ALGM stock forecast, quote, news & analysis
Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets... Show more
Why Allegro MicroSystems (ALGM) Is Up +21% in the Last 30 Days
Key Takeaways
- ALGM stock surged +21% over the past 30 days, rebounding from March lows amid broader semiconductor sector strength.
- Over the past quarter, shares gained +13%, supported by a Q3 earnings beat and analyst upgrades, despite interim volatility.
- Key drivers include robust demand in automotive and industrial applications, positive analyst sentiment, and tailwinds from AI-related chip demand.
- Sector peers like NXP Semiconductors and onsemi influenced trading, with ALGM participating in recent upswings.
- Upcoming quarterly results and EV (electric vehicle) market trends remain critical watches.
Allegro MicroSystems (ALGM) Company Overview and Market Position
Allegro MicroSystems, Inc. is a leading global designer, developer, and marketer of sensor integrated circuits (ICs) and application-specific ICs. The company focuses on power, position, and speed technologies, serving high-growth markets such as automotive electrification, advanced driver-assistance systems (ADAS), and industrial automation. Its core business model emphasizes proprietary Hall-effect sensor technology and power ICs, enabling efficient motor control, battery management, and safety systems.
In the competitive semiconductor landscape, Allegro holds a strong position in automotive (over 70% of revenue), benefiting from the shift to EVs and autonomous driving. Its fundamentals, including consistent revenue growth from end-market recovery, underpin recent stock price resilience amid cyclical industry pressures.
Allegro MicroSystems (ALGM) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, ALGM stock climbed +21%, from a close of approximately $31.52 to $38.22. The movement was volatile yet trend-driven, with a rebound from mid-March lows around $28, featuring steady gains and sector-led spikes.
For the past quarter, shares advanced +13%, starting near $33.81 and reaching $38.22. Performance was range-bound initially with February highs above $41, followed by a dip in late March before recovering, reflecting broader market trends in semis.
What Drove ALGM Stock Price in the Last 30 Days
The 30-day rally was propelled by strengthening semiconductor sentiment, as peers benefited from robust AI chip demand signals, notably TSMC's strong quarterly results. ALGM shares soared in tandem, with multiple sessions trading higher alongside names like NXP Semiconductors and Lam Research.
Positive market reactions to industry tailwinds overshadowed minor pullbacks, such as brief dips with Entegris and Broadcom. Analyst optimism persisted, with consensus price targets around $45, reinforcing buying interest. Overall, the uptrend connected directly to renewed confidence in auto and industrial chip demand.
What Drove ALGM Stock Performance Over the Last Quarter
The quarterly gain stemmed from key company-specific catalysts, including a Q3 earnings beat where revenue hit $229 million against estimates of $220 million and EPS (earnings per share) of $0.15 exceeded forecasts by $0.01. This drove a sharp post-earnings spike, with volume surging over 10 million shares.
Morgan Stanley's upgrade to overweight with a $51 target in mid-February further boosted sentiment, pushing shares to multi-month highs near $43. Macro factors like stabilizing interest rates and EV adoption supported the auto segment, though sector volatility—evident in March lows—tempered gains. Institutional accumulation and competitive positioning in power semis provided sustained uplift.
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ALGM Stock Forecast Drivers: What Investors Should Watch Next
Investors should monitor upcoming quarterly earnings, expected around early May, for updates on automotive revenue and guidance amid EV demand shifts. Industry trends in semiconductor supply chains and AI infrastructure spending will influence sentiment.
Macro conditions like interest rate trajectories and global auto production data remain key, alongside strategic developments such as new product launches in power management ICs. Risks include cyclical downturns in industrial end-markets and competitive pressures from larger chipmakers, while catalysts could emerge from partnerships or M&A (mergers and acquisitions) activity.
Disclaimer
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ALGM in upward trend: price may jump up because it broke its lower Bollinger Band on May 18, 2026
ALGM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 34 cases where ALGM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 26, 2026. You may want to consider a long position or call options on ALGM as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ALGM just turned positive on June 02, 2026. Looking at past instances where ALGM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ALGM advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 220 cases where ALGM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for ALGM moved out of overbought territory on May 07, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where ALGM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALGM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. ALGM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock slightly worse than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.050) is normal, around the industry mean (18.179). P/E Ratio (61.263) is within average values for comparable stocks, (295.250). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.839). ALGM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.015). P/S Ratio (9.643) is also within normal values, averaging (65.615).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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