Stock of the Day for October 1, 2024

Allegro MicroSystems Stock Report

Allegro MicroSystems
ALGM 90-day performance NASDAQ:ALGM Allegro MicroSystems
Current Price
$38.93
+2.67 (+7.36%)
(As of 02/20/2026 04:00 PM ET)
30 Day Performance
18.01%
  
 
90 Day Performance
56.79%
  
 
1 Year Performance
46.30%
  
 
Market Capitalization
$7.21B
Price Target
$45.00
Net Income
-$73.01M

About Allegro MicroSystems

Allegro MicroSystems, Inc. (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide. Its semiconductors are used in electric and hybrid vehicles, advanced driver-assistance systems, industrial automation equipment, consumer appliances and computing platforms. The company’s design, engineering and quality systems are certified to industry standards, supporting global original equipment manufacturers (OEMs) in North America, Europe and Asia.

Founded in Manchester, New Hampshire, Allegro MicroSystems has grown from a small power-semiconductor spin-off into a publicly traded corporation. The company completed its initial public offering in October 2021 and maintains headquarters in the U.S. along with design centers in the United Kingdom, Poland and China. Allegro’s operations are backed by a diverse supply chain and strategic partnerships with wafer foundries and assembly test providers.

Led by an experienced management team with decades of semiconductor industry expertise, Allegro continues to invest in research and development to drive innovation in power efficiency, sensing accuracy and compact system integration. The company’s ongoing roadmap emphasizes next-generation wide-bandgap power devices, advanced sensor technologies and integrated solutions aimed at enabling greener transportation and smarter industrial systems.

ALGM Company Calendar

JAN. 29, 2026
Last Earnings
FEB. 22, 2026
Today
MAR. 31, 2026
Fiscal Year End

Recent Allegro MicroSystems News

Allegro MicroSystems, Inc. $ALGM Shares Sold by JPMorgan Chase & Co.
Bank of America Securities Remains a Buy on Allegro MicroSystems (ALGM)
Allegro MicroSystems, Inc. (ALGM) Analyst/Investor Day Transcript
Allegro MicroSystems, Inc. (ALGM) Analyst/Investor Day - Slideshow
Allegro MicroSystems (NASDAQ:ALGM) Shares Gap Down - Time to Sell?
This report was written by MarketBeat.com on February 22, 2026. This report first appeared on MarketBeat.com.