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Allegro MicroSystems, Inc. (ALGM)

NASDAQ: ALGM · IEX Real-Time Price · USD
34.60
+0.05 (0.15%)
After-hours:Sep 17, 2021 7:32 PM EDT
34.55
-1.19 (-3.33%)
At close: Sep 17, 4:00 PM
Market Cap6.64B
Revenue (ttm)664.35M
Net Income (ttm)40.80M
Shares Out189.65M
EPS (ttm)0.18
PE Ratio193.02
Forward PE49.02
Dividendn/a
Ex-Dividend Daten/a
Volume3,722,852
Open35.74
Previous Close35.74
Day's Range34.50 - 35.74
52-Week Range16.78 - 36.85
Betan/a
AnalystsStrong Buy
Price Target35.71 (+3.4%)
Est. 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

In 2020, ALGM's revenue was $591.21 million, a decrease of -9.06% compared to the previous year's $650.09 million. Earnings were $17.95 million, a decrease of -51.44%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ALGM stock is "Strong Buy." The 12-month stock price forecast is 35.71, which is an increase of 3.36% from the latest price.

Price Target
$35.71
(3.36% upside)
Analyst Consensus: Strong Buy

News

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

1 month 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...

1 month 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

1 month 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...

2 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

2 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.

3 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...

3 months ago - GlobeNewsWire

Allegro's New 3DMAG Magnetic Position Sensor Enables Next-Generation ADAS Applications

A31315 sensor delivers the accuracy and performance needed to meet stringent ASIL-D requirements of safety-critical automotive applications A31315 sensor delivers the accuracy and performance needed to ...

3 months ago - GlobeNewsWire

Allegro MicroSystems to Present at Upcoming Investor Conferences

MANCHESTER, N.H., May 13, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today President & Chief...

4 months ago - GlobeNewsWire

Allegro MicroSystems Reports Fourth Quarter Record Revenue and Accelerating Profits

Market Share Gain and End Market Recovery Driving Confidence in Long-term Outlook Market Share Gain and End Market Recovery Driving Confidence in Long-term Outlook

4 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on Wednesday, May 5, 2021

MANCHESTER, N.H., April 16, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the fourth quarter and fiscal year 2021 prior to the ...

5 months ago - GlobeNewsWire

Allegro Microsystems To Divest Thailand Manufacturing Facility For $30M

Sensing and power semiconductor technology provider Allegro Microsystems Inc (NASDAQ: ALGM) inked an agreement to divest its Thailand manufacturing facility to an undisclosed purchaser for $30 million. ...

6 months ago - Benzinga

Allegro MicroSystems Announces Sale of Thailand Manufacturing Facility

Sale Demonstrates Continued Execution on Gross Margin Expansion Plan Sale Demonstrates Continued Execution on Gross Margin Expansion Plan

6 months ago - GlobeNewsWire

Allegro Introduces Sensor Interface IC Offering High Accuracy and Output Flexibility for Resistive Bridge Pressure Se...

The A17700 delivers fast, reliable, and flexible output with top-of-the-line signal conditioning algorithms for automotive and industrial pressure sensing applications. The A17700 delivers fast, reliabl...

6 months ago - GlobeNewsWire

Allegro MicroSystems Announces Pricing of Public Offering By Selling Stockholders

MANCHESTER, N.H., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, announced today the pricing of a public offerin...

7 months ago - GlobeNewsWire

Allegro MicroSystems Launches Public Offering By Selling Stockholders

MANCHESTER, N.H., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, announced today the launch of a public offering...

7 months ago - GlobeNewsWire

Allegro MicroSystems Announces Results for the Third Fiscal Quarter Ended December 25, 2020

--End Market Recovery Driving Strong Outlook-- --End Market Recovery Driving Strong Outlook--

7 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. Announces Earnings Call Time Change; Third Quarter 2021 Earnings Call to Occur on February...

MANCHESTER, N.H., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced that it has changed the timing of its previously announced earnings conference call. The Com...

7 months ago - GlobeNewsWire

Allegro MicroSystems, Inc. to Announce Third Quarter Fiscal Year 2021 Financial Results on Tuesday, February 2, 2021

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

8 months ago - GlobeNewsWire

Allegro MicroSystems to Participate in the 23rd Annual Needham Growth Conference

MANCHESTER, N.H., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President &...

8 months ago - GlobeNewsWire

3 New Stocks to Buy That Will Keep Surging in 2021

These new stocks to buy belong to companies with massive growth potential and are likely to breakthrough with improved sentiment next year. The post 3 New Stocks to Buy That Will Keep Surging in 2021 ap...

Other symbols:WBA
9 months ago - InvestorPlace

Allegro MicroSystems to Participate in Barclays Investor Conference

MANCHESTER, N.H., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today President & Chie...

9 months ago - GlobeNewsWire

Allegro MicroSystems to Participate in Wells Fargo and Credit Suisse Investor Conferences

MANCHESTER, N.H., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that President &...

9 months ago - GlobeNewsWire

U.S. IPO Week Ahead: The IPO Market Takes A Break During The Shortened Holiday Week

The IPO market is taking a break during the shortened Thanksgiving week, with just one IPO and two SPACs scheduled to raise $900 million. Russian e-commerce company Ozon Holdings plans to raise $750 mil...

9 months ago - Seeking Alpha

CORRECTION – Allegro MicroSystems Announces Results for the Second Fiscal Quarter Ended September 25, 2020

--Strong Growth and Solid Operating Results-- MANCHESTER, N.H., Nov. 19, 2020 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Allegro MicroSystems, Inc. (Nasdaq:ALGM), p...

9 months ago - GlobeNewsWire