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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
Allegro MicroSystems (ALGM) Stock Price & Analysis
1,029 Followers
ALGM Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$23.64 - $52.26
Previous Close$28.79
Volume1.34M
Average Volume (3M)1.41M
Market Cap
$5.58B
Enterprise Value$5.64B
Total Cash (Recent Filing)$212.14M
Total Debt (Recent Filing)$275.21M
Price to Earnings (P/E)36.8
Beta1.58
Next Earnings
Aug 01, 2024EPS Estimate
$0.02Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.78
Shares Outstanding193,748,130
10 Day Avg. Volume1,587,290
30 Day Avg. Volume1,414,617
Standard Deviation0.14
R-Squared0.36
Alpha0.00054
Financial Highlights & Ratios
Price to Book (P/B)8.23
Price to Sales (P/S)22.28
Price to Cash Flow (P/CF)105.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.25
Enterprise Value/Gross Profit9.82
Enterprise Value/Ebitda18.76
Forecast
1Y Price Target
$34.40Price Target Upside19.49% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
Allegro MicroSystems News
Bulls Say, Bears Say
Bulls Say
Market ShareALGM noting no concern of any competitive share loss and continuing to gain automotive magnetic sensor share in China, US and Europe.
Price TargetThe price target has been raised from $32.00 to $35.00.
Revenue GrowthRevenue is expected to grow into F2Q25 and continue at that rate throughout the rest of FY25.
Bears Say
EarningsALGM guided its JunQ much softer to $165M/$0.02 (down 31% q/q BELOW cons. of $215M/$0.17).
Gross MarginALGM's gross margin is expected to remain challenged in the near-term given lower mix of distribution sales and integration of Crocus.
InventoryElevated inventories at auto and industrial customers create near-term headwinds.
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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 $23.64 and its highest was $52.26 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 Aug 01, 2024 which is in 10 days.
How were Allegro MicroSystems’s earnings last quarter?
Allegro MicroSystems released its earnings results on May 09, 2024. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.213 by $0.037.
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 $0.02.
How many shares outstanding does Allegro MicroSystems have?
Allegro MicroSystems has 193,784,320 shares outstanding.
What happened to Allegro MicroSystems’s price movement after its last earnings report?
Allegro MicroSystems reported an EPS of $0.25 in its last earnings report, beating expectations of $0.213. Following the earnings report the stock price went down -5.756%.
Which hedge fund is a major shareholder of Allegro MicroSystems?
Among the largest hedge funds holding Allegro MicroSystems’s share is S Squared Technology, LLC. It holds Allegro MicroSystems’s shares valued at 9M.
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Allegro MicroSystems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$34.40 (19.49% Upside)
$34.40 (19.49% Upside)
Blogger Sentiment
Neutral
ALGM Sentiment 50%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 1.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $255.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.8%
Last 30 Days ▲ 6.8%
Last 30 Days ▲ 6.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-44.81%
12-Months-Change
Fundamentals
Return on Equity
14.57%
Trailing 12-Months
Asset Growth
32.98%
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
Q4 2024
0:00 / 0:00
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ALGM Stock 12 Month Forecast
Average Price Target
$34.40
▲(19.49% Upside)
Technical Analysis
Best Analysts Covering ALGM
1 Year
1 Year Success Rate
9/16 ratings generated profit
1 Year Average Return
+10.26%
reiterated a buy rating 2 months ago
Copying Quinn Bolton's trades and holding each position for 1 Year would result in 56.25% of your transactions generating a profit, with an average return of +10.26% per trade.
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