Allegro MicroSystems, Inc. (ALGM)

NASDAQ: ALGM · Real-Time Price · USD
33.50
+0.56 (1.72%)
Jun 26, 2025, 3:05 PM - Market open
1.72%
Market Cap 6.19B
Revenue (ttm) 725.01M
Net Income (ttm) -73.01M
Shares Out 184.90M
EPS (ttm) -0.39
PE Ratio n/a
Forward PE 66.41
Dividend n/a
Ex-Dividend Date n/a
Volume 2,781,049
Open 33.20
Previous Close 32.94
Day's Range 33.06 - 34.30
52-Week Range 16.38 - 34.30
Beta 1.67
Analysts Strong Buy
Price Target 29.13 (-13.04%)
Earnings Date Jul 31, 2025

About ALGM

Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, such as regulator, power management ICs, and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors primarily in the autom... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Oct 29, 2020
Employees 4,060
Stock Exchange NASDAQ
Ticker Symbol ALGM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for ALGM stock is "Strong Buy." The 12-month stock price forecast is $29.13, which is a decrease of -13.04% from the latest price.

Price Target
$29.13
(-13.04% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Which Small And Mid-Cap Chip Stocks Are Set For Big Gains?

On Tuesday, Bank of America Securities (BofA) analyst Vivek Arya highlighted five small and mid-cap (SMid Cap) stocks within his coverage, projecting they could outperform the SOX index over the next ...

Other symbols: COHRCRDOMTSINOVA
2 days ago - Benzinga

Allegro MicroSystems Being The Leader In Critical Magnetic Sensors For EVs Justifies Premium Valuation: Analyst

Bank of America Securities (BofA) analyst Vivek Arya has reinstated its coverage of Allegro Microsystems ALGM with a Buy rating and a price forecast of $38 per share.

10 days ago - Benzinga

Allegro MicroSystems: Turnaround Potential Targeting $12 Billion Market Opportunity (Rating Downgrade)

Allegro MicroSystems is in a turnaround phase under new CEO Mike Doogue, focusing on innovation and SAM expansion to drive long-term growth. Recent results remain weak, but sequential improvements in ...

5 weeks ago - Seeking Alpha

Allegro MicroSystems to Present at TD Cowen's 53rd Annual Technology, Media & Telecom Conference on Thursday, May 29, 2025

MANCHESTER, N.H., May 15, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy eff...

6 weeks ago - GlobeNewsWire

These Analysts Revise Their Forecasts On Allegro MicroSystems After Q4 Results

Allegro MicroSystems, Inc. ALGM reported better-than-expected fourth-quarter financial results and issued first-quarter sales guidance above estimates.

6 weeks ago - Benzinga

Allegro MicroSystems, Inc. (ALGM) Q4 2025 Earnings Call Transcript

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q4 2025 Earnings Call May 8, 2025 8:30 AM ET Company Participants Jalene Hoover - Investor Relations Mike Duke - President and Chief Executive Officer Derek D...

7 weeks ago - Seeking Alpha

Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2025 Results

MANCHESTER, N.H., May 08, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion contr...

7 weeks ago - GlobeNewsWire

Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2025 Financial Results

MANCHESTER, N.H., April 17, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2025 prior t...

2 months ago - GlobeNewsWire

Allegro Issues Statement

MANCHESTER, N.H., April 15, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ: ALGM) ("Allegro" or the "Company") today issued the following statement regarding Onsemi's withdrawal of its un...

2 months ago - GlobeNewsWire

Allegro MicroSystems: Revolutionizing Clean Energy Generation, Distribution and Storage with New XtremeSense TMR Current Sensors

MANCHESTER, N.H., April 14, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient syste...

2 months ago - GlobeNewsWire

Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems

U.S chipmaker Onsemi said on Monday it was withdrawing its $6.9 billion offer for Allegro MicroSystems , a month after the semiconductor solutions provider rebuffed the latest offer from its larger ri...

Other symbols: ON
2 months ago - Reuters

onsemi Withdraws Proposal to Acquire Allegro MicroSystems

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) and withdrawn its all-cash p...

Other symbols: ON
2 months ago - Business Wire

Allegro MicroSystems Expands Motor Control and Thermal Management Solutions to Capitalize on Growing e-Mobility and Automation Markets

New current sensors and fan driver ICs deliver improved performance and energy efficiency for automotive and industrial applications New current sensors and fan driver ICs deliver improved performance...

2 months ago - GlobeNewsWire

ON Semi Joins Top Chip Picks As Tesla Gains And Allegro Deal Signal Upside

Following his industry update report, BofA Securities analyst Vivek Arya spotlighted his three diversified semiconductor top picks on Friday.

Other symbols: ON
3 months ago - Benzinga

Allegro MicroSystems Appoints Rick Madormo as Senior Vice President of Worldwide Sales

MANCHESTER, N.H., March 12, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy-e...

3 months ago - GlobeNewsWire

Allegro Stock Jumps as Chip Maker Rejects Onsemi's $35.10 Per Share Bid

Shares of power chips maker Allegro Microsystems (ALGM) jumped Thursday in intraday trading after it rejected the latest bid by its larger rival ON Semiconductor (ON), also known as Onsemi, describing...

4 months ago - Investopedia

Onsemi Discloses Offer to Acquire Allegro MicroSystems

Allegro MicroSystems said On Semiconductor's recent acquisition offer that values it at $6.9 billion is “inadequate.”

Other symbols: ON
4 months ago - WSJ

Allegro Confirms Receipt of Unsolicited Proposal from onsemi

MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- Allegro (NASDAQ: ALGM) ("Allegro" or the "Company") today confirmed that it received an unsolicited proposal from onsemi to acquire Allegro for $35...

4 months ago - GlobeNewsWire

Onsemi proposes to acquire Allegro Microsystems in all-cash transaction

Onsemi said on Wednesday that it proposed to acquire sensor integrated circuits provider Allegro Microsystems for $35.10 per share in an all-cash transaction.

Other symbols: ON
4 months ago - Reuters

onsemi Proposes to Acquire Allegro MicroSystems for $35.10 Per Share in Cash

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) to acquire th...

Other symbols: ON
4 months ago - Business Wire

Allegro MicroSystems Appoints Mike Doogue as President and Chief Executive Officer

MANCHESTER, N.H., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-eff...

4 months ago - GlobeNewsWire

Allegro MicroSystems to Present at Morgan Stanley's Technology, Media & Telecom Conference on March 4, 2025

MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy ef...

4 months ago - GlobeNewsWire

Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Directors

MANCHESTER, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-eff...

5 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. (ALGM) Q3 2025 Earnings Call Transcript

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q3 2025 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations and Corporate Communica...

5 months ago - Seeking Alpha

Allegro MicroSystems to Announce Third Quarter Fiscal 2025 Financial Results

MANCHESTER, N.H., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal 2025 prior to the marke...

6 months ago - GlobeNewsWire