Welcome to our dedicated page for Allegro MicroSystems news (Ticker: ALGM), a resource for investors and traders seeking the latest updates and insights on Allegro MicroSystems stock.
Allegro MicroSystems, Inc. (Nasdaq: ALGM) is a distinguished leader in the development, manufacture, and marketing of high-performance semiconductors. Headquartered in Worcester, Massachusetts, Allegro is at the forefront of innovative semiconductor solutions catering to high-growth applications within the automotive sector, as well as office automation, industrial, and consumer/communications markets.
Core Business and Capabilities:
Allegro specializes in designing sensor integrated circuits (ICs) and application-specific analog power ICs, primarily for automotive and industrial applications. Their product categories include:
- SENSE: This category comprises Current Sensors, Switches and Latches, and Interface ICs, allowing precise measurement of motion, speed, position, and current.
- REGULATE: Includes Regulators, ClearPower Modules, and LED Drivers focused on efficient power management.
- DRIVE: Encompasses BLDC Drivers, Brush DC, and other high-temperature and high-voltage capable motor drivers.
Recent Achievements and Initiatives:
Allegro has made significant strides with several recent product launches and partnerships:
- Purpose-Built Isolated Gate Drivers: Collaborated with Transphorm, Inc. to enhance GaN power system design for high-power applications, aiming to boost efficiency and power density in data centers, renewables, and electric vehicles.
- New High Voltage Power Product: Launched the AHV85111 isolated gate-driver IC, which adds critical safety features for e-Mobility and clean energy applications.
- Financial Performance: Reported record sales and earnings for fiscal year 2024, attributed to strong momentum in e-Mobility and automotive markets.
- High-Bandwidth Current Sensors: Introduced ACS37030 and ACS37032 sensors to enhance power conversion with GaN and SiC technologies in electrified vehicles and clean energy solutions.
- Innovative Gate-Driver IC: Launched the AHV85000/40 isolated gate-driver for xEV charging, solar inverters, and energy storage systems, providing greater design flexibility and efficiency.
Global Reach:
Allegro operates with a global footprint, having design, applications, and sales support centers located worldwide, ensuring robust support for its international customer base. Key revenue markets include Greater China, the United States, Japan, Europe, and other regions.
For more information, please visit Allegro MicroSystems.
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Allegro MicroSystems collaborates with GHSP to introduce the new eVibe system for electric vehicles, leveraging best-in-class gate driver and vehicle sensor technology to provide a more immersive driving experience. The technology aims to cater to a growing market segment that craves the familiar feel of traditional internal combustion engines, enhancing the driving experience through noise and vibration simulation. The partnership between Allegro and GHSP showcases innovative solutions that drive the future of xEV technology, offering high power density, fast switching capabilities, and precise motor monitoring for realistic vibration experiences.
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Allegro MicroSystems, Inc. (ALGM) is set to reveal its financial results for the fourth quarter and fiscal year 2024 on May 9, 2024. The company's President and CEO, Vineet Nargolwala, along with CFO Derek D’Antilio, will host a conference call to discuss the results and business outlook. Analysts and investors can participate in the call through advanced registration. A live webcast and archived audio will be available on the company's website for 90 days post the event.
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Allegro MicroSystems, Inc. appoints Jennie Raubacher, an experienced investment banker, to its Board of Directors. Raubacher brings over 25 years of expertise in the semiconductor, technology, and telecom sectors. Her appointment aims to enhance Allegro's strategic and financing capabilities in target markets like e-Mobility, Clean Energy, and Automation.
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Allegro MicroSystems, Inc. will present at Morgan Stanley's Technology, Media & Telecom Conference on March 4, 2024. Derek D'Antilio, CFO, will participate in a fireside chat. The event will be held at the Palace Hotel in San Francisco, CA, with a live webcast available on the company's website.
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Allegro MicroSystems, Inc. has announced the launch of its new high-bandwidth current sensors, the ACS37030 and the ACS37032, designed to provide efficiency and high-performance with reduced design time and board space. These sensors enable high-performance power conversion with GaN and SiC technologies in electrified vehicles, clean energy solutions, and data center applications. They deliver fast response times, stable and safe control, reduced design footprint, and cost reductions, making them suitable for high-frequency switching in power electronic systems.
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Allegro MicroSystems, Inc. (ALGM) reports a 2% year-over-year increase in total sales, driven by an 18% year-over-year growth in automotive sales, with e-Mobility applications contributing significantly. Non-GAAP EPS was $0.32, 10% above guidance, and free cash flow increased by over 170% sequentially. The company expects continued inventory digestion in the short term but remains confident in its ability to grow above market in the mid to long term.
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Allegro MicroSystems, Inc. (ALGM) plans to release financial results for its third quarter fiscal year 2024 on February 1, 2024. President and CEO Vineet Nargolwala and CFO Derek D’Antilio will host a conference call at 8:30 a.m. EDT to discuss the results and business outlook.
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Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced the launch of the AHV85111 isolated gate-driver IC, the second product in its High Voltage Power portfolio. The new product adds critical safety features to protect against high operating temperatures in electric powertrain systems, improving noise immunity and simplifying high-frequency power-converter designs. Allegro aims to help designers achieve efficiency and power density needs in clean energy and e-Mobility systems.
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Allegro MicroSystems, Inc. (ALGM) to present at Needham’s 26th Annual Growth Conference on January 19, 2024. Vineet Nargolwala, President and CEO, and Derek D’Antilio, CFO, will participate in a fireside chat at 12:45 PM EDT. A live and archived webcast will be available on the Investor Relations page of www.allegromicro.com.
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Transphorm, Inc. (Nasdaq: TGAN) and Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced a collaboration to expand GaN power system design for high power applications. The collaboration includes Transphorm’s SuperGaN FETs and Allegro’s AHV85110 Isolated Gate Driver, aimed at enabling the rapid adoption of advanced GaN semiconductors in data centers, renewables, and electric vehicles. The SuperGaN FETs are designed to work in various topologies and are used in multiple commercial products, proven to notably increase reliability, power density, and efficiency. Allegro’s AHV85110 Isolated Gate Driver is optimized for driving GaN FETs, enhancing driver efficiency by as much as 50% compared to competitive gate drivers, greatly simplifying system design and reducing noise and common mode capacitance.
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FAQ
What is the current stock price of Allegro MicroSystems (ALGM)?
The current stock price of Allegro MicroSystems (ALGM) is $21.31 as of November 22, 2024.
What is the market cap of Allegro MicroSystems (ALGM)?
The market cap of Allegro MicroSystems (ALGM) is approximately 3.9B.
What does Allegro MicroSystems, Inc. specialize in?
Allegro specializes in developing, manufacturing, and marketing high-performance sensor ICs and application-specific analog power ICs for automotive and industrial applications.
Where is Allegro MicroSystems headquartered?
Allegro MicroSystems is headquartered in Worcester, Massachusetts, USA.
What recent products has Allegro MicroSystems launched?
Recent launches include the AHV85111 isolated gate-driver IC, ACS37030/32 high-bandwidth current sensors, and AHV85000/40 isolated gate-driver IC for xEV charging and solar inverters.
Who are Allegro MicroSystems' key revenue markets?
Allegro's key revenue markets include Greater China, the United States, Japan, Europe, and other regions.
What are the primary applications of Allegro's semiconductor solutions?
Allegro's solutions are used in automotive, office automation, industrial, consumer, and communication applications, focusing on motion control and energy-efficient systems.
How does Allegro support its global customer base?
Allegro has design, applications, and sales support centers worldwide to provide robust support for its international customers.
What is the significance of Allegro's collaboration with Transphorm, Inc.?
The collaboration aims to enhance GaN power system design for high-power applications, improving efficiency and power density in data centers, renewables, and electric vehicles.
What financial achievements did Allegro report for fiscal year 2024?
Allegro reported record sales exceeding $1 billion and a record level of design wins surpassing $1 billion, driven by strong momentum in e-Mobility and automotive markets.
How does Allegro's new AHV85000/40 gate-driver IC benefit engineers?
The new gate-driver IC provides greater design flexibility for isolation, power, and layout, allowing engineers to maximize power efficiency in clean energy applications.
What are some of Allegro's core product categories?
Allegro's core product categories include SENSE (Current Sensors, Switches, Latches), REGULATE (Regulators, LED Drivers), and DRIVE (Motor Drivers for BLDC and Brush DC motors).
Allegro MicroSystems, Inc.
Nasdaq:ALGM
ALGM Rankings
ALGM Stock Data
3.86B
122.72M
33.3%
78.18%
6.69%
Semiconductors
Semiconductors & Related Devices
United States of America
MANCHESTER