What Does Allegro MicroSystems (ALGM) Do? — Stock Price Outlook, Earnings, Market Cap, Related Stocks, Headquarters Guide
ALGM (Allegro MicroSystems) is a US automotive semiconductor company that supplies magnetic sensors and power semiconductors. Rising EV content per vehicle, auto production, industrial automation, and the semiconductor cycle are cited as the key drivers of its earnings and stock price outlook.
SubscribeALGM (Allegro MicroSystems) is a US semiconductor company that designs magnetic sensors and power semiconductors used for position and current sensing. It supplies sensor and power chips for automotive, EV, and industrial applications, positioning itself to benefit from the spread of EVs and automation.
The vast majority of its revenue comes from the sale of magnetic sensors and power semiconductors. Sensor and power chips for automotive and EV applications are the core, and because EVs require more sensors and power semiconductors for motor and battery control, the content per vehicle continues to grow. Auto production, the EV mix, and industrial automation demand drive its earnings, which are also tied to the semiconductor cycle.
💰 How does ALGM (Allegro MicroSystems) make money?
| Business Segment | Revenue Share | Description | ||||||
|---|---|---|---|---|---|---|---|---|
| Magnetic Sensors | Core | Magnetic sensors for position and current sensing — the largest segment by share | ||||||
| Power Semiconductors | Diversification Pillar | Power semi segment for motor and battery control | ||||||
| EV & Industrial | Growth Foundation | Higher content per vehicle driven by EVs and industrial automation |
1-Year Price Performance
52-Week Price Range
Competitors| Ticker | Company | Price | Change | Market Cap | P/E | PBR | ROE | Dividend Yield |
|---|---|---|---|---|---|---|---|---|
| ON | ON Semiconductor Corp | $76.14 | +8.5% | $29.6B | 49.0 | 4.1 | 8.31% | - |
| NXPI | NXP Semiconductors NV | $236.62 | +4.5% | $59.7B | 20.2 | 5.2 | 28.38% | 1.77% |
| MCHP | Microchip Technology Inc | $74.20 | +3.7% | $40.3B | 110.9 | 6.3 | 7.19% | 2.53% |
✅ ALGM (Allegro MicroSystems) Investor Checklist
ALGM (Allegro MicroSystems) is a US automotive semiconductor company supplying magnetic sensors and power semiconductors. Growing EV content per vehicle and industrial automation are attractive, but the auto and semiconductor cycles should also be monitored.
| Checkpoint | What to Confirm | Current Status |
|---|---|---|
| EV Content | Sensor and power semi content per EV | Structural growth |
| Industrial Automation | Industrial automation demand and new products | Growth driver |
| Cycle | Auto production and semiconductor cycle | Volatility factor |
Slower auto production, shifts in EV adoption pace, the semiconductor cycle, and customer concentration and competition can affect results, so EV content growth, industrial automation demand, and the cycle should all be tracked together.
ALGM (Allegro MicroSystems) is a US automotive semiconductor company with a strong position in magnetic sensors and power semiconductors and benefiting from rising EV content per vehicle, but given the auto and semiconductor cycles, customer concentration, and competition, a medium- to long-term perspective is advisable.
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