In last trading session, Allegro MicroSystems Inc. (NASDAQ:ALGM) saw 0.57 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $30.76 trading at -$0.05 or -0.16% at ring of the bell on the day assigns it a market valuation of $5.98B. That closing price of ALGM’s stock is at a discount of -24.45% from its 52-week high price of $38.28 and is indicating a premium of 28.32% from its 52-week low price of $22.05. Taking a look at company’s average trading volume of 825.82K if we extend that period to 3-months.
For Allegro MicroSystems Inc. (ALGM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.18 in the current quarter.
Allegro MicroSystems Inc. (NASDAQ:ALGM) trade information
Upright in the red during last session for losing -0.16%, in the last five days ALGM remained trading in the red while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $30.76 price level, adding 7.01% to its value on the day. Allegro MicroSystems Inc.’s shares saw a change of -14.98% in year-to-date performance and have moved -4.38% in past 5-day. Allegro MicroSystems Inc. (NASDAQ:ALGM) showed a performance of -11.35% in past 30-days.
Wall Street analysts have assigned a consensus price target of $40.00 to the stock, which implies a rise of 23.1% to its current value. Analysts have been projecting $38.00 as a low price target for the stock while placing it at a high target of $43.00. It follows that stock’s current price would drop -39.79% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.54% for stock’s current value.
Allegro MicroSystems Inc. (ALGM) estimates and forecasts
Statistics highlight that Allegro MicroSystems Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.72% of value to its shares in past 6 months, showing an annual growth rate of 67.39% while that of industry is 27.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 38.50% in the current quarter and calculating 26.70% increase in the next quarter. This year revenue growth is estimated to rise 27.90% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $182.73 million for the same. And 7 analysts are in estimates of company making revenue of $191.96 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -30.70% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -51.50% while estimates for its earnings growth in next 5 years are of 12.99%.
Allegro MicroSystems Inc. is more likely to be releasing its next quarterly report between January 31 and February 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Allegro MicroSystems Inc. (NASDAQ:ALGM)’s Major holders
Insiders are in possession of 55.01% of company’s total shares while institution are holding 46.53 percent of that, with stock having share float percentage of 103.44%. Investors also watch the number of corporate investors in a company very closely, which is 46.53% institutions for Allegro MicroSystems Inc. that are currently holding shares of the company. OEP Capital Advisors, LP is the top institutional holder at ALGM for having 31.25 million shares of worth $998.89 million. And as of Sep 29, 2021, it was holding 16.48% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.46 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 2.88% of outstanding shares, having a total worth of $174.55 million.
On the other hand, Legg Mason Clearbridge Small Cap Growth Fd and Fidelity Select Portfolios – Semiconductors Portfolio are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 2.98 million shares of worth $99.33 million or 1.57% of the total outstanding shares. The later fund manager was in possession of 2.47 million shares on Nov 29, 2021, making its stake of worth around $77.19 million in the company or a holder of 1.30% of company’s stock.