MANCHESTER, N.H., Feb. 13, 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 that the Company will present at Morgan Stanley's Technology, Media & Telecom Conference on Monday, March 4, 2024 at the Palace Hotel in San Francisco, CA. Derek D'Antilio, Chief Financial Officer, is scheduled to participate in a fireside chat at 3:40 PM PST. A live and archived ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 MicroSystems, In ...

MANCHESTER, N.H., Feb. 06, 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 launch of its new high-bandwidth current sensors, the ACS37030 and the ACS37032, which enable high-performance power conversion with GaN and SiC technologies in electrified vehicles, clean energy solutions and data center applications. Current high-power-density GaN and SiC FET charging an ...

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 December 29, 2023 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 (S ...

Allegro MicroSystems, Inc. (NASDAQ:ALGM) Q3 2024 Earnings Call Transcript February 1, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of IR & Corporate Communications Vineet Nargolwala - President, CEO & Director Derek D’Antilio - Senior VP, CFO & Treasurer Conference Call Participants Chris Caso - Wolfe Research Gary Mobley - Wells Fargo Nick Doyle - Quinn Vijay Rakesh - Mizuho Blake Friedman - Bank of America Joshua Buchalter - TD Cowen Thomas O’Malley - Barclays Operator Good morning, ...

–Total Sales Increased 2% Year-over-Year ––E-Mobility Drives 18% Year-over-Year Increase in Automotive Sales – MANCHESTER, N.H., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro" or the "Company") (NASDAQ:ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced financial results for its third quarter ended December 29, 2023. "We delivered third-quarter net sales of $255 million, up 2% year-over-year, driven by ...

Allegro MicroSystems (ALGM) is slated to release third-quarter fiscal 2024 results on Feb 1.For the fiscal third quarter, revenues are expected in the range of $250-$260 million.Non-GAAP earnings are anticipated between 27 cents and 31 cents per share.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $255 million, suggesting 2.5% growth from the figure reported in the year-ago quarter. The consensus mark for earnings has been steady at 29 cents per share in the past 30 days, sugges ...

The overall earnings for the semiconductor industry this earnings season is expected to be better than the year-ago quarter. After a challenging period marked by economic headwinds and disruptions in the supply chain, semiconductor stocks appear to be on the brink of a significant comeback, fueled by a steady increase in sales.The semiconductor market grappled with challenges arising from pandemic-induced disruptions in the supply chain and the Federal Reserve's stringent monetary policies, which subdued de ...

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Allegro MicroSystems, Inc. (ALGM) .Allegro MicroSystems, Inc. cur ...

The latest trading session saw Allegro MicroSystems, Inc. (ALGM) ending at $28.19, denoting a +0.43% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.32%.Shares of the company witnessed a loss of 9.16% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.64% and the S&P 500's gain of 1. ...