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Allegro MicroSystems (ALGM)

(Delayed Data from NSDQ)

$31.78 USD

31.78
1,034,851

-1.37 (-4.13%)

Updated Jul 17, 2024 04:00 PM ET

After-Market: $31.78 0.00 (0.00%) 6:28 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 Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

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 F Growth D Momentum F 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

Top 34% (86 out of 250)

Industry: Electronics - Semiconductors

Better trading starts here.

Zacks News

New Strong Buy Stocks for December 27th

PARR, ACR, ALGM, BHP and MYE have been added to the Zacks Rank #1 (Strong Buy) List on December 27, 2022.

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

In the latest trading session, Allegro MicroSystems, Inc. (ALGM) closed at $29.90, marking a +0.57% move from the previous day.

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

Allegro MicroSystems, Inc. (ALGM) closed at $32.49 in the latest trading session, marking a -1.58% move from the prior day.

Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 19.23% and 5.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 9.09% and 4.94%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

What Makes Allegro MicroSystems, Inc. (ALGM) a New Strong Buy Stock

Allegro MicroSystems, Inc. (ALGM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Wall Street Analysts See a 52% Upside in Allegro MicroSystems, Inc. (ALGM): Can the Stock Really Move This High?

The mean of analysts' price targets for Allegro MicroSystems, Inc. (ALGM) points to a 52.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Allegro MicroSystems, Inc. (ALGM) Matches Q4 Earnings Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 0% and 2.64%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Alpha and Omega Semiconductor (AOSL) Surpasses Q3 Earnings and Revenue Estimates

Alpha and Omega (AOSL) delivered earnings and revenue surprises of 13.56% and 4.76%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Advanced Micro Devices (AMD) Q1 Earnings and Revenues Beat Estimates

Advanced Micro (AMD) delivered earnings and revenue surprises of 24.18% and 17.73%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

AXT (AXTI) Tops Q1 Earnings and Revenue Estimates

AXT (AXTI) delivered earnings and revenue surprises of 66.67% and 1.23%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Wall Street Analysts Think Allegro MicroSystems, Inc. (ALGM) Could Surge 34%: Read This Before Placing a Bet

The consensus price target hints at a 34.3% upside potential for Allegro MicroSystems, Inc. (ALGM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Allegro MicroSystems, Inc. (ALGM) Surpasses Q3 Earnings Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 5.56% and 19.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Allegro MicroSystems, Inc. (ALGM) Reports Next Week: Wall Street Expects Earnings Growth

Allegro MicroSystems, Inc. (ALGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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

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

Bears are Losing Control Over Allegro MicroSystems, Inc. (ALGM), Here's Why It's a 'Buy' Now

Allegro MicroSystems, Inc. (ALGM) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 11.11% and 2.98%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Analysts Estimate Allegro MicroSystems, Inc. (ALGM) to Report a Decline in Earnings: What to Look Out for

Allegro MicroSystems, Inc. (ALGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

How Allegro MicroSystems (ALGM) Stock Stands Out in a Strong Industry

Allegro MicroSystems (ALGM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.