Allegro MicroSystems, Inc. (ALGM)

Market Cap	5.72B
Revenue (ttm)	1.05B
Net Income (ttm)	152.70M
Shares Out	193.78M
EPS (ttm)	0.78
PE Ratio	37.86
Forward PE	63.47
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,202,829
Open	27.98
Previous Close	27.93
Day's Range	27.97 - 29.58
52-Week Range	23.64 - 53.05
Beta	1.70
Analysts	Strong Buy
Price Target	38.38 (+29.97%)
Earnings Date	Jul 30, 2024

About ALGM

Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog 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, regulator and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors primarily in the automotive and industrial mar...

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Oct 29, 2020
• Employees: 4,593
• Stock Exchange: NASDAQ
• Ticker Symbol: ALGM

Financial Performance

In 2023, ALGM's revenue was $1.05 billion, an increase of 7.78% compared to the previous year's $973.65 million. Earnings were $152.70 million, a decrease of -18.50%.

Analyst Forecast

According to 8 analysts, the average rating for ALGM stock is "Strong Buy." The 12-month stock price forecast is $38.38, which is an increase of 29.97% from the latest price.

Price Target

$38.38

(29.97% upside)

Analyst Consensus: Strong Buy