How EV And AI Product Cycle Are Fueling Allegro Stock Rally
Allegro Microsystems surged +11% due to new power-sensing solutions. Increased demand for EVs and AI drives market excitement.
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ALGM
Allegro MicroSystems, Inc. · NASDAQ · Technology
Price$36.89-1.47% · −$0.55
Market cap6.87BEquity value
P / E68.3Trailing ratio
Volume0Latest session
Market data
TradingViewALGM price chart
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These Analysts Revise Their Forecasts On Allegro MicroSystems After Q4 Results
ALGM exceeded Q4 earnings expectations, reporting 6 cents EPS vs 5 cents forecast. Q4 sales reached $192.82 million, surpassing estimates of $185.28 million. First-quarter guidance predicts earnings of 6-10 cents on $192-$202 million sales. Shares surged 12.7% post-announcement to close at $21.07. Analysts adjust price targets: Needham lowers to $25, Barclays raises to $23.
View signal analysisOnsemi shelves $6.9 billion offer to buy Allegro MicroSystems
Onsemi withdraws $6.9 billion offer for Allegro MicroSystems. Allegro rebuffed the latest bid, indicating strong market position.
View signal analysisAllegro Stock Jumps as Chip Maker Rejects Onsemi's $35.10 Per Share Bid
Allegro Microsystems rejected Onsemi's $35.10 per share buyout offer. Onsemi's proposal is seen as inadequate by Allegro's management. Onsemi's shares fell about 5% following Allegro's rejection. Allegro shares rose nearly 8% after the rejection announcement. Onsemi recently reported disappointing financial results amid tough conditions.
View signal analysisJPMorgan Chase & Co's Strategic Acquisition in Allegro Microsystems Inc
JPMorgan acquired 1.88 million shares of Allegro Microsystems. Allegro has a market cap of $3.77 billion and shows strong growth potential. JPMorgan increased its stake to 5.60%, emphasizing a bullish outlook on Allegro. The acquisition aligns with JPMorgan's strategy in high-growth technology sectors. Allegro's stock price is currently undervalued despite a 30.46% decline this year.
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