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ALGM Stock Summary and Trading Ideas (Allegro Microsystems | NASDAQ:ALGM)

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Allegro Microsystems (ALGM) Frequently Asked Questions

What does Allegro Microsystems do?

Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories such as SENSE which includes Current Sensors, Switches and Latches, and Interface ICs among others; REGULATE which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC, and others. Key revenue for the company is generated from Greater China and the rest from the United States, Japan, Europe, and other regions.

What symbol and exchange does Allegro Microsystems stock trade?

Allegro Microsystems trades on the NASDAQ stock market under the symbol ALGM.

What is Allegro Microsystems stock price doing today?

As of June 18, 2024, ALGM stock price climbed to $28.30 with 305,679 million shares trading.

What is Allegro Microsystems's Beta?

ALGM has a beta of 1.64, meaning it tends to be more sensitive to market movements. ALGM has a correlation of 0.18 to the broad based SPY ETF.

How much is Allegro Microsystems worth?

ALGM has a market cap of $5.48 billion. This is considered a Mid Cap stock.

How much money does Allegro Microsystems make?

Last quarter Allegro Microsystems reported $241 million in Revenue and $.25 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.04.

What is the highest and lowest price Allegro Microsystems traded in the last 3 year period?

In the last 3 years, ALGM stock traded as high as $53.05 and as low as $19.20.

What are the top ETFs holding Allegro Microsystems?

The top ETF exchange traded funds that ALGM belongs to (by Net Assets): VTI, IJH, VB, VGT, XSD.

Is Allegro Microsystems (ALGM) a good investment?

ALGM has underperformed the market in the last year with a price return of -29.5% while the SPY ETF gained +25.7%. ALGM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.9% and -3.3%, respectively, while the SPY returned +7.4% and +3.7%, respectively.

What is the support and resistance for Allegro Microsystems (ALGM) stock price?

ALGM support price is $27.50 and resistance is $28.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALGM stock will trade within this expected range on the day.