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Allegro MicroSystems (ALGM) Stock

Profile

Sector:

Technology

Country:

United States

IPO:

29 October 2020

Indexes:

Not included

Description:

Allegro MicroSystems (ALGM) designs and manufactures advanced semiconductor solutions. They focus on sensors and power management technologies for automotive, industrial, and consumer markets. Their products enhance performance and efficiency, supporting the growing demand for electric vehicles and smart systems.

Events Calendar

Earnings

Next earnings date:

Jan 31, 2025

Recent quarterly earnings:

Oct 31, 2024

Recent annual earnings:

May 09, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

22 Nov '24 Wells Fargo
Overweight
07 Nov '24 Morgan Stanley
Equal-Weight
01 Nov '24 Barclays
Overweight
31 Oct '24 Needham
Buy
03 Sept '24 UBS
Buy
02 Aug '24 Needham
Buy
13 June '24 TD Cowen
Buy
10 May '24 TD Cowen
Buy
10 May '24 Needham
Buy
10 May '24 Mizuho
Buy

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Institutional Ownership

Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry
Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry
Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry
ALGM
prnewswire.com15 November 2024

HYDERABAD, India , Nov. 15, 2024 /PRNewswire/ -- Cyient, a global Intelligent Engineering services company, today announced the expansion of its partnership with Allegro MicroSystems, Inc. ("Allegro MicroSystems") (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficiency, with the inauguration of a Center of Excellence (CoE) in Hyderabad, India. The CoE, located at Cyient's Manikonda Campus, will focus on developing next-generation magnetic sensors and power semiconductor products for the automotive industry.

Allegro MicroSystems to Present at Wells Fargo's 8th Annual TMT Summit on December 4, 2024
Allegro MicroSystems to Present at Wells Fargo's 8th Annual TMT Summit on December 4, 2024
Allegro MicroSystems to Present at Wells Fargo's 8th Annual TMT Summit on December 4, 2024
ALGM
globenewswire.com15 November 2024

MANCHESTER, N.H., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the company will present at Wells Fargo's 8th Annual TMT Summit on Wednesday, December 4, 2024 at the Terranea Resort in Rancho Palos Verdes, CA. Derek D'Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 11:00 AM PST.

Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient Future
Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient Future
Allegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient Future
ALGM
globenewswire.com04 November 2024

Allegro's New Solutions Deliver Design Simplicity With Cost Savings Allegro's New Solutions Deliver Design Simplicity With Cost Savings

Allegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call Transcript
ALGM
seekingalpha.com31 October 2024

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q2 2025 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Jalene Hoover – Vice President of Investor Relations and Corporate Communications Vineet Nargolwala – President and Chief Executive Officer Derek D'Antilio – Chief Financial Officer Conference Call Participants Blayne Curtis – Jefferies Thomas O'Malley – Barclays Chris Caso – Wolfe Research Tim Arcuri – UBS Vijay Rakesh – Mizuho Mark Lipacis – Evercore Quinn Bolton – Needham & Company Operator Good morning, and welcome to the Allegro MicroSystems Second Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates
Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates
Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates
ALGM
zacks.com31 October 2024

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.40 per share a year ago.

Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results
Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results
Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results
ALGM
globenewswire.com10 October 2024

MANCHESTER, N.H., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal 2025 prior to the market open on Thursday, October 31, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.

Allegro MicroSystems Down 30% YTD: How Should You Play the Stock?
Allegro MicroSystems Down 30% YTD: How Should You Play the Stock?
Allegro MicroSystems Down 30% YTD: How Should You Play the Stock?
ALGM
zacks.com13 September 2024

ALGM's shares have struggled with weak demand and intense competition. However, expanding its portfolio is likely to drive near-term growth.

Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript
ALGM
seekingalpha.com01 August 2024

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q1 2025 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations & Corporate Communications Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Chris Caso - Wolfe Research Blayne Curtis - Jefferies Quinn Bolton - Needham Vijay Rakesh - Mizuho Thomas O'Malley - Barclays Joshua Buchalter - TD Cowen Mark Lipacis - Evercore ISI Operator Good morning and welcome to the Allegro MicroSystems First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates
Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates
Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates
ALGM
zacks.com01 August 2024

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.39 per share a year ago.

Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan
Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan
Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan
ALGM
globenewswire.com31 July 2024

MANCHESTER, N.H., July 31, 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 allocation of a $400,000,000 term loan tranche (the "Term Loan"), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”), to fully refinance Allegro's existing term loan facility, and otherwise for general corporate purposes. The new term loan tranche is expected to have a maturity date of October 31, 2030 and to bear interest at an annual rate based on the Secured Overnight Financing Rate (“SOFR”) plus an interest rate margin of 2.25%, which annual rate represents a 0.50% per annum reduction as compared to Allegro's existing term loan facility. The foregoing transactions are subject to market and other conditions, and there can be no assurance as to whether, or when, the transactions may be completed or as to the actual size or terms of the Term Loan.

FAQ

  • What is the primary business of Allegro MicroSystems?
  • What is the ticker symbol for Allegro MicroSystems?
  • Does Allegro MicroSystems pay dividends?
  • What sector is Allegro MicroSystems in?
  • What industry is Allegro MicroSystems in?
  • What country is Allegro MicroSystems based in?
  • When did Allegro MicroSystems go public?
  • Is Allegro MicroSystems in the S&P 500?
  • Is Allegro MicroSystems in the NASDAQ 100?
  • Is Allegro MicroSystems in the Dow Jones?
  • When was Allegro MicroSystems's last earnings report?
  • When does Allegro MicroSystems report earnings?
  • Should I buy Allegro MicroSystems stock now?

What is the primary business of Allegro MicroSystems?

Allegro MicroSystems (ALGM) designs and manufactures advanced semiconductor solutions. They focus on sensors and power management technologies for automotive, industrial, and consumer markets. Their products enhance performance and efficiency, supporting the growing demand for electric vehicles and smart systems.

What is the ticker symbol for Allegro MicroSystems?

The ticker symbol for Allegro MicroSystems is NASDAQ:ALGM

Does Allegro MicroSystems pay dividends?

No, Allegro MicroSystems does not pay dividends

What sector is Allegro MicroSystems in?

Allegro MicroSystems is in the Technology sector

What industry is Allegro MicroSystems in?

Allegro MicroSystems is in the Semiconductors industry

What country is Allegro MicroSystems based in?

Allegro MicroSystems is headquartered in United States

When did Allegro MicroSystems go public?

Allegro MicroSystems's initial public offering (IPO) was on 29 October 2020

Is Allegro MicroSystems in the S&P 500?

No, Allegro MicroSystems is not included in the S&P 500 index

Is Allegro MicroSystems in the NASDAQ 100?

No, Allegro MicroSystems is not included in the NASDAQ 100 index

Is Allegro MicroSystems in the Dow Jones?

No, Allegro MicroSystems is not included in the Dow Jones index

When was Allegro MicroSystems's last earnings report?

Allegro MicroSystems's most recent earnings report was on 31 October 2024

When does Allegro MicroSystems report earnings?

The next expected earnings date for Allegro MicroSystems is 31 January 2025

Should I buy Allegro MicroSystems stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions