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Allegro MicroSystems, Inc. - ALGM STOCK NEWS

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, Inc. (ALGM) announces acquisition of Crocus Technology, a leader in Tunnel Magnetoresistance (TMR) sensor technology, for $420 million in cash. TMR is expected to approach a $1 billion market by 2030, with a 30% CAGR driven by e-Mobility, Clean Energy, and Automation applications.
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ALGM - Allegro MicroSystems, Inc. Announces Record Net Sales and Earnings Growth, with GAAP Diluted EPS up by 520% and Non-GAAP Diluted EPS up by 63%. Strategic Growth Areas Increased by 63% Year-over-Year. First quarter sales reached $278 million, marking a new milestone in the company's financial performance.
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Allegro MicroSystems has announced the launch of its new Power-Thru isolated gate driver, which delivers 2× the power density with a simpler and more efficient system design. The gate driver drives GaN FETs with up to a 50% smaller footprint and a 40% efficiency improvement compared to competitor offerings. It eliminates the need for a separate isolated power supply and reduces EMI pathways, resulting in faster time to market, efficiency gains, and production cost savings.
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Allegro MicroSystems, Inc. will present at TD Cowen’s 51st Annual Technology, Media & Telecom Conference on May 31, 2023. The Chief Financial Officer will participate in a fireside chat at 2:00 PM EDT.
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Allegro MicroSystems, Inc. (Nasdaq: ALGM) announced it will release its fourth quarter and fiscal year 2023 financial results on May 10, 2023, following market close. A conference call hosted by President and CEO Vineet Nargolwala and CFO Derek D’Antilio will take place on May 11, 2023, at 8:30 a.m. EDT to discuss these results and the company’s business outlook. Interested analysts and investors can participate via a registration link provided, which is required for dial-in participants. A live and archived audio webcast will be available on the company’s website for 90 days. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs, targeting automotive and industrial markets, focusing on technologies that promote vehicle electrification and energy efficiency.

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Allegro MicroSystems has expanded its ClearPower module solutions by introducing two new switching regulators, the APM81803 and APM81911, designed for industrial and automotive applications. These modules significantly enhance electromagnetic compatibility (EMC) while reducing development costs and time to market. They achieve a 70% reduction in PCB footprint compared to conventional solutions and can lower electromagnetic interference (EMI) by up to five times. Both regulators are AEC-Q100 qualified and operate within a voltage range of 3.5V to 36V, with a low quiescent current of 6 µA. Pricing and availability details are also provided.

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Allegro MicroSystems has announced the availability of samples for the ACS37601 sensor, designed for electric vehicles, offering advanced safety and accuracy features. This ASIL C-rated sensor achieves high precision with low noise and fast response times, meeting new automotive safety requirements for battery management systems.

The ACS37601 provides measurement capabilities exceeding 200 Amperes and is designed for efficient power management in EVs, with customer collaboration highlighted by Littelfuse. Samples are available in a thin package suitable for surface-mount assembly.

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FAQ

What is the current stock price of Allegro MicroSystems (ALGM)?

The current stock price of Allegro MicroSystems (ALGM) is $22.96 as of January 10, 2025.

What is the market cap of Allegro MicroSystems (ALGM)?

The market cap of Allegro MicroSystems (ALGM) is approximately 4.2B.

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

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ALGM Stock Data

4.22B
122.72M
33.3%
78.22%
6.19%
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