Allegro MicroSystems, Inc. (ALGM)
| Market Cap | 5.83B |
| Revenue (ttm) | 1.07B |
| Net Income (ttm) | 252.96M |
| Shares Out | 192.47M |
| EPS (ttm) | 1.30 |
| PE Ratio | 23.28 |
| Forward PE | 24.72 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 903,969 |
| Open | 30.73 |
| Previous Close | 30.84 |
| Day's Range | 30.23 - 30.84 |
| 52-Week Range | 24.66 - 53.05 |
| Beta | 1.80 |
| Analysts | Buy |
| Price Target | 50.00 (+65.18%) |
| Earnings Date | Jan 30, 2024 |
About ALGM
Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components. The company sells its products to original equipment manufacturers and suppliers prim... [Read more]
Financial Performance
In 2022, ALGM's revenue was $973.65 million, an increase of 26.67% compared to the previous year's $768.67 million. Earnings were $187.36 million, an increase of 56.91%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ALGM stock is "Buy." The 12-month stock price forecast is $50.0, which is an increase of 65.18% from the latest price.
News
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Allegro MicroSystems Reports Second Quarter 2024 Results
– Net Sales Increased by 16% Year-over-Year – – GAAP & Non-GAAP EPS Increased 31% and 29% Respectively, Year-over-Year – – Automotive Sales Increased by 31% Year-over-Year Led by E-Mobility –
Allegro MicroSystems Completes Acquisition of Crocus Technology to Accelerate Innovation in TMR Sensing Technology
-- Tunnel Magnetoresistance (“TMR”) Represents Fastest Growing Technology in Magnetic Sensing with an Estimated 30% CAGR Through 2030 -- MANCHESTER, N.H., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Allegro Mic...
Allegro MicroSystems Appoints Mary Puma to its Board of Directors
Mary Puma joined the Allegro board effective October 18, 2023 to fill the vacancy created by the retirement of Dr. Reza Kazerounian Mary Puma joined the Allegro board effective October 18, 2023 to fil...
Allegro MicroSystems to Announce Second Quarter Fiscal Year 2024 Financial Results
MANCHESTER, N.H., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal year 2024 prior to the...
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Crocus Technology Acquired by Allegro MicroSystems to Accelerate Innovation in TMR Sensing Technology
Tunnel Magnetoresistance ("TMR") Represents Fastest Growing Technology in Magnetic Sensing, Approaching $1B SAM by 2030 MILPITAS, Calif. , Aug. 8, 2023 /PRNewswire/ -- Crocus Technology ("Crocus"), a ...
Allegro MicroSystems to Acquire Crocus Technology to Accelerate Innovation in TMR Sensing Technology
-- Tunnel Magnetoresistance (“TMR”) Represents Fastest Growing Technology in Magnetic Sensing Approaching $1B SAM by 2030 -- MANCHESTER, N.H., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, I...
Allegro MicroSystems Reports First Quarter 2024 Results
--Net Sales increased by 28% Year-over-Year to a New Record-- --Net Sales in Strategic Growth Areas Increased by 63% Year-over-Year-- --GAAP Diluted Earnings Per Share (EPS) increased by 520% Year-ove...
Allegro MicroSystems to Announce First Quarter Fiscal Year 2024 Financial Results
MANCHESTER, N.H., July 11, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal year 2024 prior to the ...
Allegro MicroSystems Introduces New Isolated Gate Driver IC to Enable Leading Power Conversion Density
First Release in the Power-Thru Product Family Delivers 2× the Power Density with a Simpler and More Efficient System Design First Release in the Power-Thru Product Family Delivers 2× the Power Densit...
Allegro MicroSystems to Present at Nasdaq's London Investor Conference
MANCHESTER, N.H., May 30, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy eff...
Allegro MicroSystems to Present at TD Cowen's Technology, Media & Telecom Investor Conference
MANCHESTER, N.H., May 17, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy eff...
Allegro MicroSystems Reports Fourth Quarter and Fiscal Year 2023 Results
-- Fourth Quarter Sales increased by 35% and GAAP Earnings Per Share (EPS) increased by 138% Year-over-Year -- -- Annual Sales increased by 27% and GAAP EPS increased by 56% Year-over-Year --
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2023 Results
MANCHESTER, N.H., April 20, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2023 on Wedn...
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Allegro MicroSystems Announces Switching Regulator Modules with up to Five Times Less EMI
Reduces Time to Market, Lowers Development Cost Reduces Time to Market, Lowers Development Cost
Allegro MicroSystems Announces Industry's First ASIL C Safety Rated Field Current Sensor for Electric Vehicle Powertrain Systems
Samples Are Available Now to Support Designers in Achieving New Safety and Efficiency Standards Samples Are Available Now to Support Designers in Achieving New Safety and Efficiency Standards
Allegro MicroSystems to Host Inaugural Analyst Day on March 14, 2023
MANCHESTER, N.H., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor technology for motion control and energy ef...
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Allegro Microsystems (NASDAQ: ALGM) share prices are advancing at a brisk pace on the news the company's business is better than expected. The company, a semiconductor/integrated circuit manufacturer,...
Allegro MicroSystems Reports Fiscal Third Quarter 2023 Results
Achieves Record Quarter with Sales Increasing 33% and Earnings Expanding 96% Y-o-Y Led By Continued Strength in E-Mobility Achieves Record Quarter with Sales Increasing 33% and Earnings Expanding 96% ...
Polar Semiconductor Investment and Expansion
MANCHESTER, N.H., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing semiconductor technology for motion control and energy ef...
Allegro MicroSystems Announces Opening of New R&D Center in Greater Dallas
New Richardson, TX Office in Innovation Quarter Enables Development of New Semiconductor Integrated Chips (IC) for Electric Vehicles New Richardson, TX Office in Innovation Quarter Enables Development...
Allegro MicroSystems to Announce Third Quarter Fiscal 2023 Results
MANCHESTER, N.H., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for the third quarter fiscal 2023 prior to the marke...