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Who is the Top Investor In Allegro Microsystems Inc. (ALGM)?

Allegro Microsystems Inc. (NASDAQ: ALGM) is -8.59% lower on its value in year-to-date trading and has touched a low of $24.66 and a high of $53.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALGM stock was last observed hovering at around $29.36 in the last trading session, with the day’s loss setting it -1.69%.

Currently trading at $27.67, the stock is -2.37% and -2.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.51 million and changing -5.76% at the moment leaves the stock -10.43% off its SMA200. ALGM registered -24.73% loss for a year compared to 6-month gain of 5.77%.

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The stock witnessed a 2.37% loss in the last 1 month and extending the period to 3 months gives it a -9.84%, and is -6.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.78% over the week and 4.00% over the month.

Allegro Microsystems Inc. (ALGM) has around 4687 employees, a market worth around $5.34B and $1.08B in sales. Current P/E ratio is 24.32 and Fwd P/E is 23.32. Profit margin for the company is 20.57%. Distance from 52-week low is 12.23% and -47.84% from its 52-week high. The company has generated returns on investments over the last 12 months (15.83%).

The EPS is expected to shrink by -60.71% this year

The shares outstanding are 191.75M, and float is at 78.63M with Short Float at 11.00%.

Allegro Microsystems Inc. (ALGM) Insider Activity

The most recent transaction is an insider sale by Glover Max R., the company’s SVP of Worldwide Sales. SEC filings show that Glover Max R. sold 15,000 shares of the company’s common stock on Mar 08 ’24 at a price of $31.77 per share for a total of $0.48 million. Following the sale, the insider now owns 0.24 million shares.

Allegro Microsystems Inc. disclosed in a document filed with the SEC on Nov 17 ’23 that Nargolwala Vineet A (President and CEO) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $27.84 per share for $27840.0. Following the transaction, the insider now directly holds 0.3 million shares of the ALGM stock.

Still, SEC filings show that on Nov 14 ’23, Lynch Susan D (Director) acquired 350 shares at an average price of $27.37 for $9580.0. The insider now directly holds 16,711 shares of Allegro Microsystems Inc. (ALGM).

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