Allegro MicroSystems, Inc. (ALGM)
Summary
Strength Seen in Allegro MicroSystems (ALGM): Can Its 8.7% Jump Turn into More Strength?
Allegro MicroSystems (ALGM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Allegro MicroSystems: Three Tailwinds, One Stock
Allegro MicroSystems' overexposure to a stagnant automotive segment has limited growth and operating leverage, resulting in a disappointing stock performance over the last 5 years. The expansion of autonomy, AI data centers, and humanoids will serve as a growth accelerant for ALGM, as more of its chips will be needed per product. I am bullish on ALGM and set a price target of $118/share based on management hitting its 3-5 year guidance of mid-teens growth, which will drive operating leverage to 32% margins.
Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
Investors often feel forced to pick between companies that are dependable, with steady returns but fewer opportunities for growth, and those that have strong growth potential but run the risk of volatility. Though rare, there are some firms that exist at the intersection of both stability and potential for returns.
Allegro MicroSystems, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 582 | $16,727.03 | $18,752.04 | $2,025.01 | 12.11% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 700 | $48,734 | $22,505 | -$26,229 | -53.82% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 407 | $16,679.8 | $13,113.54 | -$3,566.26 | -21.38% |
| RW Riley Wancket HANTZ FINANCIAL SERVICES Inc. | 4,718 | $134,438.97 | $149,183.16 | $14,744.19 | 10.97% |
| BG Bart Gancher Intech Investment Management LLC | 22,670 | $1.58M | $733,601.2 | -$844,684.2 | -53.52% |
Allegro MicroSystems, Inc. Analysts
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TO Tom O'Malley Barclays | 1,485.71 | $54,247.16 | $48,218.69 | -$6,028.47 | -11.11% |
| SP Srini Pajjuir RBC Capital | 2,429.63 | $96,067.73 | $77,444.59 | -$18,623.14 | -19.39% |
Allegro MicroSystems, Inc. (ALGM) FAQ
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Allegro MicroSystems, Inc. Profile
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Michael C. Doogue CEO | NASDAQ (NGS) Exchange | 01749D105 CUSIP |
| US Country | 4,250 Employees | - Last Dividend | - Last Split | 29 Oct 2020 IPO Date |
Overview
Allegro MicroSystems, Inc., operational with its subsidiaries, is deeply entrenched in the design, development, manufacture, and marketing of sensor integrated circuits (ICs) and application-specific analog power ICs aimed at motion control and energy-efficient systems. Established in 1990 and headquartered in Manchester, New Hampshire, it stands as a subsidiary of Sanken Electric Co., Ltd. Allegro MicroSystems extends its market reach by targeting original equipment manufacturers and suppliers primarily within the automotive and industrial sectors. The company ensures its global presence through its operations in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. Distribution is facilitated through a direct sales force, third-party distributors, independent sales representatives, and consignment, ensuring that Allegro's innovative solutions are widely accessible.
Products and Services
- Magnetic Sensor ICs:
These include a variety of position, speed, and current sensor ICs designed to accurately measure and report the parameters vital for efficient system control. These sensors are integral components in automotive, industrial, and consumer applications, providing precise real-time data.
- Power ICs:
Allegro’s power IC range encompasses motor driver ICs, regulator and LED driver ICs, and isolated gate drivers. These ICs are crafted to enhance power management and efficiency across a broad spectrum of applications, ensuring devices operate with optimal energy utilization.
- Photonic and Advanced 3D Sensing Components:
The range includes cutting-edge solutions for photonic and 3D sensing needs. These components harness light to measure distance, recognize gestures, and enhance the interaction between the physical and the digital in systems like advanced driver assistance systems (ADAS) and other applications requiring precise environmental recognition.
Contact Information
