Allegro Microsystems Inc
ALGM
ISIN US01749D1054 / Valor 57826702
Allegro Microsystems Inc
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About company
Allegro Microsystems Inc is a leading provider of sensing and power semiconductor technologies, specializing in cutting-edge tunneling magnetoresistance (TMR) effect technology and vertical Hall technology (VHT). The company offers superior sensor solutions for the automotive and robotic industries, with a focus on industry-leading accuracy and advanced levels of automation. Allegro has been recognized for its innovative products, such as Current Sensor ICs for traction inverter systems in Battery Electric Vehicles and isolated gate driver ICs for high-power energy conversion systems. With a strong track record of pioneering advances in Hall-effect sensor ICs, Allegro is known for integrating GMR technology on semiconductor wafers to improve reliability and simplify design processes.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (14.08.2024):
Sales Performance
Allegro MicroSystems Inc. reported first quarter 2025 sales of $167 million, which exceeded the midpoint of their outlook. This performance reflects the company's progress in inventory rebalancing across the Automotive and Industrial markets.
Debt Repayment
During the first quarter of 2025, Allegro MicroSystems Inc. made a significant voluntary debt repayment of $50 million. This move is part of the company's ongoing efforts to strengthen its financial position.
Share Repurchase
Allegro MicroSystems Inc. announced the repurchase of 39 million shares from its majority shareholder. This repurchase is seen as a milestone in the company's journey as a public entity, aimed at increasing liquidity and improving governance.
Non-GAAP Earnings
For the first quarter of 2025, Allegro MicroSystems Inc. reported a non-GAAP diluted earnings per share (EPS) of $0.03, which was at the high end of their outlook. This indicates strong financial performance despite market challenges.
Second Quarter Outlook
Looking ahead to the second quarter of fiscal year 2025, Allegro MicroSystems Inc. expects net sales to range between $182 million and $192 million. The company also anticipates non-GAAP diluted EPS to be between $0.04 and $0.08, exclusive of incremental interest costs associated with the recent share repurchase.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4114 M
Market cap (USD)
179,481
Daily traded volume (Shares)
22.38 / 21.85
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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