Allegro MicroSystems (ALGM) Stock Information
Key finding: Allegro MicroSystems (ALGM) is a fabless semiconductor leader in automotive and industrial sensors/power ICs that has delivered strong YTD stock gains of over 100% amid EV/robotics demand, despite recent volatility and a rejected 2025 acquisition bid.
Company Overview (Facts)
- Core Business: Designs, develops, and markets (fabless) sensor ICs (magnetic position, speed, current) and application-specific analog power ICs (motor drivers, regulators, PMICs, gate drivers) for motion control, power management, and electrification.
- Markets: Primarily automotive (e.g., braking, EVs) and industrial (robotics, AI data centers, energy infrastructure); ships ~2 billion units annually to 15,000+ customers, including major auto OEMs.
- Scale: ~4,000–4,250 employees; >1,500 products; >30 years of innovation (e.g., chopper stabilization, high-accuracy current sensors).
- Headquarters: Manchester, New Hampshire, USA.
- Leadership: CEO Vineet Nargolwala (per public profiles).
Interpretation: Positioned to benefit from trends like 800V EV architectures, brake-by-wire systems, and high-voltage power conversion in robotics/data centers.
Company History (Facts)
- Founded in 1990 (originally tied to Sanken Electric as Sanken North America).
- Developed specialized analog semiconductor technologies over three decades, focusing on automotive-grade sensors and power solutions.
- Completed initial public offering (IPO) in 2020 on NASDAQ under ticker ALGM.
- 2025: Rejected Onsemi's $6.9 billion all-cash acquisition offer as "inadequate"; bid later shelved.
Uncertainties/Limitations: Exact pre-IPO ownership details and full financial history prior to public listing are not fully detailed in available sources; company emphasizes "innovation with purpose" but specific revenue milestones require earnings filings.
Stock Performance (Facts as of ~July 9-10, 2026)
| Metric | Value |
|---|
| Recent Close (July 8, 2026) | $51.47 |
| July 9, 2026 Trading Range | $54.40 – $58.48 (closed ~$57.38, +11.5%) |
| 52-Week Range | $22.41 – $71.77 |
| Market Cap | ~$10.69 billion |
| Beta (5Y) | ~1.90 (high volatility) |
| EPS (TTM) | -$0.08 |
| PE Ratio | Negative / N/A |
| YTD Return | ~+117.5% (vs. S&P 500 ~+10.2%) |
| 1-Year Return | ~+55.5% (vs. S&P 500 ~+20.4%) |
| Shares Outstanding | ~186.31 million |
Annual Closing Price Summary (Approximate, from Macrotrends)
| Year | Close | High | Low |
|---|
| 2026 (YTD) | $51.47 | $69.62 | $26.91 |
| 2025 | $26.38 | $37.51 | $16.53 |
| 2024 | $21.86 | $33.15 | $19.07 |
| 2023 | $30.27 | $52.72 | $24.86 |
Interpretation: Strong outperformance driven by semiconductor demand recovery and company-specific growth in high-voltage applications; however, stock has pulled back from June 2026 all-time highs near $71.77.
Data limitations: Prices are delayed/minimum 15-min; exact intraday or after-hours figures vary by source; no dividends (yield N/A); future performance uncertain due to sector volatility and macro factors.
Recent News (July 2026, Facts)
- July 2: Launched industry's first safety PMIC integrating wheel-speed sensor interface for electromechanical braking (ASIL-D, single-chip design reducing components).
- July 2: Appointed Brian C. White as independent director to the Board.
- July 9: Scheduled Q1 FY2027 earnings release for July 30, 2026.
- Stock reaction: Surged ~11.5% on July 9 amid broader chip stock movements and positive sentiment around 800VDC transitions in autos/robotics.
- Earlier context (2025): Onsemi acquisition attempt ($6.9B) rejected and ultimately withdrawn.
Links for More Information
Assumptions & Limitations: All data derived from public web sources current as of tool access on July 10, 2026. Stock prices fluctuate rapidly; verify live quotes. No forward-looking financial projections or insider data included. Company is fabless, so supply chain dependencies represent an unquantified risk.