How to Buy Allegro Microsystems Stock
Allegro Microsystems Inc
Allegro MicroSystems, Inc. focuses on the creation, production, and worldwide distribution of sophisticated integrated circuits (ICs).
Allegro Microsystems stock last closed at $30.53, down 7.57% from the previous day, and has increased 0.86% in one year. It has underperformed other stocks in the Semiconductors industry by 0.44 percentage points. Allegro Microsystems stock is currently +36.23% from its 52-week low of $22.41, and -57.46% from its 52-week high of $71.77.
There are currently 186.48M ALGM shares outstanding. The market cap of ALGM is $5.69B. In the last 24 hours, 5M 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
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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 overvalued based on its P/E ratio of 190.81x, relative to Semiconductors industry P/E ratio of 39.19x
- ALGM could be undervalued based on its P/B ratio of 5.68x, relative to Semiconductors industry P/B ratio of 10.37x
- ALGM could be overvalued based on its PEG ratio of 1.41x
You can do additional valuation research on ALGM's stock here.
How do ALGM Financials look?
Signs that ALGM is financially healthy:
- There are more short-term assets than long-term liabilities on the ALGM balance sheet.
- ALGM's operating cash flow of $139.93M allows it to safely service it's debt of $303.11M.
- ALGM profit margin has gone up from -3.6% to 3.1% in the past year.
- There are more short-term assets than short-term liabilities on the ALGM balance sheet.
Signs that ALGM is not financially healthy:
- Total ALGM debt is higher than 5 years ago, relative to shareholder equity.
- ALGM has a relatively high debt to equity ratio of 0.44.
- ALGM earnings of $61.74M is not enough to cover its interest payments.
Is it a good time to buy ALGM stock, according to analysts?
Out of 10 Wall Street analysts who give forecasts on ALGM, the consensus analyst rating on Allegro Microsystems is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent ALGM Analyst Forecasts
Quinn Bolton, a top 1% analyst from Needham maintains ALGM with a buy rating and lowers their ALGM price target from $57.00 to $50.00, on Oct 29, 2026.
Joshua Buchalter, a bottom 9% analyst from TD Cowen maintains ALGM with a strong buy rating and lowers their ALGM price target from $48.00 to $40.00, on Oct 19, 2026.
Srini Pajjuir, a top 27% analyst from RBC Capital initiates coverage on ALGM with a buy rating and announces their ALGM price target of $50.00, on Oct 2, 2026.
Gary Mobley, a top 6% analyst from Benchmark initiates coverage on ALGM with a strong buy rating and announces their ALGM price target of $60.00, on Aug 13, 2026.
Joseph Moore, a top 1% analyst from Morgan Stanley maintains ALGM with a strong buy rating and raises their ALGM price target from $51.00 to $52.00, on Jul 31, 2026.
Morgan Stanley's Joseph Moore raised their price target on Allegro Microsystems (NASDAQ: ALGM) by 2% from $51 to $52 on 2026/07/31. The analyst maintained their Strong Buy rating on the stock.
Allegro Microsystems reported its Q1 2027 earnings.
According to Moore, idiosyncratic secular momentum remained strong, and cyclical dynamics showed improvement, a sector view consistent with Allegro Microsystems' quarterly results.
The analyst noted that somewhat lower-than-expected auto growth partially dampened an otherwise positive Q2.
Earnings Report
For Q1 2027, Allegro Microsystems reported:
- EPS of $0.23, which beat the Zacks Consensus Estimate of $0.21 and, by 155.6%, Q1 2026’s $0.09.
- Revenue of $259.24M, which beat the Zacks Consensus Estimate by 2.47% and, by 27.5%, Q1 2026's $203.4M.
For Q2 2027, management guided:
- EPS of $0.23 to $0.26.
- Revenue of $265M to $275M.
President & CEO Mike Doogue commented: “We began FY 2027 with strong momentum, delivering our sixth consecutive quarter of sales growth.
“Q1 sales were $259M, representing a 27% increase Y/Y.
“GAAP EPS improved to $0.08 in Q1 2027 from Q1 2026’s $(0.07).
“Non-GAAP EPS grew for the fifth consecutive quarter to $0.23, increasing more than 2.5x Y/Y.
“These results were led by data center, which reached a record 17% of total sales, and by continued strength in xEV and ADAS.
“Our market leading products and technology sit at the intersection of AI, electrification, and automation — the defining megatrends powering growth across our Auto and Industrial end markets. Increasing bookings and an expanding backlog strengthen our confidence in our strategy and growth potential.”
You can dig deeper into what analysts are saying on the Allegro Microsystems stock forecast page.
ALGM Trading Indicators
Is ALGM Making Money?
Last year, ALGM earnings were $30.94M. In the past 5 year, ALGM's earnings have grown by -12.39% per year. This was slower than the Semiconductors industry average of 57.13%.
Last year, ALGM revenue was $1.01B. During the past five year, ALGM's revenue has gone up by 6.93% per year. This was slower than the Semiconductors industry average of 42.27%.
You can analyze ALGM's earnings and revenue performance here.
Latest Insiders Trades at ALGM
In the past 12 months, executives and large shareholders at ALGM have sold more shares than they have bought.
Jennie Raubacher, Director of ALGM, was the latest ALGM insider to sell. They sold $45,320.00 worth of ALGM stock on Aug 17, 2026.
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.
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Step 5: Execute your ALGM purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - 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 sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and your broker will place the order.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your ALGM position
Now that you own some shares in ALGM, you'll want to keep up with your investment.
Start 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 account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Allegro Microsystems, click the button below.
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