Allegro MicroSystems, Inc. (ALGM) Files Mixed Shelf Registration Statement

Allegro MicroSystems, Inc. (ALGM) Announces 7M Share Secondary Offering

Allegro MicroSystems, Inc. (Nasdaq: ALGM, a global leader in sensing and power semiconductor technology, announced today a secondary offering of 7,000,000 shares of its common stock by OEP SKNA, L.P., an affiliate of One Equity Partners (the Selling Stockholder). The offering consists entirely of secondary shares of common stock to be sold by the Selling Stockholder and Allegro will not receive any proceeds from the sale of such shares. In addition, the Selling Stockholder has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 shares of common... More

Allegro MicroSystems (ALGM) PT Raised to $38 at Barclays

Barclays raised its price target on Allegro MicroSystems (NASDAQ: ALGM) to $38.00 (from $30.00) while maintaining a Overweight rating.... More

Allegro MicroSystems (ALGM) PT Raised to $40 at Needham & Company, Following Earnings

Needham & Company analyst N. Quinn Bolton raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $40.00 (from $35.00) while maintaining a Buy rating.

Analyst comments: "Allegro delivered record revenue and profitability in F2Q22 but guided for a decline in F3Q22 as COVID... More

Allegro MicroSystems (ALGM) PT Raised to $40 at Credit Suisse

Credit Suisse analyst John Pitzer raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $40.00 (from $36.00) while maintaining a Outperform rating.... More

Allegro MicroSystems (ALGM) PT Raised to $43 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on Allegro MicroSystems (NASDAQ: ALGM) to $43.00 (from $40.00) while maintaining a Buy rating following results.

Rakesh calls it potential among the best EV/ADAS small-cap fabless plays.

"With almost 50% share of... More

Allegro MicroSystems, Inc. (ALGM) Tops Q2 EPS by 2c

Allegro MicroSystems, Inc. (NASDAQ: ALGM) reported Q2 EPS of $0.20, $0.02 better than the analyst estimate of $0.18. Revenue for the quarter came in at $193.6 million versus the consensus estimate of $186.84 million.

GUIDANCE:

Allegro MicroSystems, Inc. sees Q3 2022 EPS of $0.18, versus the consensus of... More