How to Buy Allegro Microsystems Stock
Allegro Microsystems Inc
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 $19.07, up 1.65% from the previous day, and has decreased 35.77% in one year. It has underperformed other stocks in the Semiconductors industry by 0.21 percentage points. Allegro Microsystems stock is currently +16.42% from its 52-week low of $16.38, and -42.66% from its 52-week high of $33.26.
There are currently 184.13M ALGM shares outstanding. The market cap of ALGM is $3.51B. In the last 24 hours, 1.94M ALGM shares were traded.
How to Buy Allegro Microsystems Stock
Not sure how to invest in Allegro Microsystems stock? Here's how.
- Decide where to buy Allegro Microsystems stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Allegro Microsystems stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your information.
- Evaluate Allegro Microsystems stock: The Allegro Microsystems ticker symbol is ALGM. Is Allegro Microsystems stock a good investment? Should you buy shares of ALGM? How do ALGM's underlying business fundamentals look? Do top analysts think Allegro Microsystems is a good buy? Why has ALGM's stock price moved recently? (Hint: Our stock market research tools can help you understand if ALGM is a good stock to buy).
- Execute your ALGM purchase: Decide if you will purchase ALGM shares at the current market price or use a limit order to buy ALGM shares at a given price.
- Monitor your ALGM position: Create a watchlist to get live updates on your new investment in Allegro Microsystems stock.
Step 1: Decide where to buy Allegro Microsystems stock
You will need a brokerage account to access the NASDAQ market and buy ALGM shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can buy ALGM today.
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Step 3: Fund your investment account
Now that you have created your account on one of the most highly reviewed stock apps, you can securely and quickly fund your account:
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Step 4: Evaluate Allegro Microsystems stock
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.
Allegro Microsystems shares at a glance
Allegro Microsystems Fundamentals
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on ALGM's stock page.
Is ALGM stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ALGM's intrinsic value.
Using relative valuations methods:
- ALGM could be undervalued based on its P/B ratio of 3.76x, relative to Semiconductors industry P/B ratio of 8.03x
You can access additional valuation research on ALGM's stock here.
ALGM Financials at a glance
Signs that ALGM is financially healthy:
- There are more short-term assets than short-term liabilities on the ALGM balance sheet.
- There are more short-term assets than long-term liabilities on the ALGM balance sheet.
Signs that ALGM is not financially healthy:
- ALGM's operating cash flow of $54.32M allows it to safely service it's debt of $398.10M.
- ALGM earnings of -$21.36M is not enough to cover its interest payments.
- ALGM profit margin has gone down from 20.6% to -8.5% in the past year.
- ALGM has a relatively high debt to equity ratio of 0.54.
Is Allegro Microsystems stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who track ALGM, the consensus analyst rating on ALGM is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent ALGM Analyst Ratings
Tom O'Malley, a bottom 8% analyst from Barclays maintains ALGM with a strong buy rating and raises their ALGM price target from $25.00 to $30.00, on Jan 17, 2025.
Barclays's Blayne Curtis raised their price target on Allegro Microsystems (NASDAQ: ALGM) by 20% from $25 to $30 on 2025/01/17. The analyst maintained their Strong Buy rating on the stock.
O'Malley's price target hike was delivered in a FY 2025 preview of names in their Technology (Semiconductor and Semiconductor Capital Equipment) sector coverage area.
Barclays established estimates for FY 2026 and predicts that FY 2025 will "once again be a year defined by the divide between the AI have and have-nots."
Barclays is pickier than some about its AI investments, O'Malley said, favoring companies that have developed their serializers and deserializers.
The analyst said they remained pessimistic about cyclical semiconductor, analog, personal computer, and handset names, and believe that "bigger recoveries in those segments will take more time to come to fruition."
Joseph Quatrochi, a top 12% analyst from Wells Fargo maintains ALGM with a strong buy rating and raises their ALGM price target from $23.00 to $27.00, on Jan 13, 2025.
Gary Mobley, a top 13% analyst from Wells Fargo initiates coverage on ALGM with a strong buy rating and announces their ALGM price target of $23.00, on Nov 22, 2024.
You can dig deeper into what analysts are forecasting on the Allegro Microsystems stock forecast page.
Metrics for Advanced ALGM Traders
ALGM Earnings
Last year, ALGM revenue was $772.76M. During the last 4 year, ALGM's revenue has grown by 6.95% per year. This was slower than the Semiconductors industry average of 39.44%.
Dive into ALGM's earnings and revenue performance here.
Who is buying/selling ALGM?
In the last year, executives and large shareholders at ALGM have sold more shares than they have bought.
Michael Doogue, SVP CTO of ALGM, was the latest ALGM insider to buy. They bought $285,000.00 worth of ALGM shares on Nov 18, 2024.
Research more about who owns ALGM stock here.
Can I rely on ALGM as an income stream?
No, Allegro Microsystems doesn't provide an income stream by paying out dividends.
What do other investors have to say about ALGM?
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Step 5: Execute your ALGM purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Press the Open Trade button and your broker will place your order.
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Step 6: Monitor your ALGM position
Now that you own some ALGM stock, you'll want to keep up with your new company.
Make a watchlist to get notified of important updates regarding your ALGM stock.
ALGM Feed
How to Buy Stock in Allegro Microsystems
To summarize, here are the 6 steps for buying Allegro Microsystems stock:
- Decide where to buy Allegro Microsystems stock
- Create your brokerage account
- Fund your investment account
- Evaluate Allegro Microsystems stock
- Execute your ALGM purchase
- Monitor your ALGM position
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Get Started with eToro TodayIf you would like to monitor your investment in Allegro Microsystems, add ALGM to your watchlist by clicking the button below.
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