Allegro MicroSystems (ALGM): Buy, Sell, or Hold Post Q3 Earnings? [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
Shareholders of Allegro MicroSystems would probably like to forget the past six months even happened. The stock dropped 24.4% and now trades at $21.08. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation. Is there a buying opportunity in Allegro MicroSystems, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it's free Even though the stock has become cheaper, we're sitting this one out for now. Here are three reasons why we avoid ALGM and a stock we'd rather own. Why Is Allegro MicroSystems Not Exciting? The result of a spinoff from Sanken in Japan, Allegro MicroSystems (NASDAQ:ALGM) is a designer of power management chips and distance sensors used in electric vehicles and data centers. 1. Long-Term Revenue Growth Disappoints A company's long-term sales performance signals its overall quality. Even a bad business can shine for one or two quarters, bu
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ALGM
News
- Allegro MicroSystems to Showcase Its Dynamic Sensing and Power Solutions at CES 2025 [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems to Showcase Its Dynamic Sensing and Power Solutions at CES 2025GlobeNewswire
- Automotive Semiconductor Market to Grow by USD 31.29 Billion (2024-2028) with ADAS Adoption, Report on AI Redefining Market Landscape - Technavio [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $23.00 price target on the stock.MarketBeat
- Allegro MicroSystems Wins Embedded Computing Design's Electronica 2024: Best-In-Show Award [Yahoo! Finance]Yahoo! Finance
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 12/23/24 - Form 8-K
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- ALGM's page on the SEC website