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.
Allegro MicroSystems (ALGM) will announce its Q4 and fiscal year 2022 financial results before market opening on May 10, 2022. A conference call will follow at 8:30 AM EDT, featuring insights from CEO Ravi Vig and CFO Derek D’Antilio. Investors can join via dial-in or a live webcast. Allegro specializes in sensor ICs and application-specific analog power ICs for automotive and industrial markets, focusing on electrification, ADAS safety, and automation for Industry 4.0.
Allegro MicroSystems (Nasdaq: ALGM) has launched two new giant magnetoresistance (GMR) sensors, the ATS16951 and ATS16351. These sensors are designed for hybrid vehicle engines, facilitating reduced system complexity and improved energy efficiency. With industry-leading features, including significantly larger air gaps, the sensors enhance performance and enable flexibility in installation, catering to evolving automotive needs.
Allegro MicroSystems (ALGM) reported third-quarter fiscal 2022 net sales of $186.6 million, exceeding guidance and up 13% year-over-year. Automotive sales reached $130.8 million, a 15% increase, while industrial sales rose 35% to $31.9 million. The company achieved record gross margins of 54.2% (GAAP) and 54.8% (non-GAAP), contributing to an earnings per share of $0.17 (GAAP) and $0.19 (non-GAAP). Allegro anticipates fourth-quarter sales between $193 million and $197 million with a strong long-term growth outlook driven by automotive content expansion and design wins.
Allegro MicroSystems (ALGM) will announce its Q3 fiscal year 2022 financial results on February 1, 2022, before market opening. A conference call is scheduled for the same day at 8:30 AM EST, featuring CEO Ravi Vig and CFO Derek D’Antilio discussing results and outlook. Investors can join via dial-in or webcast. Allegro MicroSystems specializes in sensor integrated circuits and application-specific analog power ICs, catering to automotive and industrial sectors, emphasizing technologies for vehicle electrification and automation.
Allegro MicroSystems has launched the A19360 sensor, pivotal for automakers in developing levels 3, 4, and 5 automation in vehicles. This sensor offers enhanced signal resolution crucial for advanced driver assistance systems (ADAS). According to Strategy&, vehicles with higher levels of automation are projected to represent 20% of the European market by 2030. Allegro's sensor is noted for its reliability, compatibility, and technological advancements, including superior wheel rotation data.
Allegro MicroSystems has launched the new A33230 Hall-effect sensor IC, the smallest of its kind in the market. This sensor is tailored for automotive and industrial applications and boasts enhanced high-speed performance with its unique design. The 5-pin SOT23-W package allows for minimal space usage on PCBs, making it ideal for various applications, including robotics and automotive systems. Allegro is committed to providing cost-effective solutions that streamline design processes and reduce BOM costs.
Allegro MicroSystems announces the retirement of CFO Paul Walsh after seven years of service, effective February 4, 2022. He is succeeded by Derek D’Antilio, who brings over 20 years of financial experience in the semiconductor sector. D’Antilio has a strong background in corporate finance and M&A, previously serving as CFO at IDEX Biometrics, where he played a key role in a successful Nasdaq listing. CEO Ravi Vig expressed confidence in D’Antilio’s ability to continue Allegro’s financial strategies and drive growth.
Allegro MicroSystems (NASDAQ: ALGM) will have its President & CEO, Ravi Vig, and CFO, Paul Walsh, present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 10:45 AM ET. Investors can access the live webcast through the Investor Relations section of Allegro's website, with an archived replay available post-event. The company is a leader in sensor ICs and analog power ICs, focusing on automotive and industrial sectors, including electrification solutions and ADAS safety features.
Allegro MicroSystems announces the appointment of Sharon Briansky as Senior Vice President, General Counsel, and Corporate Secretary, effective immediately. She succeeds Chris Brown, who departs at the end of the year for another opportunity. Briansky joins from Thermo Fisher Scientific, bringing over two decades of legal experience, including corporate governance and compliance. CEO Ravi Vig expressed confidence in her ability to support Allegro's growth and innovation. Allegro is a leader in sensor integrated circuits and power ICs, driving advancements in automotive and industrial technologies.
Allegro MicroSystems (NASDAQ: ALGM) announced its participation in several investor conferences, showcasing its leadership in semiconductor technology. CFO Paul Walsh will attend the Credit Suisse 25th Annual Technology Conference on November 30, 2021, in Scottsdale, Arizona. CEO Ravi Vig and Walsh will present virtually at the Wells Fargo 5th Annual TMT Summit on December 1, 2021, at 10:00 AM ET, and attend the Barclays Global TMT Conference on December 7, 2021. Webcast details are available on Allegro's website, with archived presentations post-event.
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