ALGM Stock Price Today (September 2026) — Allegro MicroSystems, Inc. Analysis & Key Metrics 2026-09-03
Allegro MicroSystems, Inc. (ALGM) is trading at $35.56, up 0.25% today (as of September 2026). The stock continues to show pressure below major moving averages, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $54.83 (54.2% upside).
- Volatility remains elevated (52.35% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (27.50% YoY) alongside significant competitive pressures.
ALGM Stock Analysis: Key Metrics & Valuation (September 2026)
Concise, actionable data for investors
Allegro MicroSystems, Inc. - Historical Price & Volume
Market Cap
Enterprise Value: $6.81B
P/E Ratio
Forward P/E: 24.16
Revenue Growth
Year over Year
Analyst Target
+54.2% upside potential
Key Investor Questions About ALGM
What investors need to know before buying
Based on current market data, ALGM presents a neutral technical setup with caution warranted fundamentals.
- Technicals say: Neutral (RSI 32.37)
- Fundamentals say: Caution warranted (high leverage concerns)
ALGM's growth trajectory depends on its ability to expand within the Semiconductors sector while managing margin pressures.
- Future growth will depend on performance in core Semiconductors operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for ALGM investors include debt exposure and competitive dynamics in the Semiconductors industry.
- $304.01M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Semiconductors.
52-Week Trading Range
Over the past year, ALGM stock traded between $22.41 and $71.77—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 52.35% annualized volatility and β=2.46, the stock exhibits high sensitivity to market moves—making ALGM suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
High institutional backing, but elevated short interest signals a potential battleground stock.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
2 Growth Stocks with Explosive Upside and 1 We Question
Growth boosts valuation multiples, but it doesn’t always last forever. Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
Allegro MicroSystems, Onto Innovation, and Badger Meter offer stability with growth potential, tied to secular trends in EVs, chip manufacturing, and water infrastructure.
Amkor, FormFactor, Vishay Intertechnology, Allegro MicroSystems, and Intel Shares Skyrocket, What You Need To Know
A number of stocks jumped in the afternoon session after Nvidia reported blowout quarterly earnings and issued an upbeat revenue forecast, easing investor fears of a slowdown in artificial intelligence infrastructure spending. Shares across the semiconductor industry surged following the chipmaker's strong second-quarter beats on both revenue and profit, alongside an upbeat revenue outlook for the upcoming third quarter. Peer chipmakers and hardware suppliers, including Broadcom, Micron Technolo
AMD, Marvell Technology, Semtech, Allegro MicroSystems, and MACOM Stocks Trade Up, What You Need To Know
A number of stocks jumped in the morning session after easing selling pressure, lower Treasury yields, and positive momentum from Asian markets boosted investor sentiment ahead of Nvidia's quarterly earnings and key inflation data.
Allegro MicroSystems (ALGM): Buy, Sell, or Hold Post Q2 Earnings?
Over the last six months, Allegro MicroSystems’s shares have sunk to $35.80, producing a disappointing 6.1% loss - a stark contrast to the S&P 500’s 10.5% gain. This might have investors contemplating their next move.
Marvell Technology, Vishay Intertechnology, and Allegro MicroSystems Shares Plummet, What You Need To Know
A number of stocks fell in the morning session after the 30-year U.S. Treasury yield hit a 19-year high and oil stayed elevated as a window for a U.S.–Iran deal closed without a breakthrough, a CNBC report revealed.
1 Semiconductor Stock Worth Investigating and 2 We Avoid
Semiconductors are the core infrastructure powering the Information Age. The amount of data we ingest is also increasing exponentially, leading to elevated demand for chips with more processing power. This secular trend bodes well for the industry, which has posted a six-month gain of 53.6% and beaten the S&P 500 by 39.7 percentage points.
Is Allegro MicroSystems (ALGM) Outperforming Other Computer and Technology Stocks This Year?
Here is how Allegro MicroSystems, Inc. (ALGM) and Fortinet (FTNT) have performed compared to their sector so far this year.
Why Allegro MicroSystems (ALGM) Stock Is Trading Lower Today
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) fell 2.2% in the morning session after the company reported strong fiscal first-quarter 2027 results and provided positive guidance for the next quarter.
ALGM Q1 Earnings Call Highlights AI Data Center Growth
Allegro sees AI data center demand surge, with expanding design wins, backlog growth and content opportunities in electrification and automation.
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Frequently Asked Questions
Common investor questions about Allegro MicroSystems, Inc.
Allegro MicroSystems, Inc. (ALGM) is currently trading at $35.56. The RSI (14-day) is at 32.4, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $54.83 implies 54.2% upside from current levels. Volatility is high at 52.3% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Allegro MicroSystems, Inc. (ALGM): The trailing P/E ratio is 508.00, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 24.16, lower than the trailing P/E, suggesting analysts expect earnings improvement. Price-to-Book is 6.87. Price-to-Sales is 7.01. Valuation should be compared to Semiconductors industry peers for context, as different sectors trade at different multiples.
Based on 12 analysts covering ALGM, the consensus price target is $54.83. This represents a 54.2% upside from the current price of $35.56. The range spans from a low target of $48.00 to a high target of $62.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Allegro MicroSystems, Inc. (ALGM) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for Allegro MicroSystems, Inc. (ALGM) investors include: 1. High volatility (52.3% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (10.1% of float) suggests significant bearish sentiment. 3. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 4. Semiconductors sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Allegro MicroSystems, Inc.'s (ALGM) current debt and financial health profile: Total debt stands at $304.01M. The debt-to-equity ratio is 31.47, which is moderate and generally manageable for most companies. The current ratio is 3.70, indicating strong short-term liquidity. The quick ratio is 1.99. The company holds $162.03M in cash and equivalents. Free cash flow is positive at $103.50M, providing a cushion for debt servicing and shareholder returns.