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Allegro MicroSystems (ALGM)

(Delayed Data from NSDQ)

$24.96 USD

24.96
1,418,844

-0.16 (-0.64%)

Updated Aug 16, 2024 03:59 PM ET

After-Market: $24.98 +0.02 (0.08%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value C Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 40% (151 out of 251)

Industry: Electronics - Semiconductors

Better trading starts here.

Zacks News

Investors Heavily Search Allegro MicroSystems, Inc. (ALGM): Here is What You Need to Know

Allegro MicroSystems, Inc. (ALGM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Down -26.16% in 4 Weeks, Here's Why Allegro MicroSystems, Inc. (ALGM) Looks Ripe for a Turnaround

Allegro MicroSystems, Inc. (ALGM) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

AMD Rides on Solid Adoption of New EPYC CPUs, Pensando DPUs

AMD is benefiting from its expanding portfolio, which includes the latest EPYC CPUs and Pensando DPUs.

Here is What to Know Beyond Why Allegro MicroSystems, Inc. (ALGM) is a Trending Stock

Zacks.com users have recently been watching Allegro MicroSystems, Inc. (ALGM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is SPDR S&P Semiconductor ETF (XSD) a Strong ETF Right Now?

Smart Beta ETF report for XSD

Is Allegro MicroSystems, Inc. (ALGM) a Buy as Wall Street Analysts Look Optimistic?

Based on the average brokerage recommendation (ABR), Allegro MicroSystems, Inc. (ALGM) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?

Shaun Pruitt headshot

Time to Buy the Selloff in These Tech Stocks After Earnings?

Let's take a look at three tech stocks that could start presenting better buying opportunities after today's selloff following their quarterly reports.

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 5.41% and 1.20%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?

What's in Store for Allegro MicroSystems' (ALGM) Q1 Earnings?

Allegro MicroSystems' (ALGM) first-quarter fiscal 2024 performance will likely reflect strong momentum in its e-mobility, industrial and automotive segments despite macro uncertainties.

Allegro MicroSystems, Inc. (ALGM) Dips More Than Broader Markets: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed at $48.66 in the latest trading session, marking a -1.76% move from the prior day.

Allegro MicroSystems, Inc. (ALGM) Outpaces Stock Market Gains: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed at $52.72 in the latest trading session, marking a +1.42% move from the prior day.

Is Trending Stock Allegro MicroSystems, Inc. (ALGM) a Buy Now?

Allegro MicroSystems, Inc. (ALGM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Brokers Suggest Investing in Allegro MicroSystems, Inc. (ALGM): Read This Before Placing a Bet

The average brokerage recommendation (ABR) for Allegro MicroSystems, Inc. (ALGM) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

Allegro MicroSystems, Inc. (ALGM) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Allegro MicroSystems, Inc. (ALGM) closed at $47.14, marking a +1.66% move from the previous day.

Broadcom (AVGO) Plans to Invest in EU Chip Project in Spain

Broadcom (AVGO) plans to join the EU-funded chip plan in Spain by building a one-of-a-kind semiconductor facility. This is expected to boost EU's chip industry and reduce dependence.

Is Allegro MicroSystems (ALGM) Stock Outpacing Its Computer and Technology Peers This Year?

Here is how Allegro MicroSystems, Inc. (ALGM) and Fortinet (FTNT) have performed compared to their sector so far this year.

David Bartosiak headshot

Bear of the Day: Cirrus Logic (CRUS)

Some semiconductor companies are printing profits, others are burning out.

Allegro MicroSystems, Inc. (ALGM) Dips More Than Broader Markets: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed at $44.56 in the latest trading session, marking a -1.48% move from the prior day.

Diodes' (DIOD) New Solutions Strengthen Automotive Footprint

Diodes (DIOD) launches new solutions ¿¿¿ AS333Q, Silicon Carbide (SiC) MOSFETs and the ZXCT21xQ family of high-precision current shunt monitors ¿¿¿ to strengthen automotive and EV footprint.

Allegro MicroSystems, Inc. (ALGM) Dips More Than Broader Markets: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed the most recent trading day at $42.04, moving -1.29% from the previous trading session.

Shaun Pruitt headshot

3 Highly Ranked Chip Stocks to Buy Outside of Nvidia (NVDA)

For those looking for options outside of the Nvidia bandwagon, let's take a look at three alternative chip stocks that also covet a Zacks Rank #1 (Strong Buy).

Allegro MicroSystems, Inc. (ALGM) Dips More Than Broader Markets: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed the most recent trading day at $41.18, moving -1.39% from the previous trading session.

Is Allegro MicroSystems (ALGM) Outperforming Other Computer and Technology Stocks This Year?

Here is how Allegro MicroSystems, Inc. (ALGM) and Shopify (SHOP) have performed compared to their sector so far this year.

Allegro MicroSystems, Inc. (ALGM) Stock Sinks As Market Gains: What You Should Know

Allegro MicroSystems, Inc. (ALGM) closed at $40.64 in the latest trading session, marking a -0.29% move from the prior day.