Allegro Microsystems Inc (NASDAQ:ALGM) has a beta value of 1.53 and has seen 3.35 million shares traded in the last trading session. The company, currently valued at $4.69B, closed the last trade at $25.47 per share which meant it gained $0.06 on the day or 0.24% during that session. The ALGM stock price is -30.59% off its 52-week high price of $33.26 and 27.01% above the 52-week low of $18.59.
The consensus among analysts is that Allegro Microsystems Inc (ALGM) is Buy stock at the moment, with a recommendation rating of 1.27. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
Allegro Microsystems Inc (NASDAQ:ALGM) trade information
Sporting 0.24% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALGM stock price touched $25.47 or saw a rise of 13.51%. Year-to-date, Allegro Microsystems Inc shares have moved 16.51%, while the 5-day performance has seen it change 1.72%. Over the past 30 days, the shares of Allegro Microsystems Inc (NASDAQ:ALGM) have changed 4.90%.
Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could jump 9.04% from current levels. The projected low price target is $26.0 while the price target rests at a high of $30.0. In that case, then, we find that the current price level is -17.79% off the targeted high while a plunge would see the stock gain -2.08% from current levels.
Allegro Microsystems Inc (ALGM) estimates and forecasts
The company’s shares have gained 19.75% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -31.63%.
8 analysts offering their estimates for the company have set an average revenue estimate of 185.35M for the current quarter. 7 have an estimated revenue figure of 194.31M for the next ending quarter. Year-ago sales stood 240.58M and 166.92M respectively for this quarter and the next, and analysts expect sales will shrink by -22.96% for the current quarter and -31.63% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.89% over the past 5 years. Earnings growth for 2025 is a modest -83.04% while over the next 5 years, the company’s earnings are expected to decrease by -10.58%.
ALGM Dividends
Allegro Microsystems Inc is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Allegro Microsystems Inc (NASDAQ:ALGM)’s Major holders
The top two institutional holders are FMR LLC with over 19.72 million shares worth more than $556.88 million. As of 2024-06-30, FMR LLC held 10.1929% of shares outstanding.
The other major institutional holder is JPMORGAN CHASE & CO, with the holding of over 9.14 million shares as of 2024-06-30. The firm’s total holdings are worth over $258.09 million and represent 4.7239% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Semiconductors Portfolio and Smallcap World Fund . As of Dec 31, 2024 , the former fund manager holds about 4.84% shares in the company for having 8.91 shares of worth $226.85 million while later fund manager owns 5.23 shares of worth $133.3 million as of Dec 31, 2024 , which makes it owner of about 2.84% of company’s outstanding stock.
