Allegro MicroSystems (ALGM) Stock Price, News & Analysis

Company Overview

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. Allegro MicroSystems, Inc. is a subsidiary of Sanken Electric Co., Ltd.

Key Stats

• Today's Range: $30.94 to $32.93
• 50-Day Range: $29.81 to $37.51
• 52-Week Range: $16.38 to $38.45
• Volume: 1.37 million shs
• Average Volume: 1.52 million shs
• Market Capitalization: $5.95 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $37.56
• Consensus Rating: Moderate Buy

Allegro MicroSystems Stock Analysis - MarketRank™

Allegro MicroSystems scored higher than 70% of companies evaluated by MarketBeat, and ranked 298th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Allegro MicroSystems has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Allegro MicroSystems has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2,500.00%

Earnings Growth

Earnings for Allegro MicroSystems are expected to grow by 2,500.00% in the coming year, from $0.01 to $0.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegro MicroSystems is -86.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegro MicroSystems is -86.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Allegro MicroSystems has a P/B Ratio of 6.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.62% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegro MicroSystems has recently decreased by 32.89%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Allegro MicroSystems does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.62% 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 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegro MicroSystems has recently decreased by 32.89%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.67

News Sentiment

Allegro MicroSystems has a news sentiment score of 1.67. 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 0.74 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Allegro MicroSystems this week, compared to 8 articles on an average week.

Search Interest

Only 3 people have searched for ALGM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Allegro MicroSystems insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% 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.

ALGM Stock Analysis - Frequently Asked Questions

How have ALGM shares performed this year?

Allegro MicroSystems' stock was trading at $21.86 on January 1st, 2025. Since then, ALGM stock has increased by 47.0% and is now trading at $32.13.

How were Allegro MicroSystems' earnings last quarter?

Allegro MicroSystems, Inc. (NASDAQ:ALGM) issued its quarterly earnings data on Thursday, July, 31st. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Allegro MicroSystems's revenue was up 21.9% on a year-over-year basis.
Read the conference call transcript.

When did Allegro MicroSystems IPO?

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 served as the underwriters for the IPO and Jefferies, Mizuho Securities, Needham & Co. and SMBC Nikko were co-managers.

Who are Allegro MicroSystems' major shareholders?

Top institutional investors of Allegro MicroSystems include JPMorgan Chase & Co. (4.33%), Invesco Ltd. (3.38%), State Street Corp (2.81%) and Bank of America Corp DE. Insiders that own company stock include Electric Co Ltd Sanken, Skna LP Oep, Vineet A Nargolwala, Michael Doogue, Max R Glover, Derek D'antilio, Joanne Valente, Richard R Lury, Joseph R Martin and Susan D Lynch.
View institutional ownership trends.

How do I buy shares of Allegro MicroSystems?

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.

What other stocks do shareholders of Allegro MicroSystems own?

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: 7/31/2025
• Today: 8/22/2025
• Next Earnings (Estimated): 10/30/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC COMP - SEMIC
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ALGM
• CIK: 866291
• Web: www.allegromicro.com
• Phone: 603-626-2300
• Fax: 603-641-5336
• Employees: 2,300
• Year Founded: 1990

Price Target and Rating

• Average Price Target for Allegro MicroSystems: $37.56
• High Price Target: $45.00
• Low Price Target: $30.00
• Potential Upside/Downside: +16.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.37)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 3,213.00
• P/E Growth: N/A
• Net Income: -$73.01 million
• Net Margins: -9.00%
• Pretax Margin: -10.39%
• Return on Equity: 2.09%
• Return on Assets: 1.36%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 3.70
• Quick Ratio: 2.26

Sales & Book Value

• Annual Sales: $725.01 million
• Price / Sales: 8.20
• Cash Flow: $0.46 per share
• Price / Cash Flow: 70.33
• Book Value: $4.99 per share
• Price / Book: 6.44

Miscellaneous

• Outstanding Shares: 185,040,000
• Free Float: 184,300,000
• Market Cap: $5.95 billion
• Optionable: Optionable
• Beta: 1.74