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