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

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

November 1, 2021 6:21 AM EDT

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, Inc. (ALGM) Files Mixed Shelf Registration Statement

November 1, 2021 6:16 AM EDT

Allegro MicroSystems, Inc. (NASDAQ: ALGM) files mixed shelf registration statement consisting of:
Common Stock
Preferred Stock
Debt Securities
Purchase Contracts
Common Stock Offered by the Selling Securityholders

... More

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

October 28, 2021 2:52 PM EDT

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) Unveils 3-Phase Gate Driver For EV and Hybrid Cars

October 26, 2021 8:45 AM EDT

Allegro MicroSystems, Inc. (Allegro) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy efficient systems, is expanding its QuietMotion product line with the introduction of the new A89307 automotive-qualified gate... More