Allegro MicroSystems, Inc. (ALGM)

NASDAQ: ALGM · IEX Real-Time Price · USD
31.72
+1.04 (3.39%)
At close: Feb 26, 2024, 4:00 PM
31.50
-0.22 (-0.69%)
After-hours: Feb 26, 2024, 7:06 PM EST
3.39%
Market Cap 6.12B
Revenue (ttm) 1.08B
Net Income (ttm) 221.79M
Shares Out 193.13M
EPS (ttm) 1.14
PE Ratio 27.82
Forward PE 37.74
Dividend n/a
Ex-Dividend Date n/a
Volume 1,280,736
Open 30.96
Previous Close 30.68
Day's Range 30.83 - 31.90
52-Week Range 24.66 - 53.05
Beta 1.80
Analysts Buy
Price Target 47.83 (+50.79%)
Earnings Date Feb 1, 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... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Oct 29, 2020
Employees 4,687
Stock Exchange NASDAQ
Ticker Symbol ALGM
Full Company Profile

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%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for ALGM stock is "Buy." The 12-month stock price forecast is $47.83, which is an increase of 50.79% from the latest price.

Price Target
$47.83
(50.79% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Allegro MicroSystems Introduces High-Bandwidth Current Sensor Technologies Enabling High-Performance Power Conversion

Power-Dense Sensors Designed to Minimize Energy Loss While Improving Efficiency and Reliability for SiC and GaN Technologies Power-Dense Sensors Designed to Minimize Energy Loss While Improving Effici...

20 days ago - GlobeNewsWire

Allegro MicroSystems Reports Third Quarter 2024 Results

–Total Sales Increased 2% Year-over-Year – –E-Mobility Drives 18% Year-over-Year Increase in Automotive Sales –

25 days ago - GlobeNewsWire

15 semiconductor companies that have followed Nvidia's lead by showing pricing power and improved efficiency

When thinking about an industry group in the stock market, you can look ahead at sales and profit estimates, or you can look back to see which companies have been faring best by common measures.

26 days ago - Market Watch

UPDATE – Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results

MANCHESTER, N.H., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal year 2024 prior to the ...

6 weeks ago - GlobeNewsWire

Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results

MANCHESTER, N.H., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal year 2024 prior to the ...

6 weeks ago - GlobeNewsWire

Allegro MicroSystems to Present at Needham's 26th Annual Growth Conference on January 19

MANCHESTER, N.H., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy ef...

7 weeks ago - GlobeNewsWire

20 midcap stocks with 2024 upside ranging up to 62%, according to analysts

When investors think about whether to increase their exposure beyond the big companies that grab most of the headlines in the financial media, they are likely to look at small-cap stocks first. After ...

2 months ago - Market Watch

Allegro MicroSystems Reports Second Quarter 2024 Results

– Net Sales Increased by 16% Year-over-Year – – GAAP & Non-GAAP EPS Increased 31% and 29% Respectively, Year-over-Year – – Automotive Sales Increased by 31% Year-over-Year Led by E-Mobility –

4 months ago - GlobeNewsWire

Allegro MicroSystems Completes Acquisition of Crocus Technology to Accelerate Innovation in TMR Sensing Technology

-- Tunnel Magnetoresistance (“TMR”) Represents Fastest Growing Technology in Magnetic Sensing with an Estimated 30% CAGR Through 2030 -- MANCHESTER, N.H., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Allegro Mic...

4 months ago - GlobeNewsWire

Allegro MicroSystems Appoints Mary Puma to its Board of Directors

Mary Puma joined the Allegro board effective October 18, 2023 to fill the vacancy created by the retirement of Dr. Reza Kazerounian Mary Puma joined the Allegro board effective October 18, 2023 to fil...

4 months ago - GlobeNewsWire

Allegro MicroSystems to Announce Second Quarter Fiscal Year 2024 Financial Results

MANCHESTER, N.H., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal year 2024 prior to the...

4 months ago - GlobeNewsWire

Top 4 Tech Stocks That May Explode In Q3 - Progress Software (NASDAQ:PRGS), Allegro Microsystems (NASDAQ:ALGM)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: PRGSSLABYOU
5 months ago - Benzinga

Crocus Technology Acquired by Allegro MicroSystems to Accelerate Innovation in TMR Sensing Technology

Tunnel Magnetoresistance ("TMR") Represents Fastest Growing Technology in Magnetic Sensing, Approaching $1B SAM by 2030 MILPITAS, Calif. , Aug. 8, 2023 /PRNewswire/ -- Crocus Technology ("Crocus"), a ...

7 months ago - PRNewsWire

Allegro MicroSystems to Acquire Crocus Technology to Accelerate Innovation in TMR Sensing Technology

-- Tunnel Magnetoresistance (“TMR”) Represents Fastest Growing Technology in Magnetic Sensing Approaching $1B SAM by 2030 -- MANCHESTER, N.H., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, I...

7 months ago - GlobeNewsWire

Allegro MicroSystems Reports First Quarter 2024 Results

--Net Sales increased by 28% Year-over-Year to a New Record-- --Net Sales in Strategic Growth Areas Increased by 63% Year-over-Year-- --GAAP Diluted Earnings Per Share (EPS) increased by 520% Year-ove...

7 months ago - GlobeNewsWire

Allegro MicroSystems to Announce First Quarter Fiscal Year 2024 Financial Results

MANCHESTER, N.H., July 11, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal year 2024 prior to the ...

8 months ago - GlobeNewsWire

Allegro MicroSystems Introduces New Isolated Gate Driver IC to Enable Leading Power Conversion Density

First Release in the Power-Thru Product Family Delivers 2× the Power Density with a Simpler and More Efficient System Design First Release in the Power-Thru Product Family Delivers 2× the Power Densit...

8 months ago - GlobeNewsWire

Allegro MicroSystems to Present at Nasdaq's London Investor Conference

MANCHESTER, N.H., May 30, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy eff...

9 months ago - GlobeNewsWire

Allegro MicroSystems to Present at TD Cowen's Technology, Media & Telecom Investor Conference

MANCHESTER, N.H., May 17, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy eff...

10 months ago - GlobeNewsWire

Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2023 Results

--  Fourth Quarter Sales increased by 35% and GAAP Earnings Per Share (EPS) increased by 138% Year-over-Year -- -- Annual Sales increased by 27% and GAAP EPS increased by 56% Year-over-Year --

10 months ago - GlobeNewsWire

Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2023 Results

MANCHESTER, N.H., April 20, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2023 on Wedn...

11 months ago - GlobeNewsWire

2 Under-The-Radar Small Chip Stocks Poised For Big Growth

Chip stocks are certainly having a moment, with the sub-industry consisting of fabless semiconductor makers being a top market leader. Nvidia Corp. (NASDAQ: NVDA) is among the S&P 500's biggest winner...

Other symbols: PI
11 months ago - MarketBeat

Allegro MicroSystems Announces Switching Regulator Modules with up to Five Times Less EMI

Reduces Time to Market, Lowers Development Cost Reduces Time to Market, Lowers Development Cost

1 year ago - GlobeNewsWire

Top Wall Street analysts pick these five stocks for the long term

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including BJ's & CrowdStrike

Other symbols: BJCRWDDELLORCLSYK
1 year ago - CNBC

Allegro MicroSystems Announces Industry's First ASIL C Safety Rated Field Current Sensor for Electric Vehicle Powertrain Systems

Samples Are Available Now to Support Designers in Achieving New Safety and Efficiency Standards Samples Are Available Now to Support Designers in Achieving New Safety and Efficiency Standards

1 year ago - GlobeNewsWire