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Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
UK aims to send migrants to Rwanda in months if courts agree
S&P 500   3,916.64
DOW   31,861.98
QQQ   305.36
Credit Suisse, UBS shares plunge after takeover announcement
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Gunmen kill 9 Chinese at mine in Central African Republic
Niinistö: Sweden security OK if Finland joins NATO first
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Nations approve key UN science report on climate change
Scottish independence at crossroads in testy SNP leader race
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
UK aims to send migrants to Rwanda in months if courts agree
S&P 500   3,916.64
DOW   31,861.98
QQQ   305.36
Credit Suisse, UBS shares plunge after takeover announcement
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Gunmen kill 9 Chinese at mine in Central African Republic
Niinistö: Sweden security OK if Finland joins NATO first
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Nations approve key UN science report on climate change
Scottish independence at crossroads in testy SNP leader race
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
UK aims to send migrants to Rwanda in months if courts agree
S&P 500   3,916.64
DOW   31,861.98
QQQ   305.36
Credit Suisse, UBS shares plunge after takeover announcement
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Gunmen kill 9 Chinese at mine in Central African Republic
Niinistö: Sweden security OK if Finland joins NATO first
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Nations approve key UN science report on climate change
Scottish independence at crossroads in testy SNP leader race
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
UK aims to send migrants to Rwanda in months if courts agree
NASDAQ:ALGM

Allegro MicroSystems - ALGM Stock Forecast, Price & News

$45.10
-0.93 (-2.02%)
(As of 03/17/2023 08:53 PM ET)
Add
Compare
Today's Range
$44.93
$46.46
50-Day Range
$31.26
$46.03
52-Week Range
$19.20
$47.67
Volume
2.76 million shs
Average Volume
1.60 million shs
Market Capitalization
$8.64 billion
P/E Ratio
58.57
Dividend Yield
N/A
Price Target
$48.00

Allegro MicroSystems MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.4% Upside
$48.00 Price Target
Short Interest
Healthy
9.51% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of Allegro MicroSystems in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$191.32 M Sold Last Quarter
Proj. Earnings Growth
13.00%
From $1.00 to $1.13 Per Share

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 stars

Computer And Technology Sector

240th out of 608 stocks

Semiconductors & Related Devices Industry

33rd out of 86 stocks


ALGM stock logo

About Allegro MicroSystems (NASDAQ:ALGM) Stock

Allegro 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.

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ALGM Stock News Headlines

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.
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS 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!
2 Overlooked Tech Stocks to Buy for Growth
Best Momentum Stock to Buy for February 3rd
See More Headlines
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ALGM Company Calendar

Last Earnings
1/31/2023
Today
3/19/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/08/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:ALGM
Fax
N/A
Employees
4,036
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$119.41 million
Pretax Margin
19.19%

Debt

Sales & Book Value

Annual Sales
$904.50 million
Cash Flow
$0.88 per share
Book Value
$3.88 per share

Miscellaneous

Free Float
165,463,000
Market Cap
$8.64 billion
Optionable
Not Optionable
Beta
1.71

Key Executives

  • Mr. Derek P. D'Antilio (Age 50)
    Sr. VP, CFO & Treasurer
    Comp: $334.44k
  • Mr. Thomas C. Teebagy Jr.Mr. Thomas C. Teebagy Jr. (Age 63)
    Sr. VP of Operations & Quality
    Comp: $953.75k
  • Mr. Michael C. DoogueMr. Michael C. Doogue (Age 47)
    Sr. VP & CTO
    Comp: $910.37k
  • Mr. Max R. Glover (Age 41)
    Sr. VP of Worldwide Sales
    Comp: $1.17M
  • Mr. Vineet A. Nargolwala (Age 50)
    Pres, CEO & Director
  • Mr. Steven Miles (Age 75)
    VP of Technology Devel.
  • Mr. Phil Stathas
    VP & Chief Information Officer
  • Ms. Katherine Blye
    Sr. Director of Investor Relations & Marcom
  • Ms. Sharon S. Briansky (Age 49)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Mark Gill
    VP of Corp. Strategy & Marketing













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 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