Allegro MicroSystems, Inc. (ALGM)

Market Cap	5.81B
Revenue (ttm)	1.08B
Net Income (ttm)	221.79M
Shares Out	193.13M
EPS (ttm)	1.14
PE Ratio	26.40
Forward PE	35.79
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,180,645
Open	29.05
Previous Close	29.13
Day's Range	28.98 - 30.33
52-Week Range	24.66 - 53.05
Beta	1.82
Analysts	Buy
Price Target	46.14 (+53.29%)
Earnings Date	May 9, 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; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components. The company sells its products to original equipment manufacturers and suppliers prim...

• Industry: Semiconductors
• Sector: Technology
• IPO Date: Oct 29, 2020
• Employees: 4,687
• Stock Exchange: NASDAQ
• Ticker Symbol: ALGM

Financial Performance

In 2022, ALGM's revenue was $973.65 million, an increase of 26.67% compared to the previous year's $768.67 million. Earnings were $187.36 million, an increase of 56.91%.

Analyst Forecast

According to 7 analysts, the average rating for ALGM stock is "Buy." The 12-month stock price forecast is $46.14, which is an increase of 53.29% from the latest price.

Price Target

$46.14

(53.29% upside)

Analyst Consensus: Buy