About Allegro MicroSystems, Inc
Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; Power ICs comprising motor driver ICs, and regulator and LED driver ICs, as well as photonic and 3D sensing components for LiDAR applications. The company sells its products to OEMs and suppliers primarily in the automotive and industrial markets through its direct sales force, distributors, and independent sales representatives. It operates in the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire. Address: 955 Perimeter Road, Manchester, NH, United States, 03103-3353
Allegro MicroSystems, Inc News and around…
Latest news about Allegro MicroSystems, Inc (ALGM) common stock and company :
Election of Susan Lynch to Replace Christine KingMANCHESTER, N.H., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”), a global leader in sensing and power semiconductor technology, today announced the appointment of Susan Lynch to Allegro’s Board of Directors and its Audit Committee, replacing Christine King, who is leaving the board. Both of these changes are effective immediately. “Christine King has brought a wealth of knowledge and has provided expert guidance to suppo
Allegro Microsystems sees its Relative Strength Rating enter the 80-plus level.
Poland's e-commerce platform Allegro said on Tuesday it swung to a net profit in the third quarter, beating analysts' forecasts, as consumers continued to shop online despite the easing of pandemic-related restrictions. The company, whose website has been attracting about 21 million visitors a month, reported a net profit of 324.4 million zlotys ($81.58 million), from a loss of 132 million zlotys a year ago, and above analysts' forecast of 263 million zlotys. Allegro, which has become the go-to marketplace in Poland and is enjoying a boom in online sales accelerated by the pandemic, has been investing in logistics and fintech to gain a competitive edge and create new revenue streams.
Allegro announced late on Thursday that it would acquire the e-commerce assets of Mall Group and the logistics assets of WE|DO from Jakub Havrlant's Rockaway Capital investment group, PPF Group and Daniel Kretinsky and Patrik Tkac's EC Investments. Allegro's shares, which have fallen more than 40% this year amid competition jitters in its home market, were up 11% at 1234 GMT.
Thomas C. Teebagy, Jr., SVP Operations And Quality at Allegro Microsystems (NASDAQ:ALGM), made a large insider sell on November 1, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Monday showed that Jr. sold 225,799 shares of Allegro Microsystems at prices ranging from $30.47 to $33.26. The total transaction amounted to $7,071,545. Following the transaction, Jr. still owns 100,198 shares of Allegro Microsystems worth $3,109,143. Al
Allegro MicroSystems, Inc. (ALGM) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Innovative ICs can be used standalone or integrated into ADAS solutions Allegro's A80803/4 Bring High-End Lighting to Mainstream Vehicles Expanding its automotive lighting portfolio, Allegro's A80803/4 help designers reduce the number of ICs required to create safety-enhanced automotive lighting systems, enabling higher performance and more compact designs at lower system cost. Manchester, NH, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leade
Leading semiconductor company recognized for excellence in first-ever list of mid-sized companiesManchester, NH, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in sensing and power solutions for motion control and energy-efficient systems, has been named to Inc.’s first annual Best-Led Companies list—a select, data-driven list of the very strongest U.S. firms with revenue of $50 million to $2 billion. An exciting 12-point measure of manag
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MANCHESTER, N.H., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (“Allegro”), a global leader in sensing and power semiconductor technology, announced today a secondary offering of 7,000,000 shares of its common stock by OEP SKNA, L.P., an affiliate of One Equity Partners (the “Selling Stockholder”). The offering consists entirely of secondary shares of common stock to be sold by the Selling Stockholder and Allegro will not receive any proceeds from the sale of such
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Chipmaker Allegro MicroSystems on Thursday beat Wall Street's targets for its fiscal second quarter. ALGM stock rose on the news.
ALGM earnings call for the period ending September 30, 2021.
Company Achieves Record Quarterly Revenue and ProfitabilityMANCHESTER, N.H., Oct. 28, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Allegro MicroSystems, Inc. (Nasdaq:ALGM), please note that the line item for Unrealized gains on marketable securities was not displayed in the Cash Flows from Operating Activities table, while the totaled line item for Net cash provided by operating activities was and is correct. The corrected release follows: Allegro MicroSy
Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 11.11% and 2.98%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Chipmaker Allegro MicroSystems on Thursday beat Wall Street's targets for its fiscal second quarter. ALGM stock rose in early trading.
Company Achieves Record Quarterly Revenue and ProfitabilityMANCHESTER, N.H., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its second quarter of fiscal year 2022 that ended September 24, 2021. The Company’s net sales increased 3% sequentially and 42% over the same period of the prior year to
New device keeps batteries and HVAC systems running quiet and cool Allegro's A89307 Keeps EVs Quiet and Cool Allegro's new 3-phase gate driver, A89307, helps reduce noise and improve battery life for EV and hybrid cooling systems - offering more miles per charge and lowering vehicle carbon footprints. Manchester, NH, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficient syste
Allegro MicroSystems, Inc. (ALGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Allegro Microsystems sees its Relative Strength Rating enter the 80-plus level.
MANCHESTER, N.H., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the second quarter fiscal year 2022 prior to the market opening on Thursday, October 28, 2021. Following the press release, the Company will host a conference call at 8:30AM Eastern time the same day. Ravi Vig, President and Chief Executive Officer, and Paul Walsh, Senior Vice President, Finance & Administration and Chief Financial Officer, will disc
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