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Allegro MicroSystems (ALGM) Competitors

Allegro MicroSystems logo
$20.14 +0.65 (+3.34%)
(As of 11/20/2024 ET)

ALGM vs. SMTC, POWI, DIOD, CCMP, VIAV, DRS, OLED, CRDO, QRVO, and LITE

Should you be buying Allegro MicroSystems stock or one of its competitors? The main competitors of Allegro MicroSystems include Semtech (SMTC), Power Integrations (POWI), Diodes (DIOD), CMC Materials (CCMP), Viavi Solutions (VIAV), Leonardo DRS (DRS), Universal Display (OLED), Credo Technology Group (CRDO), Qorvo (QRVO), and Lumentum (LITE).

Allegro MicroSystems vs.

Semtech (NASDAQ:SMTC) and Allegro MicroSystems (NASDAQ:ALGM) are both mid-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, media sentiment, valuation, risk, profitability, analyst recommendations, community ranking, earnings and institutional ownership.

56.5% of Allegro MicroSystems shares are owned by institutional investors. 0.6% of Semtech shares are owned by insiders. Comparatively, 0.5% of Allegro MicroSystems shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

In the previous week, Allegro MicroSystems had 5 more articles in the media than Semtech. MarketBeat recorded 13 mentions for Allegro MicroSystems and 8 mentions for Semtech. Semtech's average media sentiment score of 0.93 beat Allegro MicroSystems' score of 0.64 indicating that Semtech is being referred to more favorably in the media.

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Semtech$815.31M4.54-$1.09B-$13.55-3.63
Allegro MicroSystems$849.88M4.36$152.70M-$0.14-143.86

Semtech currently has a consensus price target of $52.60, suggesting a potential upside of 6.98%. Allegro MicroSystems has a consensus price target of $30.80, suggesting a potential upside of 52.93%. Given Allegro MicroSystems' stronger consensus rating and higher probable upside, analysts plainly believe Allegro MicroSystems is more favorable than Semtech.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Semtech
0 Sell rating(s)
2 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.83
Allegro MicroSystems
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.90

Semtech has a beta of 1.54, indicating that its share price is 54% more volatile than the S&P 500. Comparatively, Allegro MicroSystems has a beta of 1.69, indicating that its share price is 69% more volatile than the S&P 500.

Semtech received 650 more outperform votes than Allegro MicroSystems when rated by MarketBeat users. Likewise, 72.02% of users gave Semtech an outperform vote while only 64.44% of users gave Allegro MicroSystems an outperform vote.

CompanyUnderperformOutperform
SemtechOutperform Votes
708
72.02%
Underperform Votes
275
27.98%
Allegro MicroSystemsOutperform Votes
58
64.44%
Underperform Votes
32
35.56%

Allegro MicroSystems has a net margin of -2.96% compared to Semtech's net margin of -107.21%. Allegro MicroSystems' return on equity of 8.48% beat Semtech's return on equity.

Company Net Margins Return on Equity Return on Assets
Semtech-107.21% -154.99% -2.40%
Allegro MicroSystems -2.96%8.48%6.09%

Summary

Allegro MicroSystems beats Semtech on 11 of the 18 factors compared between the two stocks.

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$3.71B$60.48B$24.07B$8.82B
Dividend YieldN/A2.45%2.79%4.07%
P/E Ratio-143.8536.86258.2017.81
Price / Sales4.3636.303,505.1674.38
Price / Cash12.5723.8032.8932.53
Price / Book3.446.847.414.68
Net Income$152.70M$981.45M$667.83M$226.08M
7 Day Performance0.55%-1.98%-0.42%-2.04%
1 Month Performance-2.75%-3.61%0.53%0.06%
1 Year Performance-29.92%7.41%17.56%24.60%

Allegro MicroSystems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALGM
Allegro MicroSystems
2.9256 of 5 stars
$20.14
+3.3%
$30.80
+52.9%
-29.9%$3.59B$1.05B-143.854,593Insider Trade
SMTC
Semtech
2.8023 of 5 stars
$49.17
+4.1%
$52.60
+7.0%
+209.1%$3.55B$868.76M-3.631,917News Coverage
POWI
Power Integrations
4.7653 of 5 stars
$61.14
+1.1%
$78.00
+27.6%
-22.2%$3.44B$444.54M92.63830Dividend Increase
DIOD
Diodes
3.5412 of 5 stars
$55.59
+1.6%
$72.80
+31.0%
-21.6%$2.53B$1.66B42.118,635
CCMP
CMC Materials
N/A$173.69
flat
N/A+0.0%$4.97B$1.20B45.472,200Analyst Forecast
VIAV
Viavi Solutions
3.4193 of 5 stars
$9.82
+0.7%
$10.44
+6.3%
+21.7%$2.16B$1.00B-57.763,600Analyst Forecast
DRS
Leonardo DRS
1.6712 of 5 stars
$34.96
-0.4%
$32.17
-8.0%
+81.6%$9.28B$2.83B47.246,600
OLED
Universal Display
3.9609 of 5 stars
$165.90
+0.9%
$215.63
+30.0%
+0.0%$7.80B$576.43M33.31456
CRDO
Credo Technology Group
3.0481 of 5 stars
$42.97
-2.2%
$36.56
-14.9%
+136.2%$7.30B$192.97M0.00500Positive News
QRVO
Qorvo
4.8823 of 5 stars
$65.66
-0.9%
$102.88
+56.7%
-31.0%$6.27B$3.77B0.008,700Positive News
LITE
Lumentum
3.0061 of 5 stars
$82.47
0.0%
$74.85
-9.2%
+86.1%$5.67B$1.36B-9.967,257Insider Trade

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This page (NASDAQ:ALGM) was last updated on 11/21/2024 by MarketBeat.com Staff
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