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.
Allegro Microsystems stock last closed at $31.94, down 1.54% from the previous day, and has increased 43.68% in one year. It has overperformed other stocks in the Semiconductors industry by 0.12 percentage points. Allegro Microsystems stock is currently +61.31% from its 52-week low of $19.80, and -39.79% from its 52-week high of $53.05.
There are currently 192.38M ALGM shares outstanding. The market cap of ALGM is $6.14B. In the last 24 hours, 961,999 ALGM shares were traded.
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Once you have selected the best place to buy Allegro Microsystems stock, it's important to research their stock before you buy, so you truly understand the risk as well as the upside.
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You can see all of the due diligence checks on ALGM's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALGM's intrinsic value.
Using relative valuations methods:
You can access more valuation analysis on ALGM's stock here.
Out of 4 Wall Street analysts who monitor ALGM, the consensus analyst rating on ALGM is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Blake Friedman, an analyst from Bank of America initiates coverage on ALGM with a hold rating and announces their ALGM price target of $36.00, on Sep 29, 2023.
Quinn Bolton, a top 1% analyst from Needham reiterates ALGM with a buy rating and maintains their ALGM price target from $50.00 to $50.00, on Aug 9, 2023.
Gary Mobley, a top 12% analyst from Wells Fargo maintains ALGM with a strong buy rating and raises their ALGM price target from $52.00 to $60.00, on Jul 26, 2023.
Wells Fargo's Gary Mobley raised their price target on Allegro Microsystems Inc (NASDAQ: ALGM) by 15.38% from $52.00 to $60.00 on 2023/07/26. The analyst maintained their Strong Buy rating on the stock.
In a preview of the company's Q1 2024 earnings report, set for release on 2023/08/01, Mobley said that "continued resiliency in auto and industrial end markets is why they remain confident in Wells Fargo's above consensus FY 2024 and FY 2025 estimates on Allegro Microsystems.
The analyst cautioned on valuation, however, pointing out that "given the YTD run in the shares, a significant beat and raise in 1H 2024 will be required to maintain the stock's outperformance."
Yahoo Finance reports that the current consensus EPS estimate for Allegro Microsystems Q1 2024 is $0.37 which, if achieved, would represent a 54.2% increase over Q1 2023's $0.24.
Vijay Rakesh, a top 1% analyst from Mizuho maintains ALGM with a strong buy rating and raises their ALGM price target from $50.00 to $56.00, on Jul 20, 2023.
Blayne Curtis, a top 5% analyst from Barclays maintains ALGM with a strong buy rating and raises their ALGM price target from $50.00 to $60.00, on Jul 20, 2023.
You can dive deeper into what analysts are forecasting on the Allegro Microsystems stock forecast page.
Last year, ALGM earnings were $237.96M. During the past 3 year, ALGM's earnings have gone up by -87.88% per year. This was slower than the Semiconductors industry average of 18.69%.
Last year, ALGM revenue was $1.03B. In the past three year, ALGM's revenue has grown by 88.28% per year. This was faster than the Semiconductors industry average of 16%.
You can analyze ALGM's earnings and revenue performance here.
Over the last 12 months, insiders at ALGM have sold more shares than they have bought.
Derek Dantilio, SVP CFO Treasurer of ALGM, was the latest ALGM insider to buy. They bought $50,041.44 worth of ALGM stock on Sep 15, 2023.
Research more about who owns ALGM shares here.
No, Allegro Microsystems doesn't provide an income stream by paying out dividends.
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