Welcome to our dedicated page for Allegro Microsystems news (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro Microsystems stock.
Allegro Microsystems Inc. (ALGM) is a leader in developing sensor and power integrated circuits for automotive and industrial applications. This page provides a comprehensive repository of official news releases and strategic updates, offering stakeholders timely insights into the company’s advancements in semiconductor technology.
Investors and industry professionals will find curated information on financial results, product innovations, and strategic partnerships. Our collection spans announcements related to Allegro’s core technologies in motion control, energy-efficient systems, and high-voltage solutions critical for electric vehicles and industrial automation.
Content is organized to highlight key developments in Allegro’s SENSE, REGULATE, and DRIVE product categories, ensuring easy access to updates impacting automotive safety, power management, and motor control markets. Bookmark this page to stay informed on Allegro’s role in advancing semiconductor solutions for a sustainable, tech-driven future.
Allegro MicroSystems announced the sale of its manufacturing facility in Thailand for approximately $30 million as part of its back-end operations transformation. The sale marks a significant step in Allegro's transition to a fabless manufacturing model aimed at optimizing its manufacturing footprint and enhancing gross margins. The company successfully transferred production to its Manila facility ahead of schedule. However, Allegro anticipates a one-time GAAP non-cash impairment charge of $7-$9 million due to the sale, but this will be excluded from non-GAAP financial measures.
Allegro MicroSystems announced a public offering of 17,500,000 shares of common stock, priced at $30.30 each, to be sold by certain stockholders. An additional 2,625,000 shares may be purchased by underwriters. The offering is expected to close on February 9, 2021. No proceeds will go to Allegro, as all net proceeds will be received by the selling stockholders. Barclays, Credit Suisse, and Wells Fargo Securities are the joint lead managers for this offering. A registration statement was declared effective on February 4, 2021.
Allegro MicroSystems (Nasdaq: ALGM) has rescheduled its earnings conference call for the third quarter fiscal year 2021 to February 2, 2021, at 5 p.m. ET. The dial-in information remains unchanged, allowing analysts and investors to participate effectively. The call will be accessible via conference call and live webcast, with archived access available on the investor relations page. Allegro MicroSystems specializes in integrated circuits for automotive and industrial applications, focusing on electrification and automation technologies.
Allegro MicroSystems will release its third quarter fiscal year 2021 financial results on February 2, 2021, before market opening. A conference call will follow at 8:30AM EST where executives, including President Ravi Vig, will discuss the results and outlook. Analysts and investors can join via a dial-in or live webcast. The archived webcast will also be available on the company's investor relations page.
Allegro MicroSystems (NASDAQ: ALGM) announced that President & CEO Ravi Vig will participate in a Fireside Chat at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 10:45 a.m. Eastern Time. The event will be accessible via a live webcast on the Investor Relations section of Allegro’s website, where an archived replay will also be available post-event. Allegro is a leader in sensor integrated circuits and power ICs, contributing to advancements in automotive, industrial markets, and green energy solutions.
Allegro MicroSystems (NASDAQ: ALGM), a leader in semiconductor technology, announced that CEO Ravi Vig will speak at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 9:30 a.m. Eastern time. The event will be held virtually, and interested parties can access the live audio webcast on Allegro's Investor Relations website. An archived replay will be available post-event. Allegro specializes in sensor integrated circuits and power ICs, serving automotive and industrial markets with innovations for vehicle electrification and automation.
Allegro MicroSystems (NASDAQ: ALGM) announced that CEO Ravi Vig will participate in two virtual investor conferences. The first is the 2020 Wells Fargo TMT Summit on December 2 at 11:20 a.m. ET, followed by the Credit Suisse 24th Annual Technology Conference on December 3 at 1:30 p.m. ET. Investors can access live audio webcasts and archived replays through Allegro’s Investor Relations website. Allegro is recognized for its sensor integrated circuits and power ICs, addressing markets like automotive electrification and industrial automation.
Allegro MicroSystems (Nasdaq: ALGM) reported strong financial results for Q2 ended September 25, 2020, with total net sales of $136.6 million, an 18.8% increase from the prior quarter. The automotive sector saw a 17.2% sequential growth, driven by rising global auto production and a nearly doubling of its xEV business. The company also completed the strategic acquisition of Voxtel, enhancing its capabilities in Advanced Driver Assistance Systems (ADAS). For Q3, Allegro projects net sales between $147 million and $151 million, with an expected gross margin of 50%-51% and earnings per share between $0.11 and $0.12.
Allegro MicroSystems (ALGM) will announce its financial results for Q2 fiscal year 2021 on November 19, 2020, before market opening. Following the release, a conference call will be held at 8:30 AM EST featuring CEO Ravi Vig and CFO Paul Walsh discussing the results. Investors can join the call via dial-in or through a live webcast. Allegro specializes in sensor integrated circuits and analog power ICs, catering to automotive, industrial, and green energy sectors.
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