Allegro MicroSystems, Inc.

ALGM

US01749D1054

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
30.1 ^USD	+3.33%		+15.37%	-0.56%

Apr. 16	Evercore ISI Starts Allegro MicroSystems With Outperform Rating	MT
Apr. 03	Allegro MicroSystems, Inc. Appoints Jennie Raubacher to its Board of Directors as Independent Director	CI

Allegro MicroSystems, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 29, 2023

November 02, 2023 at 07:00 am EDT

Allegro MicroSystems, Inc. reported earnings results for the second quarter and six months ended September 29, 2023. For the second quarter, the company reported sales was USD 275.51 million compared to USD 237.67 million a year ago. Net income was USD 65.62 million compared to USD 50.61 million a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.34 compared to USD 0.26 a year ago.
For the six months, sales was USD 553.8 million compared to USD 455.42 million a year ago. Net income was USD 126.47 million compared to USD 60.86 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.32 a year ago.

Latest news about Allegro MicroSystems, Inc.

Evercore ISI Starts Allegro MicroSystems With Outperform Rating	Apr. 16	MT
Allegro MicroSystems, Inc. Appoints Jennie Raubacher to its Board of Directors as Independent Director	Apr. 03	CI
Allegro Microsystems Insider Sold Shares Worth $476,486, According to a Recent SEC Filing	Mar. 11	MT
Transcript : Allegro MicroSystems, Inc. Presents at Morgan Stanley?s Technology, Media & Telecom Conference 2024, Mar-04-2024 03:40 PM	Mar. 04
Allegro MicroSystems Introduces High-Bandwidth Current Sensor Technologies Enabling High-Performance Power Conversion	Feb. 06	CI
North American Morning Briefing : Hopes of March -2-	Feb. 05	DJ
Wolfe Research Upgrades Allegro MicroSystems to Outperform From Peer Perform	Feb. 02	MT
Needham Cuts Price Target on Allegro MicroSystems to $40 From $44, Maintains Buy Rating	Feb. 02	MT
Sector Update: Tech Stocks Mixed Thursday Afternoon	Feb. 01	MT
Allegro MicroSystems Fiscal Q3 Non-GAAP Earnings Fall, Net Sales Rise; Fiscal Q4 Outlook Issued; Shares Rise	Feb. 01	MT
Allegro MicroSystems Fiscal Q3 Non-GAAP Earnings Fall, Net Sales Rise; Fiscal Q4 Outlook Issued	Feb. 01	MT
Transcript : Allegro MicroSystems, Inc., Q3 2024 Earnings Call, Feb 01, 2024	Feb. 01
Earnings Flash (ALGM) ALLEGRO MICROSYSTEMS Reports Q3 Revenue $255M, vs. Street Est of $256.8M	Feb. 01	MT
Earnings Flash (ALGM) ALLEGRO MICROSYSTEMS Reports Q3 EPS $0.32, vs. Street Est of $0.29	Feb. 01	MT
Allegro MicroSystems, Inc. Provides Earnings Guidance for the Fourth Quarter Ending March 29, 2024	Feb. 01	CI
Allegro MicroSystems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 29, 2023	Feb. 01	CI
North American Morning Briefing : Stock Futures -2-	Feb. 01	DJ
Transcript : Allegro MicroSystems, Inc. Presents at 26th Annual Needham Growth Virtual Conference, Jan-19-2024 12:45 PM	Jan. 19
Allegro MicroSystems Launches Second Product in High Voltage Power Portfolio	Jan. 09	MT
Allegro Microsystems, Inc. Announces the Launch of the Second Product in Its High Voltage Power Portfolio	Jan. 09	CI
BofA Securities Adjusts Price Target on Allegro MicroSystems to $33 From $29, Maintains Neutral Rating	Dec. 15	MT
Transcript : Allegro MicroSystems, Inc., Q2 2024 Earnings Call, Nov 02, 2023	Nov. 02
Earnings Flash (ALGM) ALLEGRO MICROSYSTEMS Posts Q2 EPS $0.40, vs. Street Est of $0.37	Nov. 02	MT
Earnings Flash (ALGM) ALLEGRO MICROSYSTEMS Posts Q2 Revenue $275.5M, vs. Street Est of $275M	Nov. 02	MT
Allegro MicroSystems, Inc. Provides Earnings Guidance for the Third Quarter Ending December 29, 2023	Nov. 02	CI

Chart Allegro MicroSystems, Inc.

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Company Profile

Allegro MicroSystems, Inc. is a global designer, developer, fabless manufacturer, and marketer of sensor integrated circuits (ICs) and application-specific analog power ICs. The Company is a supplier of magnetic sensor IC solutions in the automotive market. Its sensor ICs enable its customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor drivers, power management ICs, light-emitting diode driver ICs and isolated gate drivers. Its diverse product portfolio provides solutions for the electrification of vehicles, automotive advanced driver assistance systems (ADAS) safety features, automation for Industry 4.0 and power saving technologies for data centers and green energy applications. The Company, through its subsidiary, Crocus Technology, Inc. offers advanced Tunnel Magnetoresistance (TMR) sensor technology solutions to designers and manufacturers of industrial, automotive and consumer electronics.

Sector

Semiconductors

Calendar

2024-05-08 - Q4 2024 Earnings Release

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Ratings for Allegro MicroSystems, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

30.1 USD

Average target price

38.33 USD

Spread / Average Target

+27.35%

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