Allegro Microsystems Inc [NASDAQ: ALGM] stock went on an upward path that rose over 2.23% on Thursday, amounting to a one-week price increase of more than 8.37%.
Over the last 12 months, ALGM stock rose by 54.03%. The one-year Allegro Microsystems Inc stock forecast points to a potential downside of -9989671.56. The average equity rating for ALGM stock is currently 1.46, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.23 billion, with 184.29 million shares outstanding and 122.83 million shares in the current float. Compared to the average trading volume of 2.93M shares, ALGM stock reached a trading volume of 4231727 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Allegro Microsystems Inc [ALGM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALGM shares is $29.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALGM stock is a recommendation set at 1.46. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Allegro Microsystems Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 16, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on November 22, 2024, representing the official price target for Allegro Microsystems Inc stock. Previously, the target price had yet another raise to $30, while Loop Capital analysts kept a Buy rating on ALGM stock.
The Price to Book ratio for the last quarter was 6.68, with the Price to Cash per share for the same quarter was set at 0.71. Price to Free Cash Flow for ALGM in the course of the last twelve months was 283.50 with Quick ratio for the last quarter at 2.66.
ALGM Stock Performance Analysis:
Allegro Microsystems Inc [ALGM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.37. With this latest performance, ALGM shares gained by 28.91% in over the last four-week period, additionally plugging by 55.95% over the last 6 months – not to mention a rise of 54.03% in the past year of trading.
Insight into Allegro Microsystems Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Allegro Microsystems Inc [ALGM] shares currently have an operating margin of -1.55% and a Gross Margin at 44.60%. Allegro Microsystems Inc’s Net Margin is presently recorded at -10.07%.
Return on Equity for this stock declined to -4.77%, with Return on Assets sitting at -4.77%.
ALGM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALGM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Allegro Microsystems Inc go to 79.77%.
Allegro Microsystems Inc [ALGM] Institutonal Ownership Details
There are presently around $86.04%, or 129.05% of ALGM stock, in the hands of institutional investors. The top three institutional holders of ALGM stocks are: FMR LLC with ownership of 19.72 million shares, which is approximately 10.1929%. JPMORGAN CHASE & CO, holding 9.14 million shares of the stock with an approximate value of $$258.09 million in ALGM stocks shares; and JPMORGAN CHASE & CO, currently with $$245.01 million in ALGM stock with ownership which is approximately 4.4845%.
