Allegro MicroSystems, Inc. Common Stock (ALGM)
Allegro 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 plans to release its Q2 fiscal year 2026 financial results on October 30, 2025, with a conference call hosted by its President and CFO to discuss results and business outlook.
Allegro MicroSystems reported Q1 FY2026 revenue of $203.4 million, a 22% year-over-year increase, but missed analyst expectations. The company saw growth in automotive and industrial segments, with strong cash flow and ongoing restructuring efforts.
The article covers various mergers and acquisitions, including Onsemi's terminated acquisition of Allegro Microsystems, Paychex's acquisition of Paycor HCM, and Lyft's purchase of a taxi app. It also discusses the bankruptcy of a Burger King franchisee and an investigation into 23andMe's data practices.
Needham maintained a Buy rating on NXP Semiconductors and increased the price target to $300, citing the company's growth potential, particularly in the automotive sector. Despite a slight downward revision in NXP's outlook, the analyst believes the company's automotive business has moved beyond its lowest point, with revenue growth and robust ma...
Investors need to pay close attention to Allegro MicroSystems (ALGM) stock based on the movements in the options market lately.
