Allegro Microsystemsinc Stock Buy Hold or Sell Recommendation
| ALGM Stock | USD 28.77 2.20 8.28% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Allegro MicrosystemsInc is 'Cautious Hold'. Macroaxis provides Allegro MicrosystemsInc buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALGM positions. The advice algorithm takes into account all of Allegro MicrosystemsInc's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Allegro MicrosystemsInc's buy or sell advice are summarized below:
Real Value 34.25 | Target Price 50.57 | Hype Value 28.67 | Market Value 28.77 | Naive Value 27.98 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Allegro MicrosystemsInc given historical horizon and risk tolerance towards Allegro MicrosystemsInc. When Macroaxis issues a 'buy' or 'sell' recommendation for Allegro MicrosystemsInc, the advice is generated through an automated system that utilizes algorithms and statistical models.
Allegro |
Execute Allegro MicrosystemsInc Buy or Sell Advice
The Allegro recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Allegro MicrosystemsInc. Macroaxis does not own or have any residual interests in Allegro MicrosystemsInc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Allegro MicrosystemsInc's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Allegro MicrosystemsInc Trading Alerts and Improvement Suggestions
| Allegro MicrosystemsInc had very high historical volatility over the last 90 days | |
| About 52.0% of the company shares are held by company insiders | |
| Latest headline from bizjournals.com: Armis acquires Santa Clara cybersecurity startup for 150 million |
Allegro MicrosystemsInc Returns Distribution Density
The distribution of Allegro MicrosystemsInc's historical returns is an attempt to chart the uncertainty of Allegro MicrosystemsInc's future price movements. The chart of the probability distribution of Allegro MicrosystemsInc daily returns describes the distribution of returns around its average expected value. We use Allegro MicrosystemsInc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Allegro MicrosystemsInc returns is essential to provide solid investment advice for Allegro MicrosystemsInc.
| Mean Return | -0.04 | Value At Risk | -4.31 | Potential Upside | 3.87 | Standard Deviation | 2.89 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Allegro MicrosystemsInc historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Allegro Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Allegro MicrosystemsInc is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Allegro MicrosystemsInc backward and forwards among themselves. Allegro MicrosystemsInc's institutional investor refers to the entity that pools money to purchase Allegro MicrosystemsInc's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | T. Rowe Price Investment Management,inc. | 2023-12-31 | 1.7 M | Artisan Partners Limited Partnership | 2023-12-31 | 1.6 M | Woodline Partners Lp | 2023-12-31 | 1.5 M | Geode Capital Management, Llc | 2023-12-31 | 1.3 M | Manufacturers Life Insurance Co | 2023-12-31 | 1.2 M | First Trust Advisors L.p. | 2023-12-31 | 1.2 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.1 M | Macquarie Group Ltd | 2023-12-31 | 1.1 M | Massachusetts Financial Services Company | 2023-12-31 | 1.1 M | Oep Capital Advisors, L.p. | 2023-12-31 | 12.6 M | Fmr Inc | 2023-12-31 | 10.5 M |
Allegro MicrosystemsInc Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 346K | 7.6M | (4.5M) | (75.2M) | (67.6M) | (64.3M) | |
| Investments | (41.7M) | (68.2M) | (66.3M) | (99.7M) | (89.7M) | (85.2M) | |
| Change In Cash | 116.6M | (16.0M) | 85.9M | 68.9M | 79.2M | 52.4M | |
| Net Borrowings | 43M | (17.3M) | (7.5M) | 2.8M | 2.5M | 1.8M | |
| Free Cash Flow | 35.8M | 79.9M | 86.2M | 113.4M | 130.4M | 74.4M | |
| Depreciation | 64.0M | 48.3M | 48.5M | 50.8M | 45.7M | 43.5M | |
| Other Non Cash Items | 4.6M | 19.2M | 327K | (11.3M) | (10.2M) | (9.7M) | |
| Capital Expenditures | 45.6M | 40.7M | 69.9M | 79.8M | 71.8M | 53.5M | |
| Net Income | 37.1M | 18.1M | 119.6M | 187.5M | 215.6M | 226.4M | |
| End Period Cash Flow | 219.9M | 203.9M | 289.8M | 358.7M | 412.5M | 258.6M | |
| Change To Netincome | 1.2M | 50.0M | 41.4M | 11.7M | 13.5M | 24.9M |
Allegro MicrosystemsInc Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Allegro MicrosystemsInc or Semiconductors & Semiconductor Equipment sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Allegro MicrosystemsInc's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Allegro stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.24 | |
β | Beta against NYSE Composite | 2.17 | |
σ | Overall volatility | 3.10 | |
Ir | Information ratio | -0.05 |
Allegro MicrosystemsInc Volatility Alert
Allegro MicrosystemsInc exhibits very low volatility with skewness of 1.05 and kurtosis of 3.79. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Allegro MicrosystemsInc's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Allegro MicrosystemsInc's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Allegro MicrosystemsInc Fundamentals Vs Peers
Comparing Allegro MicrosystemsInc's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Allegro MicrosystemsInc's direct or indirect competition across all of the common fundamentals between Allegro MicrosystemsInc and the related equities. This way, we can detect undervalued stocks with similar characteristics as Allegro MicrosystemsInc or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Allegro MicrosystemsInc's fundamental indicators could also be used in its relative valuation, which is a method of valuing Allegro MicrosystemsInc by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Allegro MicrosystemsInc to competition |
| Fundamentals | Allegro MicrosystemsInc | Peer Average |
| Return On Equity | 0.22 | -0.31 |
| Return On Asset | 0.11 | -0.14 |
| Profit Margin | 0.21 % | (1.27) % |
| Operating Margin | 0.14 % | (5.51) % |
| Current Valuation | 5.19 B | 16.62 B |
| Shares Outstanding | 193.13 M | 571.82 M |
| Shares Owned By Insiders | 52.28 % | 10.09 % |
| Shares Owned By Institutions | 50.69 % | 39.21 % |
| Number Of Shares Shorted | 8.04 M | 4.71 M |
| Price To Earning | 128.42 X | 28.72 X |
| Price To Book | 4.57 X | 9.51 X |
| Price To Sales | 4.81 X | 11.42 X |
| Revenue | 973.65 M | 9.43 B |
| Gross Profit | 411.8 M | 27.38 B |
| EBITDA | 253.24 M | 3.9 B |
| Net Income | 187.49 M | 570.98 M |
| Cash And Equivalents | 293.59 M | 2.7 B |
| Cash Per Share | 1.53 X | 5.01 X |
| Total Debt | 42.54 M | 5.32 B |
| Debt To Equity | 0.05 % | 48.70 % |
| Current Ratio | 4.84 X | 2.16 X |
| Book Value Per Share | 5.88 X | 1.93 K |
| Cash Flow From Operations | 193.21 M | 971.22 M |
| Short Ratio | 4.96 X | 4.00 X |
| Earnings Per Share | 1.14 X | 3.12 X |
| Price To Earnings To Growth | 1.64 X | 4.89 X |
| Target Price | 38.5 | |
| Number Of Employees | 4.69 K | 18.84 K |
| Beta | 1.82 | -0.15 |
| Market Capitalization | 5.13 B | 19.03 B |
| Total Asset | 1.18 B | 29.47 B |
| Retained Earnings | 310.31 M | 9.33 B |
| Working Capital | 500.5 M | 1.48 B |
Note: Allegro MicrosystemsInc exotic insider transaction detected [view details]
Allegro MicrosystemsInc Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Allegro . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Allegro MicrosystemsInc Buy or Sell Advice
When is the right time to buy or sell Allegro MicrosystemsInc? Buying financial instruments such as Allegro Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 41.5M | 42.5M | 38.3M | 38.0M | Total Assets | 892.6M | 1.2B | 1.4B | 966.1M |
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In addition to having Allegro MicrosystemsInc in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Allegro MicrosystemsInc Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.Note that the Allegro MicrosystemsInc information on this page should be used as a complementary analysis to other Allegro MicrosystemsInc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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When running Allegro MicrosystemsInc's price analysis, check to measure Allegro MicrosystemsInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegro MicrosystemsInc is operating at the current time. Most of Allegro MicrosystemsInc's value examination focuses on studying past and present price action to predict the probability of Allegro MicrosystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegro MicrosystemsInc's price. Additionally, you may evaluate how the addition of Allegro MicrosystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Allegro MicrosystemsInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegro MicrosystemsInc. If investors know Allegro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegro MicrosystemsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 1.14 | Revenue Per Share 5.611 | Quarterly Revenue Growth 0.025 | Return On Assets 0.1118 |
The market value of Allegro MicrosystemsInc is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro MicrosystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Allegro MicrosystemsInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegro MicrosystemsInc's market value can be influenced by many factors that don't directly affect Allegro MicrosystemsInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegro MicrosystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro MicrosystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro MicrosystemsInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.