In the last trading session, 0.88 million shares of the Allegro Microsystems Inc (NASDAQ:ALGM) were traded, and its beta was 1.62. Most recently the company’s share price was $24.49, and it changed around -$1.13 or -4.41% from the last close, which brings the market valuation of the company to $4.51B. ALGM currently trades at a discount to its 52-week high of $33.26, offering almost -35.81% off that amount. The share price’s 52-week low was $18.59, which indicates that the current value has risen by an impressive 24.09% since then.
Allegro Microsystems Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended ALGM as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
Allegro Microsystems Inc (NASDAQ:ALGM) trade information
Instantly ALGM has showed a red trend with a performance of -4.41% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.31 on recent trading dayincreased the stock’s daily price by 10.33%. The company’s shares are currently up 12.03% year-to-date, but still up 4.26% over the last five days. On the other hand, Allegro Microsystems Inc (NASDAQ:ALGM) is 1.66% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $28, which translates to bulls needing to increase their stock price by 12.54% from its current value. Analyst projections state that ALGM is forecast to be at a low of $26 and a high of $30.
Allegro Microsystems Inc (ALGM) estimates and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.89%. Allegro Microsystems Inc earnings are expected to increase by -83.03% in 2025, but the outlook is negative -10.58% per year for the next five years.
Allegro Microsystems Inc (NASDAQ:ALGM)’s Major holders
JPMORGAN CHASE & CO, with 4.7239% or 9.14 million shares worth $258.09 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Select Portfolios – Semiconductors Portfolio and Smallcap World Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 8.91 shares worth $218.48 million, making up 4.84% of all outstanding shares. On the other hand, Smallcap World Fund held roughly 4.9 shares worth around $120.21 million, which represents about 2.66% of the total shares outstanding.
