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2023-09-25 02:00:17 ET Summary Allegro Microsystems has a dominant position in the magnetic sensor market, which is its largest revenue segment. Both the magnetic sensor and power IC segments have shown significant improvement and strong growth over the years. The magnetic sen...
2023-08-31 07:55:00 ET Electric vehicle (EV) chip supplier Allegro MicroSystems (NASDAQ: ALGM) has been a hot stock since its late 2020 initial public offering (IPO) -- but things have gotten a bit more bumpy for shareholders as of late. The market deemed a reduction in valuation wa...
2023-08-14 06:44:32 ET Summary Allegro MicroSystems has shown strong revenue growth and operating leverage, driving its shares higher. The company recently announced a $420 million cash deal to acquire Crocus Technology, which will boost its capabilities in the magnetic sensor mar...
2023-08-09 23:10:38 ET Summary Allegro MicroSystems reported strong Q1 earnings, beating expectations, but its shares have since dropped 20%. The drop may be due to weak guidance for Q2 and concerns about the company's valuation. Allegro's strategic growth drivers, including e...
2023-08-08 06:27:02 ET Allegro MicroSystems ( ALGM ) on Tuesday said it would acquire privately-held Crocus Technology for $420 million in cash. The planned acquisition of Crocus will be funded with a combination of cash on hand and a new debt issuance. The deal is expected to...
2023-08-01 11:16:02 ET Allegro MicroSystems, Inc. (ALGM) Q1 2024 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Jalene Hoover - VP of IR and Corporate Communications Vineet Nargolwala - President and CEO Derek D'Antilio - SVP and Chief Fi...
2023-08-01 07:09:20 ET Allegro MicroSystems press release ( NASDAQ: ALGM ): Q1 Non-GAAP EPS of $0.39 beats by $0.02 . Revenue of $278.29M (+27.8% Y/Y) beats by $5.03M . For the second quarter ending September 29, 2023, the Company expects total sales to be in t...
2023-07-31 14:40:49 ET Allegro MicroSystems ( NASDAQ: ALGM ) is scheduled to announce Q1 earnings results on Tuesday, August 1st, before market open. The consensus EPS Estimate is $0.37 (+54.2% Y/Y) and the consensus Revenue Estimate is $273.26M (+25.5% Y/Y). Over the ...
2023-07-13 16:10:08 ET Allegro MicroSystems ( NASDAQ: ALGM ) shares gained more than 9% on Thursday as investors piled into the semiconductor company on heavy volume. More than 3.9M shares of Allegro MicroSystems ( ALGM ) changed hands on Thursday, more than twice the ...
2023-07-12 06:00:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The Strategy underperf...
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MANCHESTER, N.H., July 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal 2025 prior to the market open on Thursday, August 1, 2024. Following the press release, Vineet Nargolwala, President and...
MANCHESTER, N.H., July 08, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of its newest high-power current sensor , the...
2024-06-29 16:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...