Allegro Microsystems Stock News

Allegro MicroSystems, Inc. (ALGM) delivered earnings and revenue surprises of 5.56% and 19.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the

MANCHESTER, N.H., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the third quarter fiscal year 2022 prior to the mark

Manchester, NH, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ: ALGM ), a global leader in sensing and power solutions for motion control and energy-efficient systems, today announced its new A19360 wheel speed and distance sensor for use in emerging applications in advanced driver assistance systems (ADAS). The cutting-edge giant magnetoresistance (GMR) sensor provides automakers with the signal resolution and reliability required for advanced levels of automation in passenger vehicles and mobility-as-a-service applications. According to a recent report by consulting firm Strategy& , the first passenger vehicles with level 3 (conditional automation) capabilities should be generally available by the end of 2022, and level 4 (high automation) capabilities available in people-mover applications by 2025. By 2030, vehicles incorporating levels 3, 4 and 5 (full automation) capabilities are expected to make up 20% of the total market in Europe, 12% in the US, and 11% in China.

Allegro MicroSystems (ALGM) has appointed Derek D''Antilio as its new Chief Financial Officer ((CFO)).D''Antilio joined the Allegro management team on January 10, 2022, succeeding Paul

MANCHESTER, N.H., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM), a global leader in sensing and power semiconductor technology, announced today that Presi

Allegro MicroSystems Inc. (NASDAQ:ALGM) concluded the trading at $34.49 on Thursday, December 23 with a rise of 1.92% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $33.84 with its price kept floating in the range of $33.73 and $34.88 on the … Analysts Offer Important Insight On Allegro MicroSystems Inc. (ALGM) Read More »

Equities analysts predict that Allegro MicroSystems, Inc. (NASDAQ:ALGM) will report $0.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Allegro MicroSystems earnings. Allegro MicroSystems posted earnings per share of $0.13 during the same quarter last year, which would suggest a positive year-over-year growth rate of []

Allegro MicroSystems Inc. (NASDAQ:ALGM) shares, rose in value on Friday, 12/17/21, with the stock price up by 1.07% to the previous days close as strong demand from buyers drove the stock to $33.12. Actively observing the price movement in the last trading, the stock closed the session at $32.77, falling within a range of $32.13 Analysts Predict A Surge In Allegro MicroSystems Inc. (NASDAQ: ALGM)? Read More »

Here is how Allegro MicroSystems, Inc. (ALGM) and KLA (KLAC) have performed compared to their sector so far this year.

Allegro MicroSystems, Inc. (NASDAQ:ALGM) has been given a consensus rating of Buy by the seven brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $39.00. Several []

Morgan Stanley lessened its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 57.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,723 shares of the companys stock after selling 368,237 shares during the period. Morgan Stanley owned about 0.14% of Allegro MicroSystems worth $7,444,000 as of []

Morgan Stanley lessened its position in Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 57.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 268,723 shares of the companys stock after selling 368,237 shares during the period. Morgan Stanley owned about 0.14% of Allegro MicroSystems worth $7,444,000 as of []

Photronics (NASDAQ:PLAB) and Allegro MicroSystems (NASDAQ:ALGM) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, earnings, risk, dividends, valuation, analyst recommendations and profitability. Profitability This table compares Photronics and Allegro MicroSystems net margins, return on equity and return []

Allegro MicroSystems, Inc. (NASDAQ:ALGM) CFO Paul V. Walsh, Jr. sold 50,000 shares of the companys stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $30.75, for a total value of $1,537,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can []