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NASDAQ:ALGM

Allegro MicroSystems (ALGM) Stock Price, News & Analysis

Allegro MicroSystems logo
$38.35 -1.04 (-2.64%)
Closing price 04:00 PM Eastern
Extended Trading
$38.85 +0.50 (+1.30%)
As of 07:49 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

About Allegro MicroSystems Stock (NASDAQ:ALGM)

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Key Stats

Today's Range
$37.49
$40.30
50-Day Range
$38.35
$69.62
52-Week Range
$22.41
$71.77
Volume
2.50 million shs
Average Volume
2.27 million shs
Market Capitalization
$7.15 billion
P/E Ratio
639.27
Dividend Yield
N/A
Price Target
$53.45
Consensus Rating
Moderate Buy

Company Overview

Allegro MicroSystems, Inc. (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide. Its semiconductors are used in electric and hybrid vehicles, advanced driver-assistance systems, industrial automation equipment, consumer appliances and computing platforms. The company’s design, engineering and quality systems are certified to industry standards, supporting global original equipment manufacturers (OEMs) in North America, Europe and Asia.

Founded in Manchester, New Hampshire, Allegro MicroSystems has grown from a small power-semiconductor spin-off into a publicly traded corporation. The company completed its initial public offering in October 2021 and maintains headquarters in the U.S. along with design centers in the United Kingdom, Poland and China. Allegro’s operations are backed by a diverse supply chain and strategic partnerships with wafer foundries and assembly test providers.

Led by an experienced management team with decades of semiconductor industry expertise, Allegro continues to invest in research and development to drive innovation in power efficiency, sensing accuracy and compact system integration. The company’s ongoing roadmap emphasizes next-generation wide-bandgap power devices, advanced sensor technologies and integrated solutions aimed at enabling greener transportation and smarter industrial systems.

AI Generated. May Contain Errors.

Allegro MicroSystems Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
88th Percentile Overall Score

ALGM MarketRank™: 

Allegro MicroSystems scored higher than 88% of companies evaluated by MarketBeat, and ranked 122nd out of 603 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Allegro MicroSystems has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 1 strong buy rating, 9 buy ratings, 1 hold rating, and 1 sell rating.

  • Upside Potential

    Allegro MicroSystems has a consensus price target of $53.45, representing about 39.4% upside from its current price of $38.35.

  • Amount of Analyst Coverage

    Allegro MicroSystems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Allegro MicroSystems' stock forecast and price target.
  • Earnings Growth

    Earnings for Allegro MicroSystems are expected to grow by 107.69% in the coming year, from $0.65 to $1.35 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Allegro MicroSystems is 639.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.60.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Allegro MicroSystems is 639.27, which means that it is trading at a more expensive P/E ratio than the Technology sector average P/E ratio of about 73.08.

  • Price to Earnings Growth Ratio

    Allegro MicroSystems has a PEG Ratio of 1.40. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Allegro MicroSystems has a P/B Ratio of 7.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Allegro MicroSystems' valuation and earnings.
  • Percentage of Shares Shorted

    5.96% of the float of Allegro MicroSystems has been sold short.
  • Short Interest Ratio / Days to Cover

    Allegro MicroSystems has a short interest ratio ("days to cover") of 4.42.
  • Change versus previous month

    Short interest in Allegro MicroSystems has recently decreased by 11.92%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Allegro MicroSystems does not currently pay a dividend.

  • Dividend Growth

    Allegro MicroSystems does not have a long track record of dividend growth.

  • News Sentiment

    Allegro MicroSystems has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Allegro MicroSystems this week, compared to 5 articles on an average week.
  • Search Interest

    Only 9 people have searched for ALGM on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Allegro MicroSystems to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Allegro MicroSystems insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $599,170.00 in company stock.

  • Percentage Held by Insiders

    0.50% of the stock of Allegro MicroSystems is held by insiders.

  • Percentage Held by Institutions

    56.45% of the stock of Allegro MicroSystems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Allegro MicroSystems' insider trading history.
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ALGM Stock News Headlines

Trump's New Dollar
Porter Stansberry says President Trump has signed an executive order initiating what he calls a full U.S. dollar reset - and most Americans don't know it's happening. The last time America underwent a monetary shift like this, under Nixon in the 1970s, it minted an average of 1,300 new millionaires a day for over half a century. Stansberry has released a new documentary naming the assets he believes are positioned to surge as a result.tc pixel
Allegro MicroSystems (NASDAQ:ALGM) SVP Sells 2,285 Shares
See More Headlines

ALGM Stock Analysis - Frequently Asked Questions

Allegro MicroSystems' stock was trading at $26.38 at the start of the year. Since then, ALGM stock has increased by 45.4% and is now trading at $38.35.

Allegro MicroSystems, Inc. (NASDAQ:ALGM) announced its earnings results on Thursday, July, 30th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The company's quarterly revenue was up 27.5% on a year-over-year basis.
Read the conference call transcript
.

Allegro MicroSystems (ALGM) raised $325 million in an initial public offering (IPO) on Thursday, October 29th 2020. The company issued 25,000,000 shares at a price of $12.00-$14.00 per share. Barclays, Credit Suisse and Wells Fargo Securities acted as the underwriters for the IPO and Jefferies, Mizuho Securities, Needham & Co. and SMBC Nikko were co-managers.

Allegro MicroSystems' top institutional investors include BlackRock Inc. (7.45%), Bank of America Corp DE (0.49%), Wellington Management Group LLP (0.44%) and Bank of New York Mellon Corp (0.38%). Insiders that own company stock include Electric Co Ltd Sanken, Vineet A Nargolwala, Michael Doogue, Derek D'antilio, Sharon Briansky, Richard Madormo, Erin Hagen, Ian Kent, Richard R Lury, Joseph R Martin, Roald Graham Webster and Susan D Lynch.
View institutional ownership trends
.

Shares of ALGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Based on aggregate information from My MarketBeat watchlists, some other companies that Allegro MicroSystems investors own include Chevron (CVX), Bristol Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Meta Platforms (META), NVIDIA (NVDA) and Charles Schwab (SCHW).

Company Calendar

Last Earnings
7/30/2026
Today
8/19/2026
Next Earnings (Estimated)
10/29/2026
Fiscal Year End
3/31/2027

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Semiconductors & Semiconductor Equipment
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALGM
CIK
866291
Employees
4,250
Year Founded
1990

Price Target and Rating

High Price Target
$62.00
Low Price Target
$39.00
Potential Upside/Downside
+39.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
12 Analysts

Profitability

EPS (Trailing Twelve Months)
$0.06
Trailing P/E Ratio
639.27
Forward P/E Ratio
59.00
P/E Growth
1.24
Net Income
-$14.90 million
Net Margins
1.50%
Pretax Margin
1.32%
Return on Equity
8.30%
Return on Assets
5.65%

Debt

Debt-to-Equity Ratio
0.30
Current Ratio
3.70
Quick Ratio
2.33

Sales & Book Value

Annual Sales
$890.10 million
Price / Sales
8.03
Cash Flow
$0.66 per share
Price / Cash Flow
58.41
Book Value
$5.18 per share
Price / Book
7.40

Miscellaneous

Outstanding Shares
186,400,000
Free Float
185,470,000
Market Cap
$7.15 billion
Optionable
Optionable
Beta
1.94

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This page (NASDAQ:ALGM) was last updated on 8/19/2026 by MarketBeat.com Staff.
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