Allegro MicroSystems (ALGM) shares have declined 30.2% year to date (YTD), underperforming the Zacks Electronics - Semiconductors industry’s return of 20.4% and the Zacks Computer and Technology sector’s appreciation of 17.6%.ALGM’s shares have been suffering from lower consumer demand in the industrial and automotive end markets along with stiff competition and a challenging macroeconomic environment.However, its continued efforts to rebalance inventory across the end markets coupled with an expanding port ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to _____________ Commission File Number: 001-39675 ALLEGRO MICROSYSTEMS, INC. (Exact name of registrant as specified in its charter) Delaware 46-2405937 (State ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q1 2025 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations & Corporate Communications Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Chris Caso - Wolfe Research Blayne Curtis - Jefferies Quinn Bolton - Needham Vijay Rakesh - Mizuho Thomas O'Malley - Barclays Joshua Buchalter - TD C ...

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.25, delivering a surprise of 19.05%.Over the last four quarters, the ...

Exhibit 10.1 SHARE REPURCHASE AGREEMENT This Share Repurchase Agreement (this "Agreement") is entered into as of July 23, 2024, between Allegro MicroSystems, Inc., a Delaware corporation (the "Company") and Sanken Electric Co., Ltd., a Japanese corporation ("Seller"). Capitalized terms used and not otherwise defined shall have the meanings ascribed to such terms in Section 15. WHEREAS, as of June 28, 2024, there were outstanding 193,836,578 shares of common stock, $0.01 par value per share, of the Company ( ...

MANCHESTER, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the allocation of a $400,000,000 term loan tranche (the "Term Loan"), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. ("Sanken"), to fully refinance Allegro's existing term loan facil ...

MANCHESTER, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the allocation of a $400,000,000 term loan tranche (the "Term Loan"), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro’s majority shareholder, Sanken Electric Co., Ltd. (“Sanken”), to fully refinance Allegro’s existing term loan faci ...

MANCHESTER, N.H., July 29, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ:ALGM) ("Allegro"), a global leader in power and sensing solutions for motion control and energy-efficient systems, announced today that it has completed the closing of the first of two repurchases for a total of 39 million shares of common stock from Allegro's largest shareholder, Sanken Electric Co., Ltd. ("Sanken"), all of which will be retired. The closing of the first repurchase was financed by issuing approximately 2 ...

MANCHESTER, N.H., July 29, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (“Allegro”), a global leader in power and sensing solutions for motion control and energy-efficient systems, announced today that it has completed the closing of the first of two repurchases for a total of 39 million shares of common stock from Allegro’s largest shareholder, Sanken Electric Co., Ltd. (“Sanken”), all of which will be retired. The closing of the first repurchase was financed by issuing approximately ...

Company Overview - Allegro MicroSystems, Inc. is a global leader in power and sensing solutions for motion control and energy-efficient systems, focusing on automotive and industrial markets [5] - The company designs, develops, and manufactures sensor integrated circuits and application-specific analog power ICs, contributing to the electrification of vehicles and energy-efficient technologies [5] Offering Details - Allegro announced a primary offering of 25,000,000 shares of common stock at a public offering price of $24.00 per share, resulting in gross proceeds of $600,000,000 [1] - After accounting for underwriters' discounts, net proceeds to Allegro are expected to be $579,000,000 [1] - The underwriters have a 30-day option to purchase an additional 3,750,000 shares at the public offering price [1] - Proceeds will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd., at the same price per share as the offering [1] - Post-offering, Sanken will hold approximately 33.2% of Allegro's outstanding common stock, or 32.5% if the underwriters' option is fully exercised [1] Underwriters and Advisors - Barclays, Morgan Stanley, and UBS Investment Bank are acting as joint lead book-running managers for the offering [2] - BofA Securities, Mizuho, and Jefferies are serving as book-running managers, while PJT Partners and Needham & Company are co-managers [2] - PJT Partners is also acting as a financial advisor to Allegro [2] Regulatory Information - The offering is made pursuant to an effective shelf registration statement filed with the SEC on July 23, 2024 [2] - Shares will be offered only by means of a prospectus supplement and the accompanying prospectus [2]