2024-02-12 03:20:44 ET
Summary
- Allegro MicroSystems shares have attracted attention due to a significant decline in the fall, while the long-term outlook is upbeat.
- The company is a developer and producer of sensing and power IC solutions, with a large reliance on the automotive sector.
- Recent softness in sales and guidance for the coming quarters, while shares have seen a modest recovery, has led to a decline in the risk-reward ratio for the stock.
Shares of Allegro MicroSystems ( ALGM ) have attracted me, as I sensed opportunities in November, which came after shares witnessed a significant decline towards levels in the mid-twenties....
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Allegro MicroSystems: The Worst Seems Near