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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
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ALGM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$18.59 - $33.26
Previous Close$21.59
Volume8.76M
Average Volume (3M)2.01M
Market Cap
$3.88B
Enterprise Value$4.11B
Total Cash (Recent Filing)$188.75M
Total Debt (Recent Filing)$424.74M
Price to Earnings (P/E)―
Beta1.86
Next Earnings
Feb 04, 2025EPS Estimate
$0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.13
Shares Outstanding183,983,854
10 Day Avg. Volume2,475,233
30 Day Avg. Volume2,008,835
Standard Deviation0.14
R-Squared0.34
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)4.24
Price to Sales (P/S)4.56
Price to Cash Flow (P/CF)62.30
P/FCF Ratio60.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.73
Enterprise Value/Gross Profit7.16
Enterprise Value/Ebitda33.37
Forecast
1Y Price Target
$27.10Price Target Upside25.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Allegro MicroSystems News
Bulls Say, Bears Say
Bulls Say
Growth Potential And Industry TrendsAnalyst recommends Allegro at Overweight due to its competitive position and potential for eMobility growth.
Market Position And Product InnovationAllegro is the market share leader in magnetic sensors and is in a solid position to maintain or grow market share with its increased exposure to TMR.
Strategic PartnershipsE-Mobility continues to ramp as ALGM noted key partnerships with all major OEMs, including China EV players.
Bears Say
Inventory ChallengesElevated inventories in the US and EU are causing some weakness in Allegro Microsystems' performance.
Market PerformanceAllegro has underperformed SOX and auto semis due to steep negative estimate revisions and Sanken’s stake sale.
Revenue GrowthIndustry headwinds are likely to limit Allegro’s revenue and gross margin recovery.
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Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
ALGM FAQ
What was Allegro MicroSystems’s price range in the past 12 months?
Allegro MicroSystems lowest stock price was $18.59 and its highest was $33.26 in the past 12 months.
What is Allegro MicroSystems’s market cap?
Currently, no data Available
When is Allegro MicroSystems’s upcoming earnings report date?
Allegro MicroSystems’s upcoming earnings report date is Feb 04, 2025 which is in 45 days.
How were Allegro MicroSystems’s earnings last quarter?
Allegro MicroSystems released its earnings results on Oct 31, 2024. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.064 by $0.016.
Is Allegro MicroSystems overvalued?
According to Wall Street analysts Allegro MicroSystems’s price is currently Undervalued.
Does Allegro MicroSystems pay dividends?
Allegro MicroSystems does not currently pay dividends.
What is Allegro MicroSystems’s EPS estimate?
Allegro MicroSystems’s EPS estimate is $0.06.
How many shares outstanding does Allegro MicroSystems have?
Allegro MicroSystems has 183,983,860 shares outstanding.
What happened to Allegro MicroSystems’s price movement after its last earnings report?
Allegro MicroSystems reported an EPS of $0.08 in its last earnings report, beating expectations of $0.064. Following the earnings report the stock price went down -6.211%.
Which hedge fund is a major shareholder of Allegro MicroSystems?
Among the largest hedge funds holding Allegro MicroSystems’s share is Woodline Partners LP. It holds Allegro MicroSystems’s shares valued at 36M.
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Allegro MicroSystems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$27.10 (25.52% Upside)
$27.10 (25.52% Upside)
Blogger Sentiment
Neutral
ALGM Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 148.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $384.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.2%
Last 30 Days ▼ 4.8%
Last 30 Days ▼ 4.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.03%
12-Months-Change
Fundamentals
Return on Equity
-2.47%
Trailing 12-Months
Asset Growth
16.12%
Trailing 12-Months
Company Description
Allegro MicroSystems
Allegro Microsystems Inc is a global designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the important emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE that include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE that include Regulators, ClearPower Modules, and LED Drivers; and DRIVE that includes BLDC Drivers, Brush DC and Stepper Drivers.
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ALGM Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with notable achievements in product innovation and strong performance in China, while facing significant year-over-year sales declines and ongoing inventory challenges in North America and Europe. The company is focusing on improving gross margins and managing its debt effectively.Read More>---
ALGM Stock 12 Month Forecast
Average Price Target
$27.10
▲(25.52% Upside)
Technical Analysis
Best Analysts Covering ALGM
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+3.80%
reiterated a buy rating 2 months ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +3.80% per trade.
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