While Allegro Microsystems Inc has overperformed by 1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ALGM rose by 50.66%, with highs and lows ranging from $33.26 to $16.38, whereas the simple moving average jumped by 40.50% in the last 200 days.
On June 16, 2025, BofA Securities started tracking Allegro Microsystems Inc (NASDAQ: ALGM) recommending Buy. A report published by Wells Fargo on November 22, 2024, Initiated its previous ‘Overweight’ rating for ALGM. Loop Capital also rated ALGM shares as ‘Buy’, setting a target price of $30 on the company’s shares in an initiating report dated November 12, 2024. Morgan Stanley Initiated an Equal-Weight rating on November 07, 2024, and assigned a price target of $21. UBS initiated its ‘Buy’ rating for ALGM, as published in its report on September 03, 2024. Jefferies’s report from May 13, 2024 suggests a price prediction of $37 for ALGM shares, giving the stock a ‘Buy’ rating. TD Cowen also rated the stock as ‘Buy’.
Analysis of Allegro Microsystems Inc (ALGM)
Further, the quarter-over-quarter decrease in sales is -19.85%, showing a negative trend in the upcoming months.
One of the most important indicators of Allegro Microsystems Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -7.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.66, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ALGM is recording 2.92M average volume. On a monthly basis, the volatility of the stock is set at 2.81%, whereas on a weekly basis, it is put at 1.41%, with a gain of 7.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.33, showing decline from the present price of $32.94, which can serve as yet another indication of whether ALGM is worth investing in or should be passed over.
How Do You Analyze Allegro Microsystems Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 33.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ALGM shares are owned by institutional investors to the tune of 85.50% at present.
