Allegro Microsystems Inc. Stock News

MANCHESTER, N.H., Feb. 03, 2025 (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 Krishna Palepu, Ross Graham Walker Professor of Business Administration at Harvard Business School, to Allegro's Board of Directors (“Board”) as a...

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q3 2025 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations and Corporate Communications Vineet Nargolwala - President and Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Joe Quatrochi - Wells Fargo Thomas O'Malley - Barclays Gary Mo...

MANCHESTER, N.H., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal 2025 prior to the market open on Thursday, January 30, 2025. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, ...

New Sensor ICs Deliver Higher Isolation in a 40% Smaller Footprint Compared to Existing Products, Delivering Exceptional Power Density New Sensor ICs Deliver Higher Isolation in a 40% Smaller Footprint Compared to Existing Products, Delivering Exceptional Power Density

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MANCHESTER, N.H., Jan. 02, 2025 (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 virtually at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025. Vineet Nargolwala, President and Chief Executive...

Allegro MicroSystems has been oversold compared to its peers as the industry suffered a cyclical downturn. ALGM's strong business fundamentals and growth prospects are not reflected in the current stock price, presenting a buying opportunity with a potential 29% upside. ALGM's automotive-first approach has helped cement its place as the market leader in magnetic sensing chips and continued deal...

Allegro MicroSystems faces revenue challenges in FY2025, with a 36% YoY decline in H1 due to weaknesses in both MS and PIC segments. The DAO semiconductor market's downturn and elevated inventory levels in automotive and industrial sectors contribute to Allegro's near-term growth headwinds. Despite current challenges, Allegro remains a leader in the magnetic sensor market with a broad product p...