Allegro Microsystems Inc is a leading provider of advanced semiconductor solutions, specializing in sensor and power management technologies
The company designs and manufactures a wide range of integrated circuits that enable efficient power conversion and precise sensing in various applications, including automotive, industrial, and consumer electronics. Allegro's innovative products contribute to the development of smarter, safer, and more energy-efficient systems, enhancing the performance and functionality of electronic devices. Through its commitment to research and development, the company continually strives to deliver cutting-edge solutions that meet the evolving needs of its customers and the market.
MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- Allegro (NASDAQALGM) ("Allegro" or the "Company") today confirmed that it received an unsolicited proposal from onsemi to acquire Allegro for $35.10 per share in cash on February 12, 2025. The Allegro Board of Directors reviewed the proposal, in consultation with its independent financial and legal advisors, and determined that the proposal was inadequate.
Shares of chip designer Allegro MicroSystems (NASDAQALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.
Both ON Semiconductor and Allegro offer semiconductor solutions to the automotive sector. As of Friday's close, ON Semi’s market capitalization stood at $19.8 billion, while Allegro’s stood at $4.1 billion.
Semiconductors are the silicon backbone of the digital revolution. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending.
Unfortunately, the market seems to be predicting a downturn as the industry has tumbled by 8.4% over the past six months. This performance is a far cry from the S&P 500’s 6% ascent.
MANCHESTER, N.H., Feb. 24, 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 Mike Doogue as President and Chief Executive Officer and as a member of the Board.
MANCHESTER, N.H., Feb. 18, 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 at Morgan Stanley’s Technology, Media & Telecom Conference on Tuesday, March 4, 2025 at The Palace Hotel in San Francisco, CA. Derek D’Antilio, EVP and Chief Financial Officer, is scheduled to participate in a fireside chat at 7:45 AM PT.
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 an independent director. Dr. Palepu’s appointment was effective on January 31, 2025.
Chip designer Allegro MicroSystems (NASDAQALGM) announced better-than-expected revenue in Q4 CY2024, but sales fell by 30.2% year on year to $177.9 million. Guidance for next quarter’s revenue was better than expected at $185 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
MANCHESTER, N.H., Jan. 30, 2025 (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 27, 2024.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Qualcomm (NASDAQQCOM) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Allegro MicroSystems (NASDAQALGM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the processors and graphics chips industry, including AMD (NASDAQAMD) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at processors and graphics chips stocks, starting with AMD (NASDAQAMD).
