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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
Allegro MicroSystems (ALGM) Stock Price & Analysis
920 Followers
ALGM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.66 - $53.05
Previous Close$29.6
Volume346.05K
Average Volume (3M)1.59M
Market Cap
$5.62B
Enterprise Value$5.39B
Total Cash (Recent Filing)$370.01M
Total Debt (Recent Filing)$46.21M
Price to Earnings (P/E)26.0
Beta1.49
Next Earnings
May 09, 2024EPS Estimate
$0.21Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)1.14
Shares Outstanding193,125,832
10 Day Avg. Volume1,536,885
30 Day Avg. Volume1,594,054
Standard Deviation0.14
R-Squared0.37
Alpha0.00186
Financial Highlights & Ratios
Price to Book (P/B)8.89
Price to Sales (P/S)21.22
Price to Cash Flow (P/CF)19.20
P/FCF Ratio33.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.92
Enterprise Value/Gross Profit8.63
Enterprise Value/Ebitda15.80
Forecast
1Y Price Target
$38.67Price Target Upside29.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Allegro MicroSystems News
PremiumCompany Announcements
Allegro MicroSystems Board Changes and Director Compensation Update
PremiumCompany Announcements
Allegro MicroSystems Reshuffles Board, Reappoints Directors
Bulls Say, Bears Say
Bulls Say
Financial GrowthThe expectation of sequential revenue growth in the upcoming quarters for ALGM is based on the anticipation of concluding inventory digestion.
Market PerformanceALGM's stock has outperformed the market, suggesting strong investor confidence and potential for continued growth.
Strategic PositioningALGM has a strong and defensible franchise as the leading provider of magnetic sensors.
Bears Say
Earnings PerformanceQ4 sales/EPS miss (7%/25% below) amid digestion at auto and industrial customers.
Financial GuidanceALGM cut its F4Q & FY24 outlook to reflect an inventory correction in automotive.
Market CompetitionRisks include global supply chain disruptions, emerging China-based competition, and an elongated Auto correction or slower-than-anticipated long-term Auto Semis demand.
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Ownership Overview
65.97% Insiders
22.51% Mutual Funds
10.54% Other Institutional Investors
0.98% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ALGM FAQ
What was Allegro MicroSystems’s price range in the past 12 months?
Allegro MicroSystems lowest stock price was $24.66 and its highest was $53.05 in the past 12 months.
What is Allegro MicroSystems’s market cap?
Currently, no data Available
When is Allegro MicroSystems’s upcoming earnings report date?
Allegro MicroSystems’s upcoming earnings report date is May 09, 2024 which is in 5 days.
How were Allegro MicroSystems’s earnings last quarter?
Allegro MicroSystems released its earnings results on Feb 01, 2024. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.288 by $0.032.
Is Allegro MicroSystems overvalued?
According to Wall Street analysts Allegro MicroSystems’s price is currently Undervalued.
Does Allegro MicroSystems pay dividends?
Allegro MicroSystems does not currently pay dividends.
What is Allegro MicroSystems’s EPS estimate?
Allegro MicroSystems’s EPS estimate is $0.21.
How many shares outstanding does Allegro MicroSystems have?
Allegro MicroSystems has 193,125,840 shares outstanding.
What happened to Allegro MicroSystems’s price movement after its last earnings report?
Allegro MicroSystems reported an EPS of $0.32 in its last earnings report, beating expectations of $0.288. Following the earnings report the stock price went up 12.336%.
Which hedge fund is a major shareholder of Allegro MicroSystems?
Among the largest hedge funds holding Allegro MicroSystems’s share is Woodline Partners LP. It holds Allegro MicroSystems’s shares valued at 47M.
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Allegro MicroSystems Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$38.67 (29.33% Upside)
$38.67 (29.33% Upside)
Blogger Sentiment
Bullish
ALGM Sentiment 60%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 2.7%
Last 30 Days ▼ 2.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-21.12%
12-Months-Change
Fundamentals
Return on Equity
21.88%
Trailing 12-Months
Asset Growth
44.39%
Trailing 12-Months
Company Description
Allegro MicroSystems
Allegro Microsystems Inc is a global designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the important emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE that include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE that include Regulators, ClearPower Modules, and LED Drivers; and DRIVE that includes BLDC Drivers, Brush DC and Stepper Drivers.
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ALGM Earnings Call
Q3 2024
0:00 / 0:00
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ALGM Stock 12 Months Forecast
Average Price Target
$38.67
▲(29.33% Upside)
Technical Analysis
Best Analysts Covering ALGM
1 Year
1 Year Success Rate
7/12 ratings generated profit
1 Year Average Return
+10.42%
assigned a buy rating 3 months ago
Copying Thomas O'Malley's trades and holding each position for 1 Year would result in 58.33% of your transactions generating a profit, with an average return of +10.42% per trade.
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