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Allegro Microsystems Inc. - ALGM STOCK NEWS

Welcome to our dedicated news page for Allegro Microsystems (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro Microsystems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allegro Microsystems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allegro Microsystems's position in the market.

News
Allegro MicroSystems to Announce Fourth Quarter and Fiscal Year 2024 Financial Results
Rhea-AI Summary
Allegro MicroSystems, Inc. (ALGM) is set to reveal its financial results for the fourth quarter and fiscal year 2024 on May 9, 2024. The company's President and CEO, Vineet Nargolwala, along with CFO Derek D’Antilio, will host a conference call to discuss the results and business outlook. Analysts and investors can participate in the call through advanced registration. A live webcast and archived audio will be available on the company's website for 90 days post the event.
Rhea-AI Impact
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End-of-Day
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earnings
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Allegro MicroSystems Appoints Jennie Raubacher to its Board of Directors
Rhea-AI Summary
Allegro MicroSystems, Inc. appoints Jennie Raubacher, an experienced investment banker, to its Board of Directors. Raubacher brings over 25 years of expertise in the semiconductor, technology, and telecom sectors. Her appointment aims to enhance Allegro's strategic and financing capabilities in target markets like e-Mobility, Clean Energy, and Automation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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management
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Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4
Rhea-AI Summary
Allegro MicroSystems, Inc. will present at Morgan Stanley's Technology, Media & Telecom Conference on March 4, 2024. Derek D'Antilio, CFO, will participate in a fireside chat. The event will be held at the Palace Hotel in San Francisco, CA, with a live webcast available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
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conferences
News
Allegro MicroSystems Introduces High-Bandwidth Current Sensor Technologies Enabling High-Performance Power Conversion
Rhea-AI Summary
Allegro MicroSystems, Inc. has announced the launch of its new high-bandwidth current sensors, the ACS37030 and the ACS37032, designed to provide efficiency and high-performance with reduced design time and board space. These sensors enable high-performance power conversion with GaN and SiC technologies in electrified vehicles, clean energy solutions, and data center applications. They deliver fast response times, stable and safe control, reduced design footprint, and cost reductions, making them suitable for high-frequency switching in power electronic systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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none
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News
Allegro MicroSystems Reports Third Quarter 2024 Results
Rhea-AI Summary
Allegro MicroSystems, Inc. (ALGM) reports a 2% year-over-year increase in total sales, driven by an 18% year-over-year growth in automotive sales, with e-Mobility applications contributing significantly. Non-GAAP EPS was $0.32, 10% above guidance, and free cash flow increased by over 170% sequentially. The company expects continued inventory digestion in the short term but remains confident in its ability to grow above market in the mid to long term.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.34%
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earnings
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News
Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results
Rhea-AI Summary
Allegro MicroSystems, Inc. (ALGM) plans to release financial results for its third quarter fiscal year 2024 on February 1, 2024. President and CEO Vineet Nargolwala and CFO Derek D’Antilio will host a conference call at 8:30 a.m. EDT to discuss the results and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
earnings
News
Allegro MicroSystems Expands Isolated Gate Driver Portfolio with Bipolar-Output Power-Thru IC
Rhea-AI Summary
Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced the launch of the AHV85111 isolated gate-driver IC, the second product in its High Voltage Power portfolio. The new product adds critical safety features to protect against high operating temperatures in electric powertrain systems, improving noise immunity and simplifying high-frequency power-converter designs. Allegro aims to help designers achieve efficiency and power density needs in clean energy and e-Mobility systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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Allegro MicroSystems to Present at Needham’s 26th Annual Growth Conference on January 19
Rhea-AI Summary
Allegro MicroSystems, Inc. (ALGM) to present at Needham’s 26th Annual Growth Conference on January 19, 2024. Vineet Nargolwala, President and CEO, and Derek D’Antilio, CFO, will participate in a fireside chat at 12:45 PM EDT. A live and archived webcast will be available on the Investor Relations page of www.allegromicro.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
conferences
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News
Transphorm and Allegro MicroSystems Team Up to Increase GaN Power System Performance for High Power Applications
Rhea-AI Summary
Transphorm, Inc. (Nasdaq: TGAN) and Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced a collaboration to expand GaN power system design for high power applications. The collaboration includes Transphorm’s SuperGaN FETs and Allegro’s AHV85110 Isolated Gate Driver, aimed at enabling the rapid adoption of advanced GaN semiconductors in data centers, renewables, and electric vehicles. The SuperGaN FETs are designed to work in various topologies and are used in multiple commercial products, proven to notably increase reliability, power density, and efficiency. Allegro’s AHV85110 Isolated Gate Driver is optimized for driving GaN FETs, enhancing driver efficiency by as much as 50% compared to competitive gate drivers, greatly simplifying system design and reducing noise and common mode capacitance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
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News
Allegro MicroSystems Reports Second Quarter 2024 Results
Rhea-AI Summary
Allegro MicroSystems, Inc. (Nasdaq:ALGM) announced its financial results for the second quarter, ending September 29, 2023. Net sales increased by 16% year-over-year, with automotive sales leading the growth at 31% year-over-year. E-Mobility applications accounted for 50% of automotive sales, growing nearly 60% year-over-year. GAAP and non-GAAP EPS increased by 31% and 29% respectively. The company expects net sales for the third quarter to be in the range of $250 million to $260 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
earnings
Stock ALGM logo
Allegro Microsystems Inc.

Nasdaq:ALGM

ALGM Rankings

#1136 Ranked by Market Cap
#1339 Ranked by Stock Gains
N/A Ranked by Dividends

ALGM Stock Data

5.21B
79.16M
52.29%
50.75%
4.16%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
Manchester

About ALGM

allegro microsystems, llc is a leader in developing, manufacturing and marketing high-performance semiconductors. allegro's innovative solutions serve high-growth applications within the automotive market, with additional focus on office automation, industrial, and consumer/communications solutions. allegro is headquartered in worcester, massachusetts (usa) with design, applications, and sales support centers located worldwide.