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Allegro MicroSystems, Inc. - $ALGM STOCK NEWS

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.

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.

Rhea-AI Summary
ALGM - Allegro MicroSystems, Inc. Announces Record Net Sales and Earnings Growth, with GAAP Diluted EPS up by 520% and Non-GAAP Diluted EPS up by 63%. Strategic Growth Areas Increased by 63% Year-over-Year. First quarter sales reached $278 million, marking a new milestone in the company's financial performance.
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-12.34%
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1.16%
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Rhea-AI Summary
Allegro MicroSystems has announced the launch of its new Power-Thru isolated gate driver, which delivers 2× the power density with a simpler and more efficient system design. The gate driver drives GaN FETs with up to a 50% smaller footprint and a 40% efficiency improvement compared to competitor offerings. It eliminates the need for a separate isolated power supply and reduces EMI pathways, resulting in faster time to market, efficiency gains, and production cost savings.
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1.16%
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-2.31%
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Rhea-AI Summary
Allegro MicroSystems, Inc. will present at TD Cowen’s 51st Annual Technology, Media & Telecom Conference on May 31, 2023. The Chief Financial Officer will participate in a fireside chat at 2:00 PM EDT.
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-0.03%
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1.8%
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-4.06%
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-0.02%
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1.72%
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Rhea-AI Sentiment
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1.75%
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Allegro MicroSystems, Inc.

Nasdaq:ALGM

ALGM Rankings

ALGM Stock Data

5.73B
79.16M
52.29%
50.75%
4.16%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
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.