of term loans maturing on October 31, 2030, primarily to refinance all outstanding term loans issued under a prior amendment, cover related fees and expenses, and support general corporate purposes. The new term loans, which carry no annual amortization and offer the company a choice between a Term SOFR-based rate plus 1.75% or a floating base rate plus 0.75%, effectively extend the company’s debt maturities and may improve financial flexibility by locking in longer-term financing and preserving cash flow, with implications for its capital structure and future borrowing capacity.
The most recent analyst rating on (ALGM) stock is a Buy with a $39.00 price target. To see the full list of analyst forecasts on Allegro MicroSystems stock, see the ALGM Stock Forecast page.
Spark’s Take on ALGM Stock
According to Spark, TipRanks’ AI Analyst, ALGM is a Neutral.
The score reflects improving operating momentum and constructive guidance (automotive and data center strength) alongside bullish technical trends. These positives are tempered by weak profitability/negative ROE and an unattractive valuation signal from the negative P/E, with added (but conditional) benefit from the refinancing initiative.
To see Spark’s full report on ALGM stock, click here.
More about Allegro MicroSystems
Allegro MicroSystems, Inc. operates in the semiconductor industry, providing analog and mixed-signal power and sensing solutions used in a range of applications across automotive and industrial markets. The company finances its operations in part through a syndicated credit facility with institutional lenders, arranged and administered by Morgan Stanley Senior Funding, Inc.
Average Trading Volume: 2,157,396
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.17B
Learn more about ALGM stock on TipRanks’ Stock Analysis page.