NASDAQ:ALGM Allegro MicroSystems - ALGM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Allegro MicroSystems, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $45.10 -0.93 (-2.02%) (As of 03/17/2023 08:53 PM ET) Add Compare Share Share Today's Range$44.93▼$46.4650-Day Range$31.26▼$46.0352-Week Range$19.20▼$47.67Volume2.76 million shsAverage Volume1.60 million shsMarket Capitalization$8.64 billionP/E Ratio58.57Dividend YieldN/APrice Target$48.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Allegro MicroSystems MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside6.4% Upside$48.00 Price TargetShort InterestHealthy9.51% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.78Based on 19 Articles This WeekInsider TradingSelling Shares$191.32 M Sold Last QuarterProj. Earnings Growth13.00%From $1.00 to $1.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.39 out of 5 starsComputer And Technology Sector240th out of 608 stocksSemiconductors & Related Devices Industry33rd out of 86 stocks 2.5 Analyst's Opinion Consensus RatingAllegro MicroSystems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $48.00, Allegro MicroSystems has a forecasted upside of 6.4% from its current price of $45.10.Amount of Analyst CoverageAllegro MicroSystems has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.51% of the float of Allegro MicroSystems has been sold short.Short Interest Ratio / Days to CoverAllegro MicroSystems has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Allegro MicroSystems has recently decreased by 6.63%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldAllegro MicroSystems does not currently pay a dividend.Dividend GrowthAllegro MicroSystems does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALGM. Previous Next 2.7 News and Social Media Coverage News SentimentAllegro MicroSystems has a news sentiment score of 0.78. 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 0.36 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 19 news articles for Allegro MicroSystems this week, compared to 3 articles on an average week.Search InterestOnly 48 people have searched for ALGM on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.MarketBeat FollowsOnly 13 people have added Allegro MicroSystems to their MarketBeat watchlist in the last 30 days. This is a decrease of -48% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Allegro MicroSystems insiders have sold 1,919,401.44% more of their company's stock than they have bought. Specifically, they have bought $9,967.00 in company stock and sold $191,316,709.00 in company stock.Percentage Held by Insiders13.60% of the stock of Allegro MicroSystems is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions46.89% of the stock of Allegro MicroSystems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Allegro MicroSystems are expected to grow by 13.00% in the coming year, from $1.00 to $1.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Allegro MicroSystems is 58.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.25.Price to Earnings Ratio vs. SectorThe P/E ratio of Allegro MicroSystems is 58.57, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 288.01.Price to Book Value per Share RatioAllegro MicroSystems has a P/B Ratio of 11.62. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Allegro MicroSystems (NASDAQ:ALGM) StockAllegro MicroSystems, Inc. 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; power ICs comprising motor driver ICs, and regulator and LED driver ICs; and photonic and 3D sensing components, including photodiodes, eye-safe lasers, and readout ICs for LiDAR applications. The company sells its products to original equipment manufacturers and suppliers 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.Read More Receive ALGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Allegro MicroSystems and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGM Stock News HeadlinesMarch 19, 2023 | cnbc.comTop Wall Street analysts pick these five stocks for the long termMarch 18, 2023 | americanbankingnews.comJefferies Financial Group Weighs in on Allegro MicroSystems, Inc.'s FY2025 Earnings (NASDAQ:ALGM)March 20, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.March 17, 2023 | finance.yahoo.comAre Computer and Technology Stocks Lagging Applied Optoelectronics (AAOI) This Year?March 17, 2023 | americanbankingnews.comBarclays Raises Allegro MicroSystems (NASDAQ:ALGM) Price Target to $50.00March 17, 2023 | americanbankingnews.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Short Interest Down 6.6% in FebruaryMarch 16, 2023 | benzinga.comAllegro Microsystems Stock (NASDAQ:ALGM), Short Interest ReportMarch 15, 2023 | finance.yahoo.comChipmaker Allegro MicroSystems Earns High Marks At Analyst DayMarch 20, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!March 15, 2023 | markets.businessinsider.comAnalysts Are Bullish on Top Technology Stocks: Transdigm Group (TDG), Hims & Hers Health (HIMS)March 15, 2023 | americanbankingnews.comNeedham & Company LLC Boosts Allegro MicroSystems (NASDAQ:ALGM) Price Target to $50.00March 15, 2023 | americanbankingnews.comAllegro MicroSystems (NASDAQ:ALGM) Price Target Raised to $48.00 at MizuhoMarch 14, 2023 | markets.businessinsider.comMizuho Securities Keeps Their Buy Rating on Allegro MicroSystems (ALGM)March 10, 2023 | americanbankingnews.comAllegro MicroSystems (NASDAQ:ALGM) Price Target Increased to $52.00 by Analysts at Wells Fargo & CompanyMarch 9, 2023 | finance.yahoo.com2 Overlooked Tech Stocks to Buy for GrowthMarch 8, 2023 | finance.yahoo.comAllegro MicroSystems Announces Industry’s First ASIL C Safety Rated Field Current Sensor for Electric Vehicle Powertrain SystemsMarch 1, 2023 | finance.yahoo.comAllegro MicroSystems, Inc. (ALGM) Crossed Above the 20-Day Moving Average: What That Means for InvestorsMarch 1, 2023 | finance.yahoo.comIs Applied Optoelectronics (AAOI) Stock Outpacing Its Computer and Technology Peers This Year?February 28, 2023 | finance.yahoo.comAllegro MicroSystems to Host Inaugural Analyst Day on March 14, 2023February 27, 2023 | finance.yahoo.comHere’s Why Allegro MicroSystems (ALGM) Outperformed in Q4February 10, 2023 | finance.yahoo.comAllegro MicroSystems, Inc. (ALGM) Is Up 17.43% in One Week: What You Should KnowFebruary 3, 2023 | finance.yahoo.comSurging Earnings Estimates Signal Upside for Allegro MicroSystems, Inc. (ALGM) StockFebruary 3, 2023 | finance.yahoo.comBest Momentum Stock to Buy for February 3rdFebruary 2, 2023 | finance.yahoo.comAllegro MicroSystems Third Quarter 2023 Earnings: Beats ExpectationsFebruary 1, 2023 | finance.yahoo.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Q3 2023 Earnings Call TranscriptJanuary 31, 2023 | finance.yahoo.comAllegro MicroSystems Posts 33% Revenue Growth In Q3 Backed By These SegmentsJanuary 31, 2023 | markets.businessinsider.comMizuho Securities Reaffirms Their Buy Rating on Allegro MicroSystems (ALGM)See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ALGM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Allegro MicroSystems and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGM Company Calendar Last Earnings1/31/2023Today3/19/2023Fiscal Year End3/31/2023Next Earnings (Estimated)5/08/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:ALGM CUSIPN/A CIK866291 Webwww.allegromicro.com Phone603-626-2300FaxN/AEmployees4,036Year FoundedN/APrice Target and Rating Average Stock Price Forecast$48.00 High Stock Price Forecast$52.00 Low Stock Price Forecast$44.00 Forecasted Upside/Downside+6.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.77 Trailing P/E Ratio58.57 Forward P/E Ratio45.10 P/E GrowthN/ANet Income$119.41 million Net Margins16.69% Pretax Margin19.19% Return on Equity19.55% Return on Assets16.16% Debt Debt-to-Equity Ratio0.03 Current Ratio4.52 Quick Ratio3.65 Sales & Book Value Annual Sales$904.50 million Price / Sales9.55 Cash Flow$0.88 per share Price / Cash Flow51.10 Book Value$3.88 per share Price / Book11.62Miscellaneous Outstanding Shares191,508,000Free Float165,463,000Market Cap$8.64 billion OptionableNot Optionable Beta1.71 Key ExecutivesMr. Derek P. D'Antilio (Age 50)Sr. VP, CFO & Treasurer Comp: $334.44kMr. Thomas C. Teebagy Jr. (Age 63)Sr. VP of Operations & Quality Comp: $953.75kMr. Michael C. Doogue (Age 47)Sr. VP & CTO Comp: $910.37kMr. Max R. Glover (Age 41)Sr. VP of Worldwide Sales Comp: $1.17MMr. Vineet A. Nargolwala (Age 50)Pres, CEO & Director Mr. Steven Miles (Age 75)VP of Technology Devel. Mr. Phil StathasVP & Chief Information OfficerMs. Katherine BlyeSr. Director of Investor Relations & MarcomMs. Sharon S. Briansky (Age 49)Sr. VP, Gen. Counsel & Corp. Sec. Mr. Mark GillVP of Corp. Strategy & MarketingMore ExecutivesKey CompetitorsWolfspeedNASDAQ:WOLFQorvoNASDAQ:QRVOAmkor TechnologyNASDAQ:AMKRCirrus LogicNASDAQ:CRUSIPG PhotonicsNASDAQ:IPGPView All CompetitorsInsiders & InstitutionsVoya Investment Management LLCBought 24,694 shares on 2/28/2023Ownership: 0.082%Teachers Retirement System of The State of KentuckyBought 22,875 shares on 2/22/2023Ownership: 0.012%Macquarie Group Ltd.Bought 28,431 shares on 2/21/2023Ownership: 1.041%Northwestern Mutual Investment Management Company LLCBought 6,020 shares on 2/21/2023Ownership: 0.003%Altshuler Shaham LtdBought 1,073 shares on 2/16/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions ALGM Stock - Frequently Asked Questions Should I buy or sell Allegro MicroSystems stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegro MicroSystems in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALGM shares. View ALGM analyst ratings or view top-rated stocks. What is Allegro MicroSystems' stock price forecast for 2023? 6 equities research analysts have issued twelve-month target prices for Allegro MicroSystems' shares. Their ALGM share price forecasts range from $44.00 to $52.00. On average, they anticipate the company's share price to reach $48.00 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price. View analysts price targets for ALGM or view top-rated stocks among Wall Street analysts. How have ALGM shares performed in 2023? Allegro MicroSystems' stock was trading at $30.02 on January 1st, 2023. Since then, ALGM shares have increased by 50.2% and is now trading at $45.10. View the best growth stocks for 2023 here. Are investors shorting Allegro MicroSystems? Allegro MicroSystems saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 6,620,000 shares, a decline of 6.6% from the February 13th total of 7,090,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the days-to-cover ratio is currently 4.2 days. Approximately 9.5% of the shares of the stock are short sold. View Allegro MicroSystems' Short Interest. When is Allegro MicroSystems' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023. View our ALGM earnings forecast. How were Allegro MicroSystems' earnings last quarter? Allegro MicroSystems, Inc. (NASDAQ:ALGM) issued its earnings results on Tuesday, January, 31st. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.03. The firm earned $248.79 million during the quarter, compared to analysts' expectations of $245.20 million. Allegro MicroSystems had a net margin of 16.69% and a trailing twelve-month return on equity of 19.55%. What ETFs hold Allegro MicroSystems' stock? ETFs with the largest weight of Allegro MicroSystems (NASDAQ:ALGM) stock in their portfolio include Adaptiv Select ETF (ADPV), ProShares S&P Kensho Smart Factories ETF (MAKX), Invesco Dynamic Semiconductors ETF (PSI), Innovator IBD 50 ETF (FFTY), SPDR S&P Semiconductor ETF (XSD), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), SPDR S&P Kensho Smart Mobility ETF (HAIL) and First Trust Innovation Leaders ETF (ILDR). What guidance has Allegro MicroSystems issued on next quarter's earnings? Allegro MicroSystems updated its fourth quarter 2022 earnings guidance on Tuesday, January, 31st. The company provided earnings per share guidance of $0.35-$0.37 for the period, compared to the consensus estimate of $0.32. The company issued revenue guidance of $260.00 million-$270.00 million, compared to the consensus revenue estimate of $251.72 million. When did Allegro MicroSystems IPO? (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. What is Allegro MicroSystems' stock symbol? Allegro MicroSystems trades on the NASDAQ under the ticker symbol "ALGM." Who are Allegro MicroSystems' major shareholders? Allegro MicroSystems' stock is owned by many different retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (2.06%), Allspring Global Investments Holdings LLC (1.72%), JPMorgan Chase & Co. (1.59%), Alliancebernstein L.P. (1.46%), Principal Financial Group Inc. (1.43%) and Macquarie Group Ltd. (1.04%). Insiders that own company stock include Christopher Brown, Joanne Valente, Joseph R Martin, Max R Glover, Michael Doogue, Noriharu Fujita, Paul V Walsh Jr, Paul V Walsh, Jr, Ravi Vig, Reza Kazerounian, Richard R Lury, Skna LP Oep, Susan D Lynch and Thomas C Jr Teebagy. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Allegro MicroSystems' stock price today? One share of ALGM stock can currently be purchased for approximately $45.10. How much money does Allegro MicroSystems make? Allegro MicroSystems (NASDAQ:ALGM) has a market capitalization of $8.64 billion and generates $904.50 million in revenue each year. The company earns $119.41 million in net income (profit) each year or $0.77 on an earnings per share basis. How many employees does Allegro MicroSystems have? The company employs 4,036 workers across the globe. How can I contact Allegro MicroSystems? The official website for the company is www.allegromicro.com. The company can be reached via phone at 603-626-2300 or via email at kblye@allegromicro.com. This page (NASDAQ:ALGM) was last updated on 3/20/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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