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 $29.13, up 1.25% from the previous day, and has decreased 24.9% in one year. It has underperformed other stocks in the Semiconductors industry by 0.61 percentage points. Allegro Microsystems stock is currently +18.15% from its 52-week low of $24.66, and -45.09% from its 52-week high of $53.05.
There are currently 193.13M ALGM shares outstanding. The market cap of ALGM is $5.63B. In the last 24 hours, 1.16M 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:
Watch this video walkthrough for more details transferring funds into your new investment account.
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/E ratio of 25.33x, relative to Semiconductors industry P/E ratio of 58.6x
- ALGM could be undervalued based on its P/B ratio of 4.96x, relative to Semiconductors industry P/B ratio of 7.69x
You can access more valuation analysis on ALGM's stock here.
ALGM Financial Health
Signs that ALGM is financially healthy:
- There are more short-term assets than short-term liabilities on the ALGM balance sheet.
- ALGM has a low debt to equity ratio of 0.38.
- ALGM's operating cash flow of $216.50M allows it to safely service it's debt of $276.23M.
- ALGM earnings of $251.42M is not enough to cover its interest payments.
- ALGM profit margin has gone up from 16.7% to 20.6% in the past year.
- There are more short-term assets than long-term liabilities on the ALGM balance sheet.
Is it a good time to buy Allegro Microsystems stock, according to Wall Street analysts?
Out of 3 Wall Street analysts who monitor ALGM, the consensus analyst rating on ALGM is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Allegro Microsystems stock forecast page.
ALGM Momentum
ALGM Earnings
Last year, ALGM earnings were $221.79M. Over the last three year, ALGM's earnings have grown by -83.34% per year. This was slower than the Semiconductors industry average of 26.99%.
Last year, ALGM revenue was $1.08B. In the past 3 year, ALGM's revenue has grown by 93.8% per year. This was faster than the Semiconductors industry average of 23.24%.
You can research ALGM's earnings and revenue performance here.
Latest Insiders Trades at ALGM
Over the last year, executives and large shareholders at ALGM have sold more shares than they have bought.
Max R. Glover, SVP of Worldwide Sales of ALGM, was the latest ALGM insider to sell. They sold $476,490.00 worth of ALGM stock on Mar 8, 2024.
Learn more about who owns ALGM shares here.
Does ALGM provide a stable income stream?
No, Allegro Microsystems doesn't provide an income stream by paying out dividends.
ALGM Social Trading Data
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Step 5: Execute your ALGM purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and eToro 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 stay up-to-date on your investment.
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
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your investment in Allegro Microsystems, click below.
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