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Allegro MicroSystems (ALGM) Competitors

Allegro MicroSystems logo
$24.84 +1.13 (+4.77%)
As of 01/17/2025 04:00 PM Eastern

ALGM vs. UMC, FLEX, CLS, CRDO, DRS, OLED, QRVO, NXT, LITE, and TSEM

Should you be buying Allegro MicroSystems stock or one of its competitors? The main competitors of Allegro MicroSystems include United Microelectronics (UMC), Flex (FLEX), Celestica (CLS), Credo Technology Group (CRDO), Leonardo DRS (DRS), Universal Display (OLED), Qorvo (QRVO), Nextracker (NXT), Lumentum (LITE), and Tower Semiconductor (TSEM). These companies are all part of the "electronic equipment" industry.

Allegro MicroSystems vs.

United Microelectronics (NYSE:UMC) and Allegro MicroSystems (NASDAQ:ALGM) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, valuation, earnings, analyst recommendations, risk, institutional ownership, community ranking, media sentiment and dividends.

In the previous week, Allegro MicroSystems had 5 more articles in the media than United Microelectronics. MarketBeat recorded 9 mentions for Allegro MicroSystems and 4 mentions for United Microelectronics. Allegro MicroSystems' average media sentiment score of 0.67 beat United Microelectronics' score of 0.63 indicating that Allegro MicroSystems is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
United Microelectronics
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Allegro MicroSystems
3 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

5.1% of United Microelectronics shares are owned by institutional investors. Comparatively, 56.5% of Allegro MicroSystems shares are owned by institutional investors. 8.0% of United Microelectronics shares are owned by company insiders. Comparatively, 0.5% of Allegro MicroSystems shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

United Microelectronics has higher revenue and earnings than Allegro MicroSystems. Allegro MicroSystems is trading at a lower price-to-earnings ratio than United Microelectronics, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
United Microelectronics$7.25B2.17$1.95B$0.659.65
Allegro MicroSystems$1.05B4.36$152.70M-$0.14-177.42

United Microelectronics has a beta of 1.17, suggesting that its share price is 17% more volatile than the S&P 500. Comparatively, Allegro MicroSystems has a beta of 1.65, suggesting that its share price is 65% more volatile than the S&P 500.

United Microelectronics received 316 more outperform votes than Allegro MicroSystems when rated by MarketBeat users. However, 65.59% of users gave Allegro MicroSystems an outperform vote while only 61.50% of users gave United Microelectronics an outperform vote.

CompanyUnderperformOutperform
United MicroelectronicsOutperform Votes
377
61.50%
Underperform Votes
236
38.50%
Allegro MicroSystemsOutperform Votes
61
65.59%
Underperform Votes
32
34.41%

United Microelectronics currently has a consensus target price of $7.40, indicating a potential upside of 17.98%. Allegro MicroSystems has a consensus target price of $30.91, indicating a potential upside of 24.43%. Given Allegro MicroSystems' stronger consensus rating and higher possible upside, analysts plainly believe Allegro MicroSystems is more favorable than United Microelectronics.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
United Microelectronics
0 Sell rating(s)
4 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.20
Allegro MicroSystems
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.91

United Microelectronics has a net margin of 22.89% compared to Allegro MicroSystems' net margin of -2.96%. United Microelectronics' return on equity of 14.35% beat Allegro MicroSystems' return on equity.

Company Net Margins Return on Equity Return on Assets
United Microelectronics22.89% 14.35% 9.13%
Allegro MicroSystems -2.96%8.48%6.09%

Summary

United Microelectronics and Allegro MicroSystems tied by winning 9 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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ALGM vs. The Competition

MetricAllegro MicroSystemsSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$4.57B$64.68B$27.09B$9.15B
Dividend YieldN/A2.14%2.78%4.03%
P/E Ratio-177.4238.75235.6417.36
Price / Sales4.3628.303,753.0778.03
Price / Cash15.1325.2934.3235.97
Price / Book4.248.008.394.79
Net Income$152.70M$914.16M$669.90M$225.00M
7 Day Performance7.81%5.38%3.67%2.62%
1 Month Performance15.05%8.27%4.89%3.81%
1 Year Performance-11.51%51.02%24.35%20.10%

Allegro MicroSystems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALGM
Allegro MicroSystems
2.7347 of 5 stars
$24.84
+4.8%
$30.91
+24.4%
-11.5%$4.57B$1.05B-177.424,040Analyst Forecast
Short Interest ↓
Gap Up
UMC
United Microelectronics
3.1144 of 5 stars
$6.19
+0.7%
$7.40
+19.5%
-21.2%$15.51B$226.87B9.5219,500
FLEX
Flex
2.7632 of 5 stars
$39.37
-2.1%
$42.67
+8.4%
+85.9%$15.27B$25.45B17.42148,000
CLS
Celestica
4.174 of 5 stars
$99.52
-4.0%
$81.45
-18.2%
+266.3%$11.58B$9.24B31.5923,900
CRDO
Credo Technology Group
2.8657 of 5 stars
$69.16
-6.3%
$75.40
+9.0%
+285.1%$11.57B$245.59M-461.07380Analyst Forecast
Short Interest ↑
Gap Up
DRS
Leonardo DRS
1.6843 of 5 stars
$33.48
+1.3%
$32.17
-3.9%
+86.6%$8.85B$3.18B45.246,600Short Interest ↑
OLED
Universal Display
3.9111 of 5 stars
$144.30
-2.5%
$207.86
+44.0%
-16.2%$6.85B$643.71M28.98440
QRVO
Qorvo
4.3652 of 5 stars
$71.85
+0.2%
$99.06
+37.9%
-20.2%$6.79B$3.95B-49.218,900Analyst Forecast
Gap Up
NXT
Nextracker
2.7708 of 5 stars
$40.19
-2.2%
$53.10
+32.1%
+1.5%$5.85B$2.80B10.021,050Insider Trade
LITE
Lumentum
3.415 of 5 stars
$82.99
-1.6%
$78.46
-5.5%
+75.5%$5.70B$1.38B-10.027,257Analyst Upgrade
News Coverage
Gap Up
TSEM
Tower Semiconductor
3.5086 of 5 stars
$50.01
-1.8%
$58.33
+16.6%
+76.0%$5.54B$1.40B27.035,215Positive News

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This page (NASDAQ:ALGM) was last updated on 1/20/2025 by MarketBeat.com Staff
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