Allegro MicroSystems Down 30% YTD: How Should You Play the Stock? [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
Allegro MicroSystems ALGM shares have declined 30.2% year to date (YTD), underperforming the Zacks Electronics - Semiconductors industry's return of 20.4% and the Zacks Computer and Technology sector's appreciation of 17.6%. ALGM's shares have been suffering from lower consumer demand in the industrial and automotive end markets along with stiff competition and a challenging macroeconomic environment. However, its continued efforts to rebalance inventory across the end markets coupled with an expanding portfolio is noteworthy. But do these efforts make ALGM stock attractive for investors? Let's analyze. Allegro MicroSystems, Inc. Price and Consensus Allegro MicroSystems, Inc. price-consensus-chart | Allegro MicroSystems, Inc. Quote ALGM Expands Portfolio with New Sensors Allegro MicroSystems' expanding portfolio is helping it to penetrate markets like AI-related data centers, automotive powertrain systems and clean energy systems. ALGM recently introduced two new Xtre
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ALGM
News
- 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
- Allegro MicroSystems Wins Embedded Computing Design’s Electronica 2024: Best-In-Show Award GlobeNewswire
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry [Yahoo! Finance]Yahoo! Finance
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive IndustryPR Newswire
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/12/24 - Form SC
- ALGM's page on the SEC website