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 fabless semiconductor company focused on magnetic sensing and power ICs for motion control and energy‑efficient systems. The ALGM news page on Stock Titan aggregates company announcements, earnings updates, product launches, and investor events so readers can follow how Allegro’s power and sensing technologies are being deployed across automotive, clean energy, industrial automation, and data center applications.
Recent news releases describe Allegro as a global leader in power and sensing semiconductor solutions and highlight more than three decades of expertise in magnetic sensing and power ICs. Coverage includes earnings results and outlook, where the company discusses net sales by market, margins, and non‑GAAP metrics, as well as commentary on trends in e‑Mobility, industrial markets, and data center demand.
Product‑focused news features new isolated gate drivers in the Power‑Thru portfolio for high‑voltage silicon carbide designs, as well as current sensors such as the ACS37200 and ACS37100 that address efficiency, power density, and high‑speed control challenges in HEV/EVs, industrial systems, AI data centers, and clean energy power conversion. Corporate items, such as analyst days, investor conference presentations, and leadership appointments, are also covered.
Investors and followers of ALGM can use this news feed to review historical announcements and monitor ongoing developments in Allegro’s markets, technology roadmap, and financial performance. Bookmark this page to access a centralized view of Allegro MicroSystems’ official news flow.
Allegro MicroSystems (Nasdaq: ALGM) has completed the first of two share repurchases from its largest shareholder, Sanken Electric. The company is buying back a total of 39 million shares at $23.16 per share. The first repurchase of 29 million shares was financed by issuing new stock for $666 million. The second repurchase of 10 million shares will be financed through a term loan and cash on hand.
This move will reduce Sanken's ownership in Allegro from 50.8% to 32.5%. Sanken has agreed to a 14-month lock-up period. The companies have also amended their Stockholders Agreement, adjusting Sanken's board representation rights based on ownership levels. Allegro's CEO, Vineet Nargolwala, stated that this buyback will lead to broader ownership, increased liquidity, and improved governance.
Allegro MicroSystems (Nasdaq: ALGM) has announced the pricing of a primary offering of 25,000,000 shares of common stock at $24.00 per share, resulting in gross proceeds of $600,000,000. The company has also granted underwriters a 30-day option to purchase up to an additional 3,750,000 shares. Proceeds will be used to repurchase shares from majority shareholder Sanken Electric Co., , reducing Sanken's ownership to approximately 33.2% (or 32.5% if the underwriters' option is fully exercised). The offering is expected to close around July 26, 2024. Barclays, Morgan Stanley, and UBS Investment Bank are acting as joint lead book-running managers for the offering.
Allegro MicroSystems (Nasdaq: ALGM), a leader in power and sensing solutions, has announced the launch of an incremental term loan syndication under its existing Credit Agreement from June 21, 2023. The proceeds from this loan will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., The transaction is subject to market conditions, with no guarantee of completion or specific terms. Morgan Stanley and Barclays are acting as joint lead arrangers and book-runners for the loan, while PJT Partners serves as Allegro's financial advisor.
Allegro MicroSystems (Nasdaq: ALGM), a leader in power and sensing solutions, has launched a primary offering of 25,000,000 common stock shares. The company may grant underwriters a 30-day option for an additional 3,750,000 shares. Proceeds will be used to repurchase shares from majority shareholder Sanken Electric Co., at the same price as the offering. Barclays, Morgan Stanley, and UBS Investment Bank are joint lead book-running managers, with PJT Partners as financial advisor. The offering is subject to market conditions and made through an effective shelf registration statement filed with the SEC.
Allegro MicroSystems (Nasdaq: ALGM) announced it will release its first quarter fiscal 2025 financial results before the market opens on August 1, 2024. Following the release, a conference call hosted by CEO Vineet Nargolwala and CFO Derek D’Antilio will take place at 8:30 a.m. EDT to discuss the results and the business outlook. Analysts and investors can join the call through a live webcast or by dialing in after registering for a PIN. The webcast will be available on the company's website for at least 90 days.
Allegro MicroSystems (Nasdaq: ALGM) has launched two new high-power current sensors, the ACS37220 and ACS37041, aimed at improving efficiency and reliability in industrial, automotive, and clean energy applications. The ACS37220 can monitor high currents up to 200A, while the ACS37041, the smallest leaded magnetic current sensor in the industry, is suitable for applications up to 30A. These sensors integrate the functions of traditional shunt resistors and amplifiers into a single package, reducing heat dissipation, simplifying design, and lowering the bill of materials. This innovation addresses current industry challenges related to space, weight, and cost, making them ideal for low voltage applications under 100V.
Allegro MicroSystems (Nasdaq: ALGM) has launched a new combo chip as part of its High Voltage Power-Thru™ portfolio. This innovative product is designed to provide engineers with greater flexibility in designing high-power applications such as EV chargers, solar inverters, and energy storage systems. The new isolated gate-driver IC solutions, AHV85000 and AHV85040, allow designers to choose external transformers, optimizing cost and space. This flexibility enhances system architecture and power efficiency. Allegro continues to demonstrate its commitment to innovation and customer needs with this latest release.
Allegro MicroSystems (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions, has announced its participation in TD Cowen’s 52nd Annual Technology, Media & Telecom Conference. This event will take place on May 29, 2024, at the InterContinental New York Barclay in New York, NY. CEO Vineet Nargolwala will engage in a fireside chat at 3:00 PM EST. The session will be accessible via a live and archived webcast on Allegro's Investor Relations page.
Polar Semiconductor, the only U.S.-based manufacturer specializing in sensor, power, and high-voltage semiconductors, plans to invest $525 million in expanding its Bloomington, Minnesota facility over the next two years. The expansion will double its domestic semiconductor manufacturing capacity, create over 160 new jobs, and receive state incentives and potential federal funding. Niobrara Capital and Prysm capital will lead a $175 million equity investment, transitioning Polar to a U.S.-owned foundry. The company aims to serve new markets with innovative technologies and cutting-edge semiconductor products.
Allegro MicroSystems, Inc. reported a record sales of $1.05 billion in fiscal year 2024, with a significant 8% increase. E-Mobility drove a 38% growth in automotive sales, leading to a 17% year-over-year rise. The company achieved non-GAAP EPS of $1.35 and secured over $1 billion in design wins. Allegro strengthened its market positions with TMR technology and high voltage gate drivers. For fiscal year 2025, the company expects a return to sequential growth in the second quarter.