Allegro MicroSystems, Inc. Common Stock
ALGMAllegro MicroSystems, Inc. (ALGM) is a global provider of sensing and power integrated circuits used in a variety of applications such as automotive, industrial, and consumer electronics. The company specializes in developing innovative solutions for high-performance motor control, current sensing, and voltage regulation, emphasizing energy efficiency and system reliability. Founded in 1990, Allegro has established itself as a key player in the semiconductor industry with a focus on advancing power and sensing technologies.
Company News
Allegro MicroSystems announced the appointment of Brian C. White as an independent director effective June 17, 2026. White brings over 30 years of semiconductor industry experience, including CFO roles at Ambarella, Maxim Integrated Products, and Integrated Device Technology. His expertise in financial strategy, governance, and capital allocation...
The Nasdaq 100 crossed 30,000 during intraday trading as semiconductor stocks surged, led by Micron Technology's 18% gain following a UBS analyst price target hike to $1,625. The rally was driven by increased AI spending expectations from hyperscalers, with chip stocks dominating market leadership. The S&P 500 rose 0.6%, while the Russell 2000 ou...
Allegro MicroSystems announced it will present at TD Cowen's 54th Annual Technology, Media & Telecom Conference on May 27, 2026, with CFO Derek D'Antilio participating in a fireside chat. The company reported strong financial performance with Q4 2026 sales up 26% year-over-year to $243 million and full-year 2026 sales up 23% to $890 million.
Allegro MicroSystems announced it will release its fourth quarter and fiscal year 2026 financial results on May 7, 2026, prior to market open. CEO Mike Doogue and CFO Derek D'Antilio will host a conference call at 8:30 a.m. ET to discuss results and business outlook. The company will provide a live webcast and archived audio accessible for 90 days.
Tech stocks rebounded on Wednesday with the Nasdaq 100 jumping 1.4% past 25,000, led by software stocks. Cadence Design Systems surged nearly 10% after beating revenue estimates and projecting strong 2026 growth. Commodity markets rallied amid Middle East tensions, with oil climbing above $64 per barrel and gold surging past $5,000. However, Palo...
