Allegro MicroSystems, Inc. (ALGM)
Allegro Stock Jumps as Chip Maker Rejects Onsemi's $35.10 Per Share Bid
Shares of power chips maker Allegro Microsystems (ALGM) jumped Thursday in intraday trading after it rejected the latest bid by its larger rival ON Semiconductor (ON), also known as Onsemi, describing the offer as "inadequate."
Onsemi proposes to acquire Allegro Microsystems in all-cash transaction
Onsemi said on Wednesday that it proposed to acquire sensor integrated circuits provider Allegro Microsystems for $35.10 per share in an all-cash transaction.
Allegro MicroSystems, Inc. (ALGM) Q3 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q3 2025 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations and Corporate Communications Vineet Nargolwala - President and Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Joe Quatrochi - Wells Fargo Thomas O'Malley - Barclays Gary Mobley - Loop Capital Chris Caso - Wolfe Research Quinn Bolton - Needham & Company Blayne Curtis - Jefferies Vijay Rakesh - Mizuho Josh Buchalter - TD Cowen Greg Johnson - UBS Mark Lipacis - Evercore Operator Good morning, and welcome to the Allegro MicroSystems Third Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Allegro MicroSystems, Inc. (ALGM) Q3 Earnings and Revenues Beat Estimates
Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.32 per share a year ago.
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Allegro MicroSystems: Strong Business And Growth Potential
Allegro MicroSystems has been oversold compared to its peers as the industry suffered a cyclical downturn. ALGM's strong business fundamentals and growth prospects are not reflected in the current stock price, presenting a buying opportunity with a potential 29% upside. ALGM's automotive-first approach has helped cement its place as the market leader in magnetic sensing chips and continued deal wins as it expands its products.
Allegro Microsystems: Short-Term Headwinds Impact Growth
Allegro MicroSystems faces revenue challenges in FY2025, with a 36% YoY decline in H1 due to weaknesses in both MS and PIC segments. The DAO semiconductor market's downturn and elevated inventory levels in automotive and industrial sectors contribute to Allegro's near-term growth headwinds. Despite current challenges, Allegro remains a leader in the magnetic sensor market with a broad product portfolio and strong market share.
Loop starts Allegro at Buy, says 'checks boxes' in secular growth drivers
Loop Capital initiated coverage of Allegro MicroSystems with a Buy rating and $30 price target. While cyclical headwinds my limit Allegro's bounce off the bottom, at least in the near-term, the firm believes investors should overweight stocks/companies with high exposure to the automotive end market, and overweight the companies exposed to the fastest growing automotive trends. Allegro "checks all these boxes" in secular growth drivers, and its auto+industrial end market exposure may be particularly well suited for an environment with falling interest rates, the analyst tells investors in a research note.
Allegro MicroSystems initiated with a Buy at Loop Capital
Loop Capital initiated coverage of Allegro MicroSystems with a Buy rating and $30 price target.
Allegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call Transcript
Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q2 2025 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Jalene Hoover – Vice President of Investor Relations and Corporate Communications Vineet Nargolwala – President and Chief Executive Officer Derek D'Antilio – Chief Financial Officer Conference Call Participants Blayne Curtis – Jefferies Thomas O'Malley – Barclays Chris Caso – Wolfe Research Tim Arcuri – UBS Vijay Rakesh – Mizuho Mark Lipacis – Evercore Quinn Bolton – Needham & Company Operator Good morning, and welcome to the Allegro MicroSystems Second Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in listen-only mode.
Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates
Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.40 per share a year ago.
Allegro MicroSystems Down 30% YTD: How Should You Play the Stock?
ALGM's shares have struggled with weak demand and intense competition. However, expanding its portfolio is likely to drive near-term growth.
