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. (Nasdaq: ALGM) is a fabless semiconductor company focused on magnetic sensing and power ICs for motion control and energy‑efficient systems. The ALGM news page on Stock Titan aggregates company announcements, earnings updates, product launches, and investor events so readers can follow how Allegro’s power and sensing technologies are being deployed across automotive, clean energy, industrial automation, and data center applications.
Recent news releases describe Allegro as a global leader in power and sensing semiconductor solutions and highlight more than three decades of expertise in magnetic sensing and power ICs. Coverage includes earnings results and outlook, where the company discusses net sales by market, margins, and non‑GAAP metrics, as well as commentary on trends in e‑Mobility, industrial markets, and data center demand.
Product‑focused news features new isolated gate drivers in the Power‑Thru portfolio for high‑voltage silicon carbide designs, as well as current sensors such as the ACS37200 and ACS37100 that address efficiency, power density, and high‑speed control challenges in HEV/EVs, industrial systems, AI data centers, and clean energy power conversion. Corporate items, such as analyst days, investor conference presentations, and leadership appointments, are also covered.
Investors and followers of ALGM can use this news feed to review historical announcements and monitor ongoing developments in Allegro’s markets, technology roadmap, and financial performance. Bookmark this page to access a centralized view of Allegro MicroSystems’ official news flow.
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.
Summary not available.
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.
Allegro MicroSystems has appointed Christine King to its Board of Directors and Audit Committee, effective October 28, 2020. King, a seasoned executive with extensive semiconductor industry experience, previously led Standard Microsystems and AMI Semiconductor, both of which were acquired by larger firms. Her background includes significant roles at IBM, enhancing Allegro's potential for growth. Allegro specializes in sensor integrated circuits and power semiconductor technologies, targeting the automotive and industrial markets.
On November 3, 2020, One Equity Partners announced that its portfolio company, Allegro MicroSystems, completed its initial public offering (IPO) of 25,000,000 shares priced at $14 each, raising $350 million in gross proceeds. Trading under the ticker symbol ALGM, Allegro achieved a market capitalization exceeding $3.7 billion. The company specializes in sensing and power semiconductor technology, serving over 10,000 customers globally, including more than 50 automotive OEMs.
Allegro MicroSystems announced the closure of its initial public offering (IPO) on Nov. 2, 2020, issuing 28,750,000 shares at $14.00 each. This includes an additional 3,750,000 shares purchased by underwriters. Allegro netted approximately $320.8 million after expenses, planning to use part of the proceeds to repay term loan borrowings and for general corporate purposes. The shares trade on Nasdaq under the symbol ALGM.