Allegro MicroSystems, Inc. (ALGM)

NASDAQ: ALGM · IEX Real-Time Price · USD
29.09 -1.67 (-5.43%)
Jan 18, 2022 1:28 PM EST - Market open
Market Cap5.52B
Revenue (ttm)721.31M
Net Income (ttm)64.40M
Shares Out189.70M
EPS (ttm)0.24
PE Ratio120.71
Forward PE34.48
Dividendn/a
Ex-Dividend Daten/a
Volume348,321
Open30.20
Previous Close30.76
Day's Range28.97 - 30.21
52-Week Range22.05 - 38.28
Betan/a
AnalystsStrong Buy
Price Target40.00 (+37.5%)
Earnings DateOct 28, 2021

About ALGM

Allegro MicroSystems, Inc. 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, and regulator and LED driver ICs, as well as photonic and 3D sensing components, including photodiodes, eye-safe lasers and rangefinders, and readout ICs for LiDAR applications. The company sells its products to original...

IndustrySemiconductors & Semiconductor Equipment
IPO DateOct 29, 2020
Employees3,874
Stock ExchangeNASDAQ
Ticker SymbolALGM
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 40.00, which is an increase of 37.50% from the latest price.

Price Target
$40.00
(37.50% upside)
Analyst Consensus: Strong Buy

News

Allegro Announces First-to-Market High-Resolution GMR Wheel Speed and Distance Sensor for ADAS Applications

New A19360 will help automakers achieve levels 3, 4 and 5 automation in passenger vehicles New A19360 will help automakers achieve levels 3, 4 and 5 automation in passenger vehicles

4 hours ago - GlobeNewsWire

Allegro Announces Industry's Smallest Sine/Cosine 3D Position Sensor

New A33230 Hall-effect sensor offers superior performance in a tiny package New A33230 Hall-effect sensor offers superior performance in a tiny package

1 week ago - GlobeNewsWire

Allegro MicroSystems Appoints Derek D'Antilio as Chief Financial Officer

Company thanks retiring CFO Paul Walsh for 7 years of service Company thanks retiring CFO Paul Walsh for 7 years of service

1 week ago - GlobeNewsWire

Allegro MicroSystems to Present at the 24th Annual Needham Growth Conference

MANCHESTER, N.H., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President &...

1 week ago - GlobeNewsWire

Is Allegro MicroSystems, Inc. (ALGM) Outperforming Other Computer and Technology Stocks This Year?

Here is how Allegro MicroSystems, Inc. (ALGM) and KLA (KLAC) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Allegro MicroSystems Names Sharon Briansky General Counsel

MANCHESTER, N.H., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, announced today the appointment of Sharon Brian...

1 month ago - GlobeNewsWire

Allegro MicroSystems to Present at Upcoming Investor Conferences

MANCHESTER, N.H., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, today announced its participatio...

1 month ago - GlobeNewsWire

Bears are Losing Control Over Allegro MicroSystems, Inc. (ALGM), Here's Why It's a 'Buy' Now

Allegro MicroSystems, Inc. (ALGM) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agree...

2 months ago - Zacks Investment Research

New Allegro LED Drivers Bring High-End Lighting Technology to Mainstream Vehicles, Enhancing Automotive Safety

Innovative ICs can be used standalone or integrated into ADAS solutions Innovative ICs can be used standalone or integrated into ADAS solutions

2 months ago - GlobeNewsWire

Allegro MicroSystems Named to Inc.'s First-Annual Best-Led Companies List

Leading semiconductor company recognized for excellence in first-ever list of mid-sized companies Leading semiconductor company recognized for excellence in first-ever list of mid-sized companies

2 months ago - GlobeNewsWire

Allegro Microsystems Selling Shareholder OEP SKNA To Offload $233.5M Shares

Allegro Microsystems Inc's (NASDAQ: ALGM) selling shareholder One Equity Partners SKNA proposed to sell 7 million shares in a secondary equity offering. The estimated gross proceeds are $233.52 based on...

2 months ago - Benzinga

Allegro MicroSystems, Inc. Announces Secondary Offering of Common Stock

MANCHESTER, N.H., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (“Allegro”), a global leader in sensing and power semiconductor technology, announced today a secondary offe...

2 months ago - GlobeNewsWire

CORRECTING and REPLACING - Allegro MicroSystems Reports Second Quarter of Fiscal Year 2022 Results

Company Achieves Record Quarterly Revenue and Profitability Company Achieves Record Quarterly Revenue and Profitability

2 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 11.11% and 2.98%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the s...

2 months ago - Zacks Investment Research

Allegro MicroSystems Reports Second Quarter of Fiscal Year 2022 Results

Company Achieves Record Quarterly Revenue and Profitability Company Achieves Record Quarterly Revenue and Profitability

2 months ago - GlobeNewsWire

Allegro Unveils 3-Phase Gate Driver For EV and Hybrid Cars

New device keeps batteries and HVAC systems running quiet and cool New device keeps batteries and HVAC systems running quiet and cool

2 months ago - GlobeNewsWire

Analysts Estimate Allegro MicroSystems, Inc. (ALGM) to Report a Decline in Earnings: What to Look Out for

Allegro MicroSystems, Inc. (ALGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Allegro MicroSystems, Inc. to Announce Second Quarter Fiscal Year 2022 Financial Results on Thursday, October 28, 2021

MANCHESTER, N.H., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the second quarter fiscal year 2022 prior to the marke...

3 months ago - GlobeNewsWire

Allegro MicroSystems Finalizes Sale of Thailand Manufacturing Facility

Transaction Signifies Major Milestone in Strategy to Streamline Back-End Operations Transaction Signifies Major Milestone in Strategy to Streamline Back-End Operations

5 months ago - GlobeNewsWire

Allegro Microsystems Beats On Q1 Earnings, Posts Robust Segment Results, Issues Strong Q2 Guidance

Allegro Microsystems Inc (NASDAQ: ALGM) reported first-quarter FY22 net sales growth of 64% year-on-year to $188.1 million, beating the analyst consensus of $177.6 million. Net sales from Automotive ros...

5 months ago - Benzinga

Allegro MicroSystems Reports First Quarter Results Including Recent Records In Revenue and Profit

ADAS and xEV Demand Acceleration and Design Win Momentum Support Strong Growth and Margin Expansion ADAS and xEV Demand Acceleration and Design Win Momentum Support Strong Growth and Margin Expansion

5 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. to Announce First Quarter Fiscal Year 2022 Financial Results on Thursday, July 29, 2021

MANCHESTER, N.H., July 15, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the first quarter fiscal year 2022 prior to the market...

6 months ago - GlobeNewsWire

Allegro's New GMR Gear Tooth Speed Sensor Gives Transmission Designers More Options Than Ever Before

Industry-leading air gap enables increased reliability, efficiency, and design flexibility Industry-leading air gap enables increased reliability, efficiency, and design flexibility

6 months ago - GlobeNewsWire

How Allegro MicroSystems (ALGM) Stock Stands Out in a Strong Industry

Allegro MicroSystems (ALGM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

7 months ago - Zacks Investment Research

David J. Aldrich Joins the Allegro MicroSystems Board of Directors

MANCHESTER, N.H., May 25, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced the appointment of David J. Aldr...

7 months ago - GlobeNewsWire