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Allegro MicroSystems (ALGM) Competitors

Allegro MicroSystems logo
$21.10
+0.26 (+1.25%)
(As of 11/1/2024 ET)

ALGM vs. CCMP, POWI, SMTC, DIOD, VIAV, UI, FLEX, ALAB, OLED, and QRVO

Should you be buying Allegro MicroSystems stock or one of its competitors? The main competitors of Allegro MicroSystems include CMC Materials (CCMP), Power Integrations (POWI), Semtech (SMTC), Diodes (DIOD), Viavi Solutions (VIAV), Ubiquiti (UI), Flex (FLEX), Astera Labs (ALAB), Universal Display (OLED), and Qorvo (QRVO). These companies are all part of the "computer and technology" sector.

Allegro MicroSystems vs.

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

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
CMC Materials$1.20B4.14-$68.58M$3.8245.47
Allegro MicroSystems$1.05B3.90$152.70M$0.3855.53

Allegro MicroSystems has a consensus target price of $32.13, suggesting a potential upside of 52.25%. Given Allegro MicroSystems' higher probable upside, analysts clearly believe Allegro MicroSystems is more favorable than CMC Materials.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CMC Materials
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A
Allegro MicroSystems
0 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
3.00

CMC Materials has a net margin of 8.85% compared to Allegro MicroSystems' net margin of 7.91%. CMC Materials' return on equity of 23.55% beat Allegro MicroSystems' return on equity.

Company Net Margins Return on Equity Return on Assets
CMC Materials8.85% 23.55% 9.97%
Allegro MicroSystems 7.91%13.88%10.65%

CMC Materials received 435 more outperform votes than Allegro MicroSystems when rated by MarketBeat users. Likewise, 66.85% of users gave CMC Materials an outperform vote while only 64.77% of users gave Allegro MicroSystems an outperform vote.

CompanyUnderperformOutperform
CMC MaterialsOutperform Votes
492
66.85%
Underperform Votes
244
33.15%
Allegro MicroSystemsOutperform Votes
57
64.77%
Underperform Votes
31
35.23%

CMC Materials has a beta of 1.09, suggesting that its share price is 9% more volatile than the S&P 500. Comparatively, Allegro MicroSystems has a beta of 1.67, suggesting that its share price is 67% more volatile than the S&P 500.

93.7% of CMC Materials shares are owned by institutional investors. Comparatively, 56.5% of Allegro MicroSystems shares are owned by institutional investors. 2.4% of CMC Materials 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 company is poised for long-term growth.

In the previous week, Allegro MicroSystems had 25 more articles in the media than CMC Materials. MarketBeat recorded 25 mentions for Allegro MicroSystems and 0 mentions for CMC Materials. Allegro MicroSystems' average media sentiment score of 0.30 beat CMC Materials' score of 0.00 indicating that Allegro MicroSystems is being referred to more favorably in the news media.

Company Overall Sentiment
CMC Materials Neutral
Allegro MicroSystems Neutral

Summary

CMC Materials beats Allegro MicroSystems on 9 of the 17 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$4.09B$57.72B$24.01B$8.53B
Dividend YieldN/A2.25%2.75%4.14%
P/E Ratio55.5336.31252.9815.12
Price / Sales3.9020.473,721.9993.03
Price / Cash14.6425.1432.1034.05
Price / Book3.606.786.995.02
Net Income$152.70M$999.50M$670.43M$225.46M
7 Day Performance-8.42%-1.39%-0.33%0.37%
1 Month Performance-2.76%-2.73%0.64%3.57%
1 Year Performance-18.25%13.32%20.32%29.42%

Allegro MicroSystems Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ALGM
Allegro MicroSystems
3.3058 of 5 stars
$21.10
+1.2%
$32.13
+52.3%
-18.1%$4.09B$1.05B55.534,593Analyst Forecast
Short Interest ↓
News Coverage
Gap Down
CCMP
CMC Materials
N/A$173.69
flat
N/A+0.0%$4.97B$1.20B45.472,200Analyst Forecast
POWI
Power Integrations
4.8925 of 5 stars
$63.85
+1.4%
$78.50
+22.9%
-9.7%$3.62B$412.90M85.13830Upcoming Earnings
Analyst Upgrade
News Coverage
SMTC
Semtech
3.4475 of 5 stars
$45.96
+1.1%
$52.60
+14.4%
+231.6%$3.46B$868.76M-3.391,917Positive News
DIOD
Diodes
3.2327 of 5 stars
$64.81
+0.2%
$73.20
+12.9%
-7.6%$2.99B$1.35B31.318,635Upcoming Earnings
VIAV
Viavi Solutions
4.5448 of 5 stars
$9.27
+1.4%
$10.71
+15.5%
+29.1%$2.06B$1.00B-77.243,600Earnings Report
Analyst Forecast
News Coverage
UI
Ubiquiti
1.6437 of 5 stars
$260.00
+1.6%
$172.00
-33.8%
+126.6%$15.72B$1.93B44.911,515
FLEX
Flex
3.9208 of 5 stars
$35.63
+1.2%
$39.17
+9.9%
+37.6%$14.15B$26.42B15.98148,000Analyst Upgrade
ALAB
Astera Labs
2.3555 of 5 stars
$72.31
-0.5%
$73.09
+1.1%
N/A$11.26B$229.55M0.00225Upcoming Earnings
Options Volume
Gap Up
OLED
Universal Display
3.8283 of 5 stars
$204.08
+1.0%
$225.88
+10.7%
+31.5%$9.68B$623.16M43.79456Earnings Report
Dividend Announcement
Analyst Forecast
Analyst Revision
News Coverage
QRVO
Qorvo
4.8839 of 5 stars
$100.21
+1.2%
$119.86
+19.6%
-18.2%$9.52B$4.01B-345.558,700Earnings Report
Analyst Forecast
News Coverage

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This page (NASDAQ:ALGM) was last updated on 11/2/2024 by MarketBeat.com Staff
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