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Allegro MicroSystems (ALGM)
NASDAQ:ALGM
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ALGM Stock Chart & Stats
Day’s Range― - ―
52-Week Range$18.59 - $33.26
Previous CloseN/A
Volume656.31K
Average Volume (3M)2.00M
Market Cap
$4.22B
Enterprise Value$4.83B
Total Cash (Recent Filing)$99.74M
Total Debt (Recent Filing)$29.70M
Price to Earnings (P/E)―
Beta1.84
Next Earnings
Jan 30, 2025EPS Estimate
0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.13
Shares Outstanding183,983,860
10 Day Avg. Volume2,064,354
30 Day Avg. Volume1,996,409
Standard Deviation0.14
R-Squared0.33
Alpha-0.00865
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.07
Price to Cash Flow (P/CF)69.20
P/FCF Ratio67.60
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue5.54
Enterprise Value/Gross Profit8.40
Enterprise Value/Ebitda39.14
Forecast
1Y Price Target
$28.00Price Target Upside18.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Allegro MicroSystems News
PremiumCompany Announcements
Allegro MicroSystems Plans $375M Debt Refinancing by 2025
PremiumCompany Announcements
Allegro MicroSystems Initiates Term Loan Refinancing Strategy
PremiumCompany Announcements
David J. Aldrich Resigns from Allegro MicroSystems Board
Bulls Say, Bears Say
Bulls Say
Market Recovery And Inventory ManagementAllegro sees China inventory bottoming with US/EU closer, setting it up for a potential recovery as customers have started placing orders within lead times.
Partnerships And Market PositionAllegro is well positioned to benefit from the continued increase of magnetic sensors across both ICEs and BEVs, underpinned by evolving trends of more ADAS and electrification.
Product Innovation And Growth PotentialThe company's new Power-Thru isolated gate drivers are expected to deliver additional driving content expansion in BEVs.
Bears Say
Automotive Semiconductor MarketThe automotive semiconductor market is expected to enter a period of stagnation with slower content growth, posing a headwind to Allegro’s revenue growth.
Inventory LevelsElevated inventories in the US and EU are causing some weakness in Allegro Microsystems' performance.
Revenue And Gross MarginIndustry headwinds are likely to limit Allegro’s revenue and gross margin recovery.
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Risk Analysis
Main Risk Category
Ability to SellRisks related to the company’s ability to sell goods and services
ALGM FAQ
What was Allegro MicroSystems’s price range in the past 12 months?
Allegro MicroSystems lowest stock price was $18.59 and its highest was $33.26 in the past 12 months.
What is Allegro MicroSystems’s market cap?
Allegro MicroSystems’s market cap is $4.22B.
When is Allegro MicroSystems’s upcoming earnings report date?
Allegro MicroSystems’s upcoming earnings report date is Jan 30, 2025 which is in 12 days.
How were Allegro MicroSystems’s earnings last quarter?
Allegro MicroSystems released its earnings results on Oct 31, 2024. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.064 by $0.016.
Is Allegro MicroSystems overvalued?
According to Wall Street analysts Allegro MicroSystems’s price is currently Undervalued.
Does Allegro MicroSystems pay dividends?
Allegro MicroSystems does not currently pay dividends.
What is Allegro MicroSystems’s EPS estimate?
Allegro MicroSystems’s EPS estimate is 0.06.
How many shares outstanding does Allegro MicroSystems have?
Allegro MicroSystems has 183,983,860 shares outstanding.
What happened to Allegro MicroSystems’s price movement after its last earnings report?
Allegro MicroSystems reported an EPS of $0.08 in its last earnings report, beating expectations of $0.064. Following the earnings report the stock price went down -6.211%.
Which hedge fund is a major shareholder of Allegro MicroSystems?
Among the largest hedge funds holding Allegro MicroSystems’s share is Woodline Partners LP. It holds Allegro MicroSystems’s shares valued at 36M.
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Allegro MicroSystems Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$28.00 (18.09% Upside)
$28.00 (18.09% Upside)
Blogger Sentiment
Neutral
ALGM Sentiment 50%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 148.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $384.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 2.8%
Last 30 Days ▼ 2.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.70%
12-Months-Change
Fundamentals
Return on Equity
-2.47%
Trailing 12-Months
Asset Growth
16.12%
Trailing 12-Months
Company Description
Allegro MicroSystems
Allegro Microsystems Inc is a global designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the important emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor ICs enable customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE that include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE that include Regulators, ClearPower Modules, and LED Drivers; and DRIVE that includes BLDC Drivers, Brush DC and Stepper Drivers.
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ALGM Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with notable achievements in product innovation and strong performance in China, while facing significant year-over-year sales declines and ongoing inventory challenges in North America and Europe. The company is focusing on improving gross margins and managing its debt effectively.Read More>---
ALGM Stock 12 Month Forecast
Average Price Target
$28.00
▲(18.09% Upside)
Technical Analysis
Diodes
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Microchip
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Monolithic Power
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ON Semiconductor
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NXP Semiconductors
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Analog Devices
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Best Analysts Covering ALGM
1 Year
1 Year Success Rate
6/15 ratings generated profit
1 Year Average Return
+2.64%
reiterated a buy rating yesterday
Copying Thomas O'Malley's trades and holding each position for 1 Year would result in 40.00% of your transactions generating a profit, with an average return of +2.64% per trade.
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