Allegro MicroSystems
ALGM

$21.13

3.44%

Market Cap: $3.89B

About: Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories such as SENSE which includes Current Sensors, Switches and Latches, and Interface ICs among others; REGULATE which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC, and others. Key revenue for the company is generated from Greater China and the rest from the United States, Japan, Europe, and other regions.

Employees: 4,593

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

142% more call options, than puts

Call options by funds: $40.8M | Put options by funds: $16.9M

30% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 84

5% more capital invested

Capital invested by funds: $2.89B [Q1] → $3.03B (+$137M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

0.22% less ownership

Funds ownership: 55.55% [Q1] → 55.33% (-0.22%) [Q2]

4% less funds holding

Funds holding: 275 [Q1] → 265 (-10) [Q2]

20% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 49

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$33

56%

upside

Avg. target

$34

59%

upside

High target

$35

66%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

UBS Timothy Arcuri 55% 1-year accuracy 17 / 31 met price target	56%upside $33	Buy Initiated	3 Sept 2024
Needham Quinn Bolton 28% 1-year accuracy 35 / 123 met price target	56%upside $33	Buy Reiterated	2 Aug 2024
TD Cowen Joshua Buchalter 0% 1-year accuracy 0 / 5 met price target	66%upside $35	Buy Maintained	13 Jun 2024

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Financial journalist opinion

Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorporating XtremeSense™ TMR Technology

New current sensors utilizing Allegro's patented XtremeSense™ TMR technology represent the first products launched since the company's acquisition of Crocus Technologies New current sensors utilizing Allegro's patented XtremeSense™ TMR technology represent the first products launched since the company's acquisition of Crocus Technologies

Allegro MicroSystems Introduces High-Bandwidth Current Sensors Incorporating XtremeSense™ TMR Technology

Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript

Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q1 2025 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Jalene Hoover - Vice President of Investor Relations & Corporate Communications Vineet Nargolwala - President & Chief Executive Officer Derek D'Antilio - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Chris Caso - Wolfe Research Blayne Curtis - Jefferies Quinn Bolton - Needham Vijay Rakesh - Mizuho Thomas O'Malley - Barclays Joshua Buchalter - TD Cowen Mark Lipacis - Evercore ISI Operator Good morning and welcome to the Allegro MicroSystems First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Allegro MicroSystems, Inc. (ALGM) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.39 per share a year ago.

Allegro MicroSystems, Inc. (ALGM) Beats Q1 Earnings and Revenue Estimates

Allegro MicroSystems Reports First Quarter 2025 Results

– Sales of $167 Million Above Mid-point of Our Outlook – – Made $50 Million Voluntary Debt Repayment – – Announced Repurchase of 39 Million Shares From Majority Shareholder –

Allegro MicroSystems Reports First Quarter 2025 Results

Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan

MANCHESTER, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the allocation of a $400,000,000 term loan tranche (the "Term Loan"), consisting of new term loans incurred, in relevant part, to facilitate the repurchase of shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”), to fully refinance Allegro's existing term loan facility, and otherwise for general corporate purposes. The new term loan tranche is expected to have a maturity date of October 31, 2030 and to bear interest at an annual rate based on the Secured Overnight Financing Rate (“SOFR”) plus an interest rate margin of 2.25%, which annual rate represents a 0.50% per annum reduction as compared to Allegro's existing term loan facility. The foregoing transactions are subject to market and other conditions, and there can be no assurance as to whether, or when, the transactions may be completed or as to the actual size or terms of the Term Loan.

Allegro MicroSystems Announces Allocation of Increased Term Loan and Refinancing of Existing Term Loan

Allegro MicroSystems, Inc. Enters Its Next Phase as a Public Company with Repurchase of 39 Million Shares Held by Sanken Electric

MANCHESTER, N.H., July 29, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) (“Allegro”), a global leader in power and sensing solutions for motion control and energy-efficient systems, announced today that it has completed the closing of the first of two repurchases for a total of 39 million shares of common stock from Allegro's largest shareholder, Sanken Electric Co., Ltd. (“Sanken”), all of which will be retired.

Allegro MicroSystems, Inc. Enters Its Next Phase as a Public Company with Repurchase of 39 Million Shares Held by Sanken Electric

Allegro MicroSystems Announces Pricing of Primary Offering

MANCHESTER, N.H., July 24, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the pricing of a primary offering of 25,000,000 shares of common stock at a public offering price of $24.00 per share, resulting in gross proceeds of $600,000,000 to Allegro (or $579,000,000 to Allegro after giving effect to the underwriters' discount of $0.84 per share). In addition, Allegro has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Proceeds from the offering, together with cash on hand or additional borrowings under Allegro's term loan facility or revolving credit facility, will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”) at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro. On an as adjusted basis after giving effect to the offering and the share repurchase, Sanken will hold approximately 33.2% (or 32.5% if the underwriters' option to purchase additional shares of Allegro's common stock is exercised in full) of Allegro's outstanding common stock. The offering is expected to close on or about July 26, 2024, subject to the satisfaction of customary closing conditions.

Allegro MicroSystems Announces Pricing of Primary Offering

Allegro MicroSystems Launches Incremental Term Loan

MANCHESTER, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of syndication of an incremental term loan under the Credit Agreement, dated as of June 21, 2023, by and among Allegro, Allegro MicroSystems, LLC, the lenders and the other parties thereto (the "Incremental Term Loan"). Proceeds from the Incremental Term Loan will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”). The foregoing transactions are subject to market and other conditions, and there can be no assurance as to whether, or when, the transactions may be completed or as to the actual size or terms of the Incremental Term Loan.

Allegro MicroSystems Launches Incremental Term Loan

Allegro MicroSystems Launches Primary Offering of Common Stock

MANCHESTER, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced the launch of a primary offering of 25,000,000 shares of common stock. In addition, Allegro expects to grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of its common stock. Proceeds from the offering, together with cash on hand or additional borrowings under Allegro's term loan facility or revolving credit facility, will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co., Ltd. (“Sanken”) at a price per share equal to the price per share at which the underwriters will purchase shares of our common stock in the equity offering from Allegro. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

Allegro MicroSystems Launches Primary Offering of Common Stock

Allegro MicroSystems to Announce First Quarter Fiscal 2025 Financial Results

MANCHESTER, N.H., July 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its first quarter fiscal 2025 prior to the market open on Thursday, August 1, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook.

Allegro MicroSystems to Announce First Quarter Fiscal 2025 Financial Results

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