Professional
Added to YB: 2024-04-08
Pitch date: 2023-12-31
ALGM [bullish]
Allegro MicroSystems, Inc.
+8.23%
current return
Author Info
No bio for this author
Company Info
Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific power ICs for sensing, motion control, and power management functions of complex electromechanical or power conversion systems.
Market Cap
$7.4B
Pitch Price
$29.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
54.80
P/E
559.06
EV/Sales
7.94
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Meridian Hedged Equity Fund Portfolio Holding: Allegro MicroSystems, Inc.
ALGM: Semis for automotive & industrial. E-mobility 50% auto rev, 2/3 design wins. Auto & industrial demand hit by UAW strike & inventory digestion. Long-term outlook positive but near-term uncertainty. Maintaining long exposure through the cycle given strong fundamentals.
Read full article (1 min)