Allegro Microsystems Inc (NASDAQ: ALGM) is 36.32% higher on its value in year-to-date trading and has touched a low of $16.38 and a high of $33.26 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALGM stock was last observed hovering at around $28.81 in the last trading session, with the day’s gains setting it 0.99%.
Currently trading at $29.80, the stock is 11.39% and 29.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 3.44% at the moment leaves the stock 29.20% off its SMA200. ALGM registered 0.95% gain for a year compared to 6-month loss of 40.24%. The firm has a 50-day simple moving average (SMA 50) of $23.0387 and a 200-day simple moving average (SMA200) of $23.065075.
The stock witnessed a 41.43% gain in the last 1 month and extending the period to 3 months gives it a 17.28%, and is 15.33% up 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 2.01% over the week and 3.28% over the month.
Allegro Microsystems Inc (ALGM) has around 4060 employees, a market worth around $5.51B and $725.01M in sales. Fwd P/E is 31.59. Profit margin for the company is -10.07%. Distance from 52-week low is 81.93% and -10.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.65%).
The EPS is expected to grow by 118.29% this year.
Allegro Microsystems Inc (ALGM) Top Institutional Holders
407.0 institutions hold shares in Allegro Microsystems Inc (ALGM), with institutional investors hold 129.03% of the company’s shares. The shares outstanding are 184.29M, and float is at 122.50M with Short Float at 12.30%. Institutions hold 86.03% of the Float.
The top institutional shareholder in the company is FMR LLC with over 19.72 million shares valued at $556.88 million. The investor’s holdings represent 10.1929% of the ALGM Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 9.14 million shares valued at $258.09 million to account for 4.7239 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 8.68 million shares representing 4.4845% and valued at over $245.01 million, while BLACKROCK INC. holds 3.4294 of the shares totaling 6.63 million with a market value of $187.36 million.
Allegro Microsystems Inc (ALGM) Insider Activity
The most recent transaction is an insider sale by Lury Richard R., the company’s Director. SEC filings show that Lury Richard R. sold 6,849 shares of the company’s common stock on Jun 04 ’25 at a price of $27.60 per share for a total of $0.19 million. Following the sale, the insider now owns 23025.0 shares.
Still, SEC filings show that on Nov 18 ’24, Doogue Michael (SVP, CTO) acquired 15,000 shares at an average price of $19.00 for $0.28 million. The insider now directly holds 246,086 shares of Allegro Microsystems Inc (ALGM).
