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NASDAQ:ALGM

Allegro MicroSystems Stock Forecast, Price & News

$28.00
+0.88 (+3.24 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$27.00
Now: $28.00
$29.48
50-Day Range N/A
52-Week Range
$16.78
Now: $28.00
$29.48
Volume753,996 shs
Average Volume1.10 million shs
Market Capitalization$5.30 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. 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, as well as photonic and 3D sensing components for LiDAR applications. The company sells its products to OEMs and suppliers primarily in the automotive and industrial markets through its direct sales force, distributors, and independent sales representatives. It operates in 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.

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.88 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:ALGM
CUSIPN/A
CIKN/A
Phone603 626 2300
Employees3,720

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Market Cap$5.30 billion
Next Earnings DateN/A
OptionableNot Optionable
$28.00
+0.88 (+3.24 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Allegro MicroSystems (NASDAQ:ALGM) Frequently Asked Questions

Do Wall Street analysts recommend investors buy shares of Allegro MicroSystems?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegro MicroSystems in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Allegro MicroSystems
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Allegro MicroSystems?

Wall Street analysts have given Allegro MicroSystems a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Allegro MicroSystems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What guidance has Allegro MicroSystems issued on next quarter's earnings?

Allegro MicroSystems updated its third quarter 2020 Pre-Market earnings guidance on Thursday, November, 19th. The company provided earnings per share (EPS) guidance of 0.11-0.12 for the period. The company issued revenue guidance of $147-151 million.

What price target have analysts set for ALGM?

6 brokerages have issued twelve-month target prices for Allegro MicroSystems' shares. Their forecasts range from $27.00 to $30.00. On average, they expect Allegro MicroSystems' stock price to reach $28.33 in the next twelve months. This suggests a possible upside of 1.2% from the stock's current price.
View analysts' price targets for Allegro MicroSystems
.

Who are some of Allegro MicroSystems' key competitors?

Who are Allegro MicroSystems' key executives?

Allegro MicroSystems' management team includes the following people:
  • Mr. Ravi Vig, Pres, CEO & Director (Age 59, Pay $3.15M)
  • Mr. Paul V. Walsh Jr., CFO, Sr. VP & Treasurer (Age 55, Pay $1.21M)
  • Mr. Michael C. Doogue, Sr. VP of Technology & Products (Age 45, Pay $878.7k)
  • Mr. Max R. Glover, Sr. VP of Worldwide Sales (Age 39, Pay $587.89k)
  • Mr. Thomas C. Teebagy Jr., Sr. VP of Operations & Quality (Age 61)
  • Mr. Steven Miles, VP of Technology Devel. (Age 72)
  • Ms. Katherine Blye, Sr. Director of Investor Relations
  • Mr. Christopher E. Brown, Sr. VP, Gen. Counsel & Assistant Sec. (Age 53)
  • Mr. James M. Coonan, Sec.
  • Mr. Richard Kneeland, Sr. VP, Special Counsel & Corp. Sec.

When did Allegro MicroSystems IPO?

(ALGM) raised $325 million in an initial public offering on Thursday, October 29th 2020. The company issued 25,000,000 shares at $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."

When does the company's quiet period expire?

Allegro MicroSystems' quiet period expires on Tuesday, December 8th. Allegro MicroSystems had issued 25,000,000 shares in its public offering on October 29th. The total size of the offering was $350,000,000 based on an initial share price of $14.00. During the company's quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

How do I buy shares of Allegro MicroSystems?

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

What is Allegro MicroSystems' stock price today?

One share of ALGM stock can currently be purchased for approximately $28.00.

How big of a company is Allegro MicroSystems?

Allegro MicroSystems has a market capitalization of $5.30 billion. Allegro MicroSystems employs 3,720 workers across the globe.

What is Allegro MicroSystems' official website?

The official website for Allegro MicroSystems is www.allegromicro.com.

How can I contact Allegro MicroSystems?

The company can be reached via phone at 603 626 2300.

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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