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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$19.82 - $33.26
Previous Close$20.71
Volume1.00M
Average Volume (3M)2.68M
Market Cap
$3.79B
Enterprise Value$3.85B
Total Cash (Recent Filing)$173.14M
Total Debt (Recent Filing)$225.23M
Price to Earnings (P/E)54.6
Beta1.77
Next Earnings
Oct 31, 2024EPS Estimate
$0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.38
Shares Outstanding193,920,480
10 Day Avg. Volume1,490,015
30 Day Avg. Volume2,681,095
Standard Deviation0.14
R-Squared0.34
Alpha-0.00748
Financial Highlights & Ratios
Price to Book (P/B)3.62
Price to Sales (P/S)4.26
Price to Cash Flow (P/CF)29.20
P/FCF Ratio34.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.00
Enterprise Value/Gross Profit6.69
Enterprise Value/Ebitda17.25
Forecast
1Y Price Target
$32.20Price Target Upside55.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Allegro MicroSystems News
PremiumCompany Announcements
Allegro MicroSystems Boosts Position with Strategic Equity Transaction
Bulls Say, Bears Say
Bulls Say
Automotive GrowthStrong outlook backed by Automotive strength, while other end markets remain weak.
Electrification And AutonomyAllegro presents an attractive auto-semis growth story tied to both electrification and autonomy, with additional growth drivers from select high-growth industrial markets.
Share RepurchaseShare repurchase from Sanken removes ownership overhang, a long-term positive in our view.
Bears Say
Earnings GuidanceA significant reduction in earnings guidance was unexpected, especially after earlier optimism suggested that previous guidance had minimized risks.
Industrial Sector PerformanceIndustrial and other sectors are experiencing continued weakness, particularly with weak consumer end markets impacting demand.
Profit MarginsMargin pressures persist due to underutilization and a lower mix of distributor sales, affecting overall profitability.
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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 $19.82 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 Oct 31, 2024 which is in 12 days.
How were Allegro MicroSystems’s earnings last quarter?
Allegro MicroSystems released its earnings results on Aug 01, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.022 by $0.008.
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 183,903,170 shares outstanding.
What happened to Allegro MicroSystems’s price movement after its last earnings report?
Allegro MicroSystems reported an EPS of $0.03 in its last earnings report, beating expectations of $0.022. Following the earnings report the stock price went up 0.541%.
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 41M.
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Allegro MicroSystems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$32.20 (55.48% Upside)
$32.20 (55.48% Upside)
Blogger Sentiment
Neutral
ALGM Sentiment 60%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 1.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $897.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-30.96%
12-Months-Change
Fundamentals
Return on Equity
6.95%
Trailing 12-Months
Asset Growth
17.41%
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
Q1 2024
0:00 / 0:00
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ALGM Stock 12 Month Forecast
Average Price Target
$32.20
▲(55.48% Upside)
Technical Analysis
Best Analysts Covering ALGM
1 Year
1 Year Success Rate
10/28 ratings generated profit
1 Year Average Return
+0.02%
reiterated a buy rating 2 months ago
Copying Vijay Rakesh's trades and holding each position for 1 Year would result in 35.71% of your transactions generating a profit, with an average return of +0.02% per trade.
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