Allegro Microsystems Stock Today
| ALGM Stock | USD 21.31 0.56 2.70% |
Performance0 of 100
| Odds Of DistressLess than 19
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Allegro Microsystems is selling at 21.31 as of the 25th of November 2024; that is 2.70 percent increase since the beginning of the trading day. The stock's lowest day price was 20.84. Allegro Microsystems has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Note, on November 7, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Allegro Microsystems's common stock.
Business Domain Semiconductors & Semiconductor Equipment | IPO Date 29th of October 2020 | Category Technology | Classification Information Technology |
Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor integrated circuits and application-specific analog power ICs for motion control and energy-efficient systems. Allegro MicroSystems, Inc. is a subsidiary of Sanken Electric Co., Ltd. The company has 183.98 M outstanding shares of which 12.31 M shares are presently shorted by private and institutional investors with about 6.35 trading days to cover. More on Allegro Microsystems
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Allegro Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO President | Vineet Nargolwala | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Semiconductors & Semiconductor Equipment, Information Technology, SP Midcap 400, Philadelphia Semiconductor Index, NASDAQ Composite, Information Technology, Semiconductors & Semiconductor Equipment, Semiconductors, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsAllegro Microsystems can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Allegro Microsystems' financial leverage. It provides some insight into what part of Allegro Microsystems' total assets is financed by creditors.
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Allegro Microsystems (ALGM) is traded on NASDAQ Exchange in USA. It is located in 955 Perimeter Road, Manchester, NH, United States, 03103 and employs 4,593 people. Allegro Microsystems is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.92 B. Allegro Microsystems conducts business under Semiconductors & Semiconductor Equipment sector and is part of Information Technology industry. The entity has 183.98 M outstanding shares of which 12.31 M shares are presently shorted by private and institutional investors with about 6.35 trading days to cover.
Allegro Microsystems currently holds about 293.59 M in cash with 181.72 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.53.
Check Allegro Microsystems Probability Of Bankruptcy
Ownership AllocationAllegro Microsystems holds a total of 183.98 Million outstanding shares. The majority of Allegro Microsystems outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Allegro Microsystems to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Allegro Microsystems. Please pay attention to any change in the institutional holdings of Allegro Microsystems as this could imply that something significant has changed or is about to change at the company. Also note that nearly twenty million nine hundred seventy-four thousand one hundred seventy-six invesors are currently shorting Allegro Microsystems expressing very little confidence in its future performance.
Check Allegro Ownership Details
Allegro Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Allspring Global Investments Holdings, Llc | 2024-06-30 | 2.2 M | |
| Manufacturers Life Insurance Co | 2024-09-30 | 2.2 M | |
| Ameriprise Financial Inc | 2024-06-30 | 2.1 M | |
| Westfield Capital Management Company, Lp | 2024-09-30 | 2 M | |
| Analog Century Management Lp | 2024-09-30 | 1.7 M | |
| T. Rowe Price Investment Management,inc. | 2024-09-30 | 1.6 M | |
| Artisan Partners Limited Partnership | 2024-09-30 | 1.5 M | |
| Adage Capital Partners Gp Llc | 2024-06-30 | 1.5 M | |
| Massachusetts Financial Services Company | 2024-09-30 | 1.5 M | |
| Fmr Inc | 2024-09-30 | 28.3 M | |
| Vanguard Group Inc | 2024-09-30 | 14.7 M |
Allegro Microsystems Historical Income Statement
Allegro Stock Against Markets
Allegro Microsystems Corporate Management
| Roald Webster | VP Officer | Profile | |
| Erin Hagen | Senior Officer | Profile | |
| Thomas Teebagy | VP Quality | Profile | |
| Derek DAntilio | CFO VP | Profile | |
| Jalene CPA | Vice Communications | Profile |
Already Invested in Allegro Microsystems?
The danger of trading Allegro Microsystems is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Allegro Microsystems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Allegro Microsystems. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Allegro Microsystems is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Allegro Microsystems is a strong investment it is important to analyze Allegro Microsystems' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allegro Microsystems' future performance. For an informed investment choice regarding Allegro Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegro Microsystems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro Microsystems guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegro Microsystems. If investors know Allegro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegro Microsystems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share (0.14) | Revenue Per Share 4.423 | Quarterly Revenue Growth (0.32) | Return On Assets 0.0304 |
The market value of Allegro Microsystems is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro Microsystems' value that differs from its market value or its book value, called intrinsic value, which is Allegro Microsystems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegro Microsystems' market value can be influenced by many factors that don't directly affect Allegro Microsystems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegro Microsystems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro Microsystems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro Microsystems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.