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How to buy Allegro MicroSystems stock | $28.29

Own Allegro MicroSystems stock in just a few minutes.

Fact checked

Allegro MicroSystems, Inc (ALGM) is a leading semiconductors business based in the US. It opened the day at USD$28.61 after a previous close of USD$28.94. During the day the price has varied from a low of USD$27.04 to a high of USD$29.03. The latest price was USD$28.29 (25 minute delay). Allegro MicroSystems is listed on the NASDAQ and employs 0 staff. All prices are listed in US Dollars.

How to buy shares in Allegro MicroSystems

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Allegro MicroSystems. Find the stock by name or ticker symbol: ALGM. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Allegro MicroSystems reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$28.29, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Allegro MicroSystems, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Allegro MicroSystems. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Allegro MicroSystems share price

Use our graph to track the performance of ALGM stocks over time.

Allegro MicroSystems shares at a glance

Information last updated 2021-02-24.
Previous closeUSD$28.94
Change USD$-0.65
Change % -2.246%
Volume 1,669,162
Information last updated 2021-02-24.
52-week rangeUSD$14 - USD$34.66
50-day moving average USD$30.688
200-day moving average USD$26.9537
Wall St. target priceUSD$36.14
PE ratio 119.4268
Dividend yield N/A (0%)
Earnings per share (TTM) N/A

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Allegro MicroSystems stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Allegro MicroSystems under- or over-valued?

Valuing Allegro MicroSystems stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Allegro MicroSystems's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Allegro MicroSystems's P/E ratio

Allegro MicroSystems's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 119x. In other words, Allegro MicroSystems shares trade at around 119x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

However, Allegro MicroSystems's P/E ratio is best considered in relation to those of others within the semiconductors industry or those of similar companies.

Allegro MicroSystems's EBITDA

Allegro MicroSystems's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$122.6 million.

The EBITDA is a measure of a Allegro MicroSystems's overall financial performance and is widely used to measure a its profitability.

To put Allegro MicroSystems's EBITDA into context you can compare it against that of similar companies.

Allegro MicroSystems financials

Revenue TTM USD$590.7 million
Operating margin TTM 11.83%
Gross profit TTM USD$261.3 million
Return on assets TTM 0%
Return on equity TTM 0%
Profit margin 3.83%
Book value N/A
Market capitalisation USD$5.5 billion

TTM: trailing 12 months

Shorting Allegro MicroSystems shares

There are currently 2.3 million Allegro MicroSystems shares held short by investors – that's known as Allegro MicroSystems's "short interest". This figure is 13.1% down from 2.6 million last month.

There are a few different ways that this level of interest in shorting Allegro MicroSystems shares can be evaluated.

Allegro MicroSystems's "short interest ratio" (SIR)

Allegro MicroSystems's "short interest ratio" (SIR) is the quantity of Allegro MicroSystems shares currently shorted divided by the average quantity of Allegro MicroSystems shares traded daily (recently around 740021.82410423). Allegro MicroSystems's SIR currently stands at 3.07. In other words for every 100,000 Allegro MicroSystems shares traded daily on the market, roughly 3070 shares are currently held short.

To gain some more context, you can compare Allegro MicroSystems's short interest ratio against those of similar companies.

However Allegro MicroSystems's short interest can also be evaluated against the total number of Allegro MicroSystems shares, or, against the total number of tradable Allegro MicroSystems shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Allegro MicroSystems's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Allegro MicroSystems shares in existence, roughly 10 shares are currently held short) or 0.0753% of the tradable shares (for every 100,000 tradable Allegro MicroSystems shares, roughly 75 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Allegro MicroSystems.

Find out more about how you can short Allegro MicroSystems stock.

Allegro MicroSystems share dividends

We're not expecting Allegro MicroSystems to pay a dividend over the next 12 months.

You may also wish to consider:

Allegro MicroSystems overview

Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; Power ICs comprising motor driver ICs, and regulator and LED driver ICs, as well as photonic and 3D sensing components for LiDAR applications. The company sells its products to OEMs and suppliers primarily in the automotive and industrial markets through its direct sales force, distributors, and independent sales representatives. It operates in the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire.

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