ALLEGRO MICROSYSTEMS INC (ALGM) Stock News
NASDAQ:ALGM - Nasdaq - US01749D1054 - Common Stock - Currency: USD
ALGM Latest News, Press Relases and Analysis
Bilibili, MARA And ZEEKR Are Among Top 8 Mid-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?
Top mid-cap stocks jumped up to 23.87%. Some reasons include strong gold/silver, better financial results, and market strength.
Deal Dispatch: Clock Ticks On TikTok, Raizen Explores Asset Sale, Investors Urge Walgreens To Go Private
This week's Deal Dispatch has updates on Raizen, Walgreens, TikTok and Canoo. Plus: the FTC is blocking mergers like it's 2017 again.
On Semi Stock Tumbles To 3-Year Lower As Allegro Microsystems Jumps After Rejecting Buyout Offer
On Semi proposed acquiring Allegro for $35.10 per share in cash on Feb. 12, a 31% premium to Allegro’s closing price on Wednesday.
Allegro Confirms Receipt of Unsolicited Proposal from onsemi
Allegro Confirms Receipt of Unsolicited Proposal from onsemi
MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- Allegro (NASDAQ: ALGM) (
Onsemi Discloses Allegro Takeover Offer at $6.9 Billion Value
ON Semiconductor Corp. made its pursuit of Allegro Microsystems Inc. public for the first time on Wednesday by disclosing an unsolicited $6.9 billion bid that includes debt.
Mentions: ON
Allegro MicroSystems (ALGM) Stock Trades Up, Here Is Why
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.
Allegro MicroSystems (ALGM) Stock Trades Up, Here Is Why
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 22.3% in the morning session after Bloomberg reported the company is fielding takeover interests from peer, ON Semiconductor. The sources added that there could be other bidders in the mix too. Most acquisitions close at a premium, raising the possibility that existing investors could exit their positions at a higher price if Allegro strikes a deal with a buyer.
ON Semiconductor Leaves Retail Traders Divided On Buzz Of Allegro Microsystems Buyout
Both ON Semiconductor and Allegro offer semiconductor solutions to the automotive sector. As of Friday's close, ON Semi’s market capitalization stood at $19.8 billion, while Allegro’s stood at $4.1 billion.
Mentions: ON
Allegro Is Said to Draw Takeover Interest from ON Semiconductor
Allegro Microsystems Inc. is drawing takeover interest from larger competitor ON Semiconductor Corp., according to people familiar with the matter.
Mentions: ON
1 Semiconductor Stock with Solid Fundamentals and 2 to Brush Off
Semiconductors are the silicon backbone of the digital revolution. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending. Unfortunately, the market seems to be predicting a downturn as the industry has tumbled by 8.4% over the past six months. This performance is a far cry from the S&P 500’s 6% ascent.
1 Semiconductor Stock with Solid Fundamentals and 2 to Brush Off
Semiconductors are the silicon backbone of the digital revolution. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending. Unfortunately, the market seems to be predicting a downturn as the industry has tumbled by 8.4% over the past six months. This performance is a far cry from the S&P 500’s 6% ascent.
Allegro MicroSystems Appoints Mike Doogue as President and Chief Executive Officer
Allegro MicroSystems Appoints Mike Doogue as President and Chief Executive Officer
MANCHESTER, N.H., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing...
Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4, 2025
Allegro MicroSystems to Present at Morgan Stanley’s Technology, Media & Telecom Conference on March 4, 2025
MANCHESTER, N.H., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing...
Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Directors
Allegro MicroSystems Appoints Dr. Krishna Palepu to its Board of Directors
MANCHESTER, N.H., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM) a global leader in power and sensing...
Allegro MicroSystems’s (NASDAQ:ALGM) Q4 Sales Top Estimates But Stock Drops
Chip designer Allegro MicroSystems (NASDAQ:ALGM) announced better-than-expected revenue in Q4 CY2024, but sales fell by 30.2% year on year to $177.9 million. Guidance for next quarter’s revenue was better than expected at $185 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
Allegro MicroSystems Reports Third Quarter 2025 Results
MANCHESTER, N.H., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro” or the “Company”) (Nasdaq: ALGM), a global leader in power and...
Allegro MicroSystems Reports Third Quarter 2025 Results
Allegro MicroSystems (ALGM) Reports Earnings Tomorrow: What To Expect
Chip designer Allegro MicroSystems (NASDAQ:ALGM) will be announcing earnings results tomorrow before market open. Here’s what you need to know.