Allegro Microsystems Inc (NASDAQ:ALGM)’s traded shares stood at 2.0 million during the last session, with the company’s beta value hitting 1.51. At the close of trading, the stock’s price was $26.84, to imply a decrease of -2.08% or -$0.57 in intraday trading. The ALGM share’s 52-week high remains $33.26, putting it -23.92% down since that peak but still an impressive 30.74% since price per share fell to its 52-week low of $18.59. The company has a valuation of $4.94B, with an average of 3.54 million shares in intraday trading volume over the past 10 days and average of 3.12 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Allegro Microsystems Inc (ALGM), translating to a mean rating of 1.27. Of 4 analyst(s) looking at the stock, 0 analyst(s) give ALGM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
Allegro Microsystems Inc (NASDAQ:ALGM) trade information
After registering a -2.08% downside in the last session, Allegro Microsystems Inc (ALGM) has traded red over the past five days. The 5-day price performance for the stock is 2.29%, and -3.10% over 30 days. With these gigs, the year-to-date price performance is 22.78%. Short interest in Allegro Microsystems Inc (NASDAQ:ALGM) saw shorts transact 15.2 million shares and set a 5.05 days time to cover.
The extremes give us $26 and $30 for target low and target high price respectively. As such, ALGM has been trading -11.77% off suggested target high and 3.13% from its likely low.
Allegro Microsystems Inc (ALGM) estimates and forecasts
The rating firms project that company’s revenue will shrink -31.63% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 185.35M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 194.31M.Earnings reports from the last fiscal year show that sales brought in 240.58M and 166.92M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -22.96% before jumping 16.41% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.89% for the past 5-year period. While 2025 is set for a -83.04% return in earnings, projections for the next 5 years are at -10.58% annually.
ALGM Dividends
Allegro Microsystems Inc has its next earnings report out on 2025-Jan-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Allegro Microsystems Inc (NASDAQ:ALGM)’s Major holders
Allegro Microsystems Inc insiders hold 33.30% of total outstanding shares, with institutional holders owning 78.07% of the shares at 117.04% float percentage. In total, 78.07% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 19.72 million shares (or 10.1929% of shares), all amounting to roughly $556.88 million.
The next major institution holding the largest number of shares is JPMORGAN CHASE & CO with 9.14 million shares, or about 4.7239% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $258.09 million.
We also have Semiconductors Portfolio and SMALLCAP WORLD FUND INC as the top two Mutual Funds with the largest holdings of the Allegro Microsystems Inc (ALGM) shares. Going by data provided on Jan 31, 2025 , Semiconductors Portfolio holds roughly 8.91 shares. This is just over 4.84% of the total shares, with a market valuation of $239.05 million. Data from the same date shows that the other fund manager holds a little less at 5.23, or 2.84% of the shares, all valued at about 140.47 million.
