MANCHESTER, N.H., April 18, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ:ALGM) today announced it plans to release financial results for its fourth quarter and fiscal year 2024 prior to the market open on Thursday, May 9, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook. A ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Allegro MicroSystems, Inc. (ALGM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Allegro MicroSy ...

While the innovation space seemingly lacks no shortage of interest, not every enterprise benefits from the spotlight, which brings us to tech stocks ready to rebound. Yes, there are indeed certain compelling tech plays that aren’t getting the attention they deserve.To be sure, the space is speculative. Let’s be real. The usual suspects – your Nvidia (NASDAQ:NVDA) or Microsoft (NASDAQ:MSFT), to name but a few examples – enjoy significant upside momentum in part because everybody else believes in their potent ...

In the latest market close, Allegro MicroSystems, Inc. (ALGM) reached $25.74, with a +0.23% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.11% for the day. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.23%.Heading into today, shares of the company had lost 12.71% over the past month, lagging the Computer and Technology sector's gain of 1.54% and the S&P 500's gain of 1.5% in that time.Analysts and investors alike will be keeping a clo ...

MANCHESTER, N.H., April 03, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM) a global leader in power and sensing semiconductor solutions for motion control and energy-efficient systems, today announced the appointment of Jennie Raubacher to Allegro's Board of Directors ("Board") as an independent director. Ms. Raubacher's appointment is effective on April 3, 2024. Jennie Raubacher joins Allegro's Board with over 25 years of experience in investment banking focused on the semico ...

Allegro MicroSystems, Inc. (ALGM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -11.6%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Electronics - Semiconductors industry, which Allegro MicroSystems falls in, has gained 1.1%. The key question now is: What could be the stock's future dir ...

Allegro MicroSystems, Inc. (ALGM) closed at $27.78 in the latest trading session, marking a +1.02% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.63%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.82%.The company's shares have seen a decrease of 11.72% over the last month, not keeping up with the Computer and Technology sector's gain of 1.16% and the S&P 500's gain of 1.76%.The upcoming earnings release of ...

Allegro MicroSystems, Inc. (ALGM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned -0.5%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Electronics - Semiconductors industry, which Allegro MicroSystems, Inc. falls in, has gained 10.4%. The key question now is: What could be the stock ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Allegro MicroSystems, Inc. (ALGM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Allegro MicroSy ...

Discerning investors are increasingly looking to mid-cap stocks to supercharge their portfolios and build wealth. The artificial intelligence boom is only just beginning, and AI-powered software will continue to capture investors’ attention. Amid the gold rush, there are several candidates that stand out as hidden gems, ready to capitalize on the AI revolution. With the total addressable market for enterprise software set to reach unprecedented heights, these mid-cap stocks should benefit. These 3 exciting ...