UBS says Allegro MicroSystems poised for recovery, starts coverage with Buy rating [Seeking Alpha]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Seeking Alpha
the cyclical recovery ahead, and estimates seem "to bake in no pricing or share gain potential." "A focused auto semi supplier", Allegro MicroSystems ( ALGM ) is levered to autos electrification, but agnostic to mix as it has about the same opportunity in hybrids as EVs, and its magnetic sensors are a relatively low cost/high-value portion of the BOM, the brokerage said. Furthermore, the brokerage says, "ALGM is opportunistic in the industrial market, though the Street is so conservative it assumes this third of the business will never return to historical levels." UBS analysts also noted that it expects future earnings/guidance to be a catalyst, driving positive revisions in consensus. Allegro MicroSystems beat top-line and bottom-line estimates in the first quarter, and forecast net sales to be in the range of $182 million to $192 million vs. consensus of $186.28M, in the quarter ending September 27. YTD, the company's stock is trading about 19% lower, compared to an 18% g
Show less
Read more
Impact Snapshot
Event Time:
ALGM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALGM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALGM alerts
High impacting Allegro MicroSystems, Inc. news events
Weekly update
A roundup of the hottest topics
ALGM
News
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $21.00 price target on the stock.MarketBeat
- ‘Load Up,' Says UBS About These 2 ‘Strong Buy' Stocks [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient FutureGlobeNewswire
- Allegro MicroSystems, Inc. (NASDAQ:ALGM) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) had its price target lowered by analysts at Barclays PLC from $32.00 to $25.00. They now have an "overweight" rating on the stock.MarketBeat
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 4
- 11/4/24 - Form SC
- ALGM's page on the SEC website