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MARKET
ALGM
ALGM
Allegro Microsystems, Inc.
NASDAQ
24.31
-0.39
-1.58%
Pre Market: 24.74 +0.43 +1.77% 08:12 07/26 EDT
OPEN
24.19
PREV CLOSE
24.70
HIGH
25.13
LOW
24.06
VOLUME
2.31K
TURNOVER
0
52 WEEK HIGH
53.05
52 WEEK LOW
23.64
MARKET CAP
4.71B
P/E (TTM)
30.99
1D
5D
1M
3M
1Y
5Y
1D
BUZZ-U.S. STOCKS ON THE MOVE-AbbVie, NYCB, Warner Bros Discovery
Nasdaq and the S&P reversed early losses. Dow and small-cap stocks outperformed. Stronger-than-expected GDP data provided some relief to Wall Street. AbbVie, NYCB, Warner Bros Discovery and LATAM Airlines Group among top gainers.
Reuters · 1d ago
BUZZ-U.S. STOCKS ON THE MOVE-Universal Health Services, Robert Half, Lazard
Wall Street's main indexes were mixed on Thursday. The Dow Jones Industrial Average was up 0.85% at 40,192.32. The top three S&P 500 percentage gainers were LATAM Airlines Group, Bally's and Molina Healthcare. The Nasdaq Composite was down 0.11%.
Reuters · 1d ago
BUZZ-Allegro MicroSystems slips after stock offering priced
Allegro MicroSystems' ALGM.O shares down 0.4% at $24.59 early Thurs after stock offering priced. Sensor integrated circuits provider late Weds announced 25 mln shares at $ 24 for $600 mln gross proceeds. Allegro to use proceeds to repurchase shares from majority shareholder Sanken Electric.
Reuters · 1d ago
Reported Earlier, Allegro MicroSystems Prices $600M Primary Offering Of 25M Common Shares At $24/Share
Proceeds from the offering will be used to repurchase shares from Allegro's majority shareholder, Sanken Electric Co. Ltd. Allegro will use the proceeds to buy back shares from its majority shareholder to pay down debt and pay down borrowings from the company.
Benzinga · 1d ago
Allegro MicroSystems prices $600M shares offering
Seeking Alpha · 1d ago
SANKEN ELECTRIC CO LTD - TO SELL 38,767,315 SHARES OF ALLEGRO MICROSYSTEMS BACK TO ALLEGRO
Reuters · 1d ago
*Allegro MicroSystems: Prices Primary Offering of 25,000,000 Shrs of Common Stk at $24.00 per Shr >ALGM
Dow Jones · 2d ago
ALLEGRO MICROSYSTEMS ANNOUNCES PRICING OF PRIMARY OFFERING
Reuters · 2d ago
About ALGM
Allegro MicroSystems, Inc. is a global designer, developer, fabless manufacturer, and marketer of sensor integrated circuits (ICs) and application-specific analog power ICs. The Company is a supplier of magnetic sensor IC solutions in the automotive market. Its sensor ICs enable its customers to precisely measure motion, speed, position and current, while its power ICs include high-temperature and high-voltage capable motor drivers, power management ICs, light-emitting diode driver ICs and isolated gate drivers. Its diverse product portfolio provides solutions for the electrification of vehicles, automotive advanced driver assistance systems (ADAS) safety features, automation for Industry 4.0 and power saving technologies for data centers and green energy applications. The Company, through its subsidiary, Crocus Technology, Inc. offers advanced Tunnel Magnetoresistance (TMR) sensor technology solutions to designers and manufacturers of industrial, automotive and consumer electronics.
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