Professional
Added to YB: 2024-05-08
Pitch date: 2024-03-31
ALGM [bullish]
Allegro MicroSystems, Inc.
+18.45%
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
$27.32
Price Target
53.92 (+67%)
Dividend
N/A
EV/EBITDA
54.80
P/E
559.06
EV/Sales
7.94
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Discovery Fund Added On Portfolio Holding: Allegro MicroSystems, Inc.
ALGM: Added to position in fabless IC sensor & analog power chip designer for auto/industrial markets. Shares down from $50s to $20s; view as solid long-term grower that can 2x from here. Bought more after reducing in Q3 2023 on extreme valuations.
Read full article (1 min)