Allegro MicroSystems (ALGM) Stock Price, News & Analysis

Company Overview

Allegro MicroSystems, Inc. (NASDAQ: ALGM) is a global semiconductor company specializing in the design, development and manufacture of high-performance power and sensing solutions. Headquartered in Worcester, Massachusetts, Allegro provides advanced integrated circuits and sensors that enable precise measurement and control of magnetic fields, electrical current, voltage and temperature. The company’s products are based on proprietary Hall-effect and magnetic sensor technologies, which are tailored to meet stringent requirements for reliability, accuracy and robustness in demanding environments.

Allegro’s product portfolio serves a diverse array of end markets, with a strong focus on automotive, industrial, consumer and computing applications. In automotive, its sensor and motor driver ICs are employed in powertrain management, advanced driver assistance systems (ADAS), electric power steering and battery management systems. Industrial applications include factory automation, robotics, building automation and renewable energy, where precise current sensing and motor control are critical for efficiency and safety. Allegro’s consumer and computing solutions address challenges in power conversion, thermal management and intelligent motion control for home appliances, power tools, gaming peripherals and data center equipment. The company maintains design and manufacturing facilities in North America, Europe and Asia to support global customers and ensure supply chain resilience.

Since its founding in the early 1990s, Allegro has built a reputation for innovation in magnetic sensing and power semiconductor technologies. The company invests significantly in research and development to advance its product roadmap, focusing on miniaturization, higher integration and enhanced reliability for next-generation systems. Allegro is led by President and Chief Executive Officer Benjamin P. Jordan and a seasoned executive team with deep expertise in semiconductor engineering, product development and global operations. Through strategic partnerships and a customer-centric approach, Allegro continues to expand its market presence and deliver tailored solutions that address evolving needs in electrification, automation and digitalization.

Key Stats

• Today's Range: $35.76 to $36.95
• 50-Day Range: $24.83 to $37.51
• 52-Week Range: $16.38 to $38.45
• Volume: 1.69 million shs
• Average Volume: 2.70 million shs
• Market Capitalization: $6.77 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $33.63
• Consensus Rating: Buy

Allegro MicroSystems Stock Analysis - MarketRank™

Allegro MicroSystems scored higher than 36% of companies evaluated by MarketBeat, and ranked 480th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Allegro MicroSystems has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Allegro MicroSystems has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2,500.00%

Earnings Growth

Earnings for Allegro MicroSystems are expected to grow by 2,500.00% in the coming year, from $0.01 to $0.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegro MicroSystems is -93.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegro MicroSystems is -93.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Allegro MicroSystems has a P/B Ratio of 7.24. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.57% of the float of Allegro MicroSystems has been sold short.

Short Interest Ratio / Days to Cover

Allegro MicroSystems has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Allegro MicroSystems has recently increased by 6.57%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Allegro MicroSystems does not currently pay a dividend.

Dividend Growth

Allegro MicroSystems does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

10.57% of the float of Allegro MicroSystems has been sold short.

Short Interest Ratio / Days to Cover

Allegro MicroSystems has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Allegro MicroSystems has recently increased by 6.57%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.90

News Sentiment

Allegro MicroSystems has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Allegro MicroSystems this week, compared to 8 articles on an average week.

Search Interest

6 people have searched for ALGM on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

MarketBeat Follows

10 people have added Allegro MicroSystems to their MarketBeat watchlist in the last 30 days. This is an increase of 900% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Allegro MicroSystems insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Allegro MicroSystems is held by insiders.

Percentage Held by Institutions

56.45% of the stock of Allegro MicroSystems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALGM Stock Analysis - Frequently Asked Questions

How have ALGM shares performed this year?

Allegro MicroSystems' stock was trading at $21.86 on January 1st, 2025. Since then, ALGM shares have increased by 67.5% and is now trading at $36.62.

How were Allegro MicroSystems' earnings last quarter?

Allegro MicroSystems, Inc. (NASDAQ:ALGM) announced its earnings results on Thursday, May, 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm's quarterly revenue was down 19.9% compared to the same quarter last year.
Read the conference call transcript.

When did Allegro MicroSystems IPO?

Allegro MicroSystems (ALGM) raised $325 million in an IPO on Thursday, October 29th 2020. The company issued 25,000,000 shares at $12.00-$14.00 per share. Barclays, Credit Suisse and Wells Fargo Securities served as the underwriters for the IPO and Jefferies, Mizuho Securities, Needham & Co. and SMBC Nikko were co-managers.

Who are Allegro MicroSystems' major shareholders?

Top institutional shareholders of Allegro MicroSystems include Public Employees Retirement System of Ohio (0.02%), State of Alaska Department of Revenue (0.01%), Banque Pictet & Cie SA (0.01%) and GAMMA Investing LLC. Insiders that own company stock include Electric Co Ltd Sanken, Skna LP Oep, Vineet A Nargolwala, Michael Doogue, Max R Glover, Derek D'antilio, Joanne Valente, Richard R Lury, Joseph R Martin and Susan D Lynch.
View institutional ownership trends.

How do I buy shares of Allegro MicroSystems?

Shares of ALGM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Allegro MicroSystems own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allegro MicroSystems investors own include Chevron (CVX), Bristol Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Meta Platforms (META), NVIDIA (NVDA) and Charles Schwab (SCHW).

Company Calendar

• Last Earnings: 5/08/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 7/31/2025
• Fiscal Year End: 3/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC COMP - SEMIC
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ALGM
• CIK: 866291
• Web: www.allegromicro.com
• Phone: 603-626-2300
• Fax: 603-641-5336
• Employees: 2,300
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Allegro MicroSystems: $33.63
• High Price Target: $45.00
• Low Price Target: $23.00
• Potential Upside/Downside: -8.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.39)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 3,662.00
• P/E Growth: N/A
• Net Income: -$73.01 million
• Net Margins: -10.07%
• Pretax Margin: -11.82%
• Return on Equity: 1.04%
• Return on Assets: 0.70%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 4.30
• Quick Ratio: 2.66

Sales & Book Value

• Annual Sales: $725.01 million
• Price / Sales: 9.34
• Cash Flow: $0.44 per share
• Price / Cash Flow: 82.59
• Book Value: $5.06 per share
• Price / Book: 7.24

Miscellaneous

• Outstanding Shares: 184,930,000
• Free Float: 184,185,000
• Market Cap: $6.77 billion
• Optionable: Optionable
• Beta: 1.75