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 $37.43, up 1.41% from the previous day, and has increased 63.02% in one year. It has overperformed other stocks in the Semiconductors industry by 0.13 percentage points. Allegro Microsystems stock is currently +128.51% from its 52-week low of $16.38, and -6.16% from its 52-week high of $39.89.
There are currently 185.29M ALGM shares outstanding. The market cap of ALGM is $6.94B. In the last 24 hours, 2.74M 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 7.2x, relative to Semiconductors industry P/B ratio of 12.43x
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 long-term liabilities on the ALGM balance sheet.
- There are more short-term assets than short-term liabilities on the ALGM balance sheet.
- ALGM's operating cash flow of $147.71M allows it to safely service it's debt of $308.19M.
- ALGM profit margin has gone up from -8.5% to -1.6% in the past year.
Signs that ALGM is not financially healthy:
- ALGM has a relatively high debt to equity ratio of 0.48.
- ALGM earnings of -$7.03M is not enough to cover its interest payments.
- Total ALGM debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Allegro Microsystems stock, according to Wall Street analysts?
Out of 9 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.
Latest ALGM Analyst Ratings
Tom O'Malley, a top 2% analyst from Barclays maintains ALGM with a strong buy rating and raises their ALGM price target from $35.00 to $46.00, on Jan 30, 2026.
Barclays's Tom O'Malley raised their price target on Allegro Microsystems (NASDAQ: ALGM) by 31.4% from $35 to $46 on 2026/01/30. The analyst maintained their Strong Buy rating on the stock.
Allegro MicroSystems reported its Q3 2026 earnings.
Raising their price target, O'Malley looked ahead and observed that the company's auto business continues to grow and the emerging data center story is the "gravy on top."
Earnings Report
For Q3 2026, Allegro MicroSystems reported:
- EPS of $0.15, which beat the Zacks Consensus Estimate of $0.14 and Q3 2025's $0.07.
- Revenue of $229.21M, which beat the Zacks Consensus Estimate by 2.14% and Q3 2025's $177.87M.
For Q4 2026, management guided:
- EPS of 0.14 to $0.18.
- Revenue of $230M to $240M, representing 22% Y/Y growth at the midpoint.
President & CEO Mike Doogue commented: “We delivered strong third quarter results, with sales of $229 million exceeding the high end of our guidance range.
"Additionally, non-GAAP EPS more than doubled year-over-year to $0.15.
"This performance was driven by broad strength in Automotive sales, which grew 28% year-over-year, including a 46% increase in e-Mobility.
"Our Industrial sales also saw robust growth, increasing 31% year-over-year, led by another record quarter in Data Center.
“We continued to see growing bookings and backlog, and a significant annual increase in year-to-date design wins.
"We are excited to provide a deeper look into our longer-term strategy, growth drivers, and target model at our upcoming Analyst Day.”
Quinn Bolton, a top 1% analyst from Needham maintains ALGM with a buy rating and raises their ALGM price target from $37.00 to $41.00, on Jan 30, 2026.
Vivek Arya, a top 2% analyst from Bank of America maintains ALGM with a strong buy rating and raises their ALGM price target from $36.00 to $39.00, on Jan 21, 2026.
Mark Lipacis, a top 3% analyst from Evercore ISI Group maintains ALGM with a buy rating and raises their ALGM price target from $37.00 to $49.00, on Oct 31, 2025.
You can dive deeper into what analysts are forecasting on the Allegro Microsystems stock forecast page.
Metrics for Advanced ALGM Traders
ALGM Growth Metrics
Last year, ALGM revenue was $839.73M. During the past 5 year, ALGM's revenue has gone up by 7.29% per year. This was slower than the Semiconductors industry average of 39.91%.
Learn more about ALGM's earnings and revenue performance here.
Are ALGM insiders buying or selling the stock?
Over the last year, executives and large shareholders at ALGM have sold more shares than they have bought.
Sharon Briansky, SVP GC and Secretary of ALGM, was the latest ALGM insider to sell. They sold $836,190.00 worth of ALGM shares on Dec 10, 2025.
Research more about who owns ALGM shares here.
Can I get consistent income from ALGM stock?
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 order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more help buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your ALGM position
Now that you own some ALGM stock, you'll want to stay up-to-date on your stock purchase.
Put ALGM on a watchlist to get notified of the latest news about your ALGM stock.
ALGM Feed
How to Buy Stock in Allegro Microsystems
To reiterate, here are the 6 steps to buy stock in Allegro Microsystems:
- 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 require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Allegro Microsystems, click below.
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