Allegro MicroSystems, Inc. (ALGM)

NASDAQ: ALGM · IEX Real-Time Price · USD
32.48
-0.12 (-0.37%)
At close: Dec 9, 2022 4:00 PM
32.00
-0.48 (-1.48%)
After-hours: Dec 9, 2022 6:53 PM EST
-0.37%
Market Cap 6.24B
Revenue (ttm) 842.34M
Net Income (ttm) 119.41M
Shares Out 191.28M
EPS (ttm) 0.62
PE Ratio 52.39
Forward PE 25.19
Dividend n/a
Ex-Dividend Date n/a
Volume 1,362,796
Open 32.35
Previous Close 32.6
Day's Range 32.03 - 32.98
52-Week Range 19.2 - 38.28
Beta 1.73
Analysts Buy
Price Target 31.62 (-2.6%)
Earnings Date Oct 27, 2022

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; power ICs comprising motor driver ICs, and regulator and LED driver ICs; and photonic and 3D sensing components, including photodiodes, eye-safe lasers, and readout ICs for LiDAR applications. The company sells its products to original equipment manufacturers and... [Read more]

Industry Semiconductors & Semiconductor Equipment
IPO Date Oct 29, 2020
Employees 4,036
Stock Exchange NASDAQ
Ticker Symbol ALGM
Full Company Profile

Financial Performance

In 2021, ALGM's revenue was $768.67 million, an increase of 30.02% compared to the previous year's $591.21 million. Earnings were $119.41 million, an increase of 565.11%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for ALGM stock is "Buy." The 12-month stock price forecast is 31.62, which is a decrease of -2.65% from the latest price.

Price Target
$31.62
(-2.65% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Allegro Microsystems, CubeSmart To Join S&P MidCap 400; ALGM Stock Set To Break Out

EV chip play Allegro Microsystems and CubeSmart will join the S&P MidCap 400, along with some S&P 600 moves. ALGM stock is set to break out.

Other symbols: CUBE
5 days ago - Investors Business Daily

Allegro MicroSystems to Participate at Upcoming Investor Conferences

MANCHESTER, N.H., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor technology for motion control and energy effi...

2 weeks ago - GlobeNewsWire

Allegro MicroSystems Announces PCB-Less 3D Magnetic Sensor for Vehicle Safety and ADAS Applications

Robust A31316 IC enables flexible integration for precision contactless position sensing Robust A31316 IC enables flexible integration for precision contactless position sensing

1 month ago - GlobeNewsWire

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

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 19.23% and 5.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the s...

1 month ago - Zacks Investment Research

Allegro MicroSystems Reports Second Quarter 2023 Results

Achieves Record Quarter with Sales Increasing 23% and Earnings Expanding 52% Year-over-Year Achieves Record Quarter with Sales Increasing 23% and Earnings Expanding 52% Year-over-Year

1 month ago - GlobeNewsWire

Allegro MicroSystems to Announce Second Quarter Fiscal 2023 Financial Results Thursday, October 27, 2022

MANCHESTER, N.H., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the second quarter fiscal 2023 prior to the market ope...

1 month ago - GlobeNewsWire

Allegro MicroSystems Completes Acquisition of Heyday Integrated Circuits

Simplify and accelerate high-power GaN and SiC system implementation with revolutionary gate driver technology Simplify and accelerate high-power GaN and SiC system implementation with revolutionary gat...

3 months ago - GlobeNewsWire

Allegro MicroSystems Appoints Mike Doogue as First Chief Technology Officer

Senior Vice President of Technology and Products brings over 25 Years of Leadership to New CTO Position Senior Vice President of Technology and Products brings over 25 Years of Leadership to New CTO Pos...

3 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 9.09% and 4.94%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Allegro MicroSystems Reports First Quarter 2023 Results

Company Achieves New Quarterly Sales Record Company Achieves New Quarterly Sales Record

4 months ago - GlobeNewsWire

8 Semiconductor Stocks to Buy on the Dip

Once the bear market runs its course, semiconductor stocks could lead the market recovery and here are a few bargain buys offering biggest upside potential. The post 8 Semiconductor Stocks to Buy on the...

4 months ago - InvestorPlace

Allegro MicroSystems Announces New Distribution Partnership With Mouser Electronics

Partnership expands Allegro's global distribution footprint to serve a wider range of customers Partnership expands Allegro's global distribution footprint to serve a wider range of customers

4 months ago - GlobeNewsWire

What Makes Allegro MicroSystems, Inc. (ALGM) a New Strong Buy Stock

Allegro MicroSystems, Inc. (ALGM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

5 months ago - Zacks Investment Research

Allegro MicroSystems Announces Groundbreaking New Position Sensors for ADAS Applications

New technology featuring TMR and vertical Hall elements combines industry-leading accuracy with built-in redundancy for safety-critical systems New technology featuring TMR and vertical Hall elements co...

5 months ago - GlobeNewsWire

Allegro MicroSystems Announces Agreement to Acquire Heyday Integrated Circuits

Advanced gate driver technology significantly expands Allegro's served addressable market in electric vehicles, solar and charging infrastructure Advanced gate driver technology significantly expands Al...

6 months ago - GlobeNewsWire

Allegro MicroSystems to Present at Upcoming Investor Conferences

MANCHESTER, N.H., May 27, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today President & Chief...

6 months ago - GlobeNewsWire

Wall Street Analysts See a 52% Upside in Allegro MicroSystems, Inc. (ALGM): Can the Stock Really Move This High?

The mean of analysts' price targets for Allegro MicroSystems, Inc. (ALGM) points to a 52.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreeme...

6 months ago - Zacks Investment Research

Allegro MicroSystems Expands Portfolio of Three-Phase Sensorless BLDC Gate Drivers for Data Center Cooling Systems

New devices improve thermal efficiency, reducing energy use and data center costs New devices improve thermal efficiency, reducing energy use and data center costs

6 months ago - GlobeNewsWire

Allegro MicroSystems Announces 4x4mm 50 V Full-Bridge Gate Drivers for Automotive and Industrial Applications

New drivers enable fewer external components and smaller footprints while improving performance New drivers enable fewer external components and smaller footprints while improving performance

6 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. (ALGM) Matches Q4 Earnings Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 0% and 2.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Allegro MicroSystems Announces CEO Retirement and Appointment of Successor

Former Sensata Technologies Executive Brings Over 25 Years of Technology Leadership Former Sensata Technologies Executive Brings Over 25 Years of Technology Leadership

7 months ago - GlobeNewsWire

Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2022 Results

Company Achieves Record Revenue and Profitability for the Fourth Quarter and Full Year Company Achieves Record Revenue and Profitability for the Fourth Quarter and Full Year

7 months ago - GlobeNewsWire

Allegro MicroSystems Achieves Major Milestone of Three Billion Motor Driver Integrated Circuits Shipped

New innovations help customers increase efficiency and reduce costs while helping them to achieve higher safety standards New innovations help customers increase efficiency and reduce costs while helpin...

7 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. to Announce Fourth Quarter and Fiscal Year 2022 Financial Results on Tuesday, May 10, 2022

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

7 months ago - GlobeNewsWire

Allegro MicroSystems Unveils Revolutionary New GMR Crankshaft and Camshaft Sensors for HEV Engine Platforms

Cutting-edge GMR technology gives automakers best-in-class performance and efficiency Cutting-edge GMR technology gives automakers best-in-class performance and efficiency

8 months ago - GlobeNewsWire