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The latest update is out from Allegro MicroSystems ( (ALGM) ).
On August 7, 2025, Allegro MicroSystems held its Annual Meeting of Shareholders where three key proposals were addressed. Shareholders elected three directors, ratified the appointment of PricewaterhouseCoopers as the independent auditor for the fiscal year ending March 27, 2026, and approved the company’s executive compensation, reflecting continued support for the company’s strategic direction.
The most recent analyst rating on (ALGM) stock is a Buy with a $45.00 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.
Allegro MicroSystems is navigating financial headwinds with declining profitability, but strong performance in recent earnings and innovation provide a positive outlook. Technical analysis reflects weak momentum, and valuation remains a concern due to negative earnings. The company’s strategic initiatives and robust segment growth are significant positives amidst the challenges.
To see Spark’s full report on ALGM stock, click here.
More about Allegro MicroSystems
Allegro MicroSystems, Inc. operates in the semiconductor industry, primarily focusing on developing and manufacturing sensor integrated circuits and application-specific analog power integrated circuits.
Average Trading Volume: 2,183,997
Technical Sentiment Signal: Buy
Current Market Cap: $5.7B
See more insights into ALGM stock on TipRanks’ Stock Analysis page.