Allegro MicroSystems, Inc.: Improving Governance And Value After Repurchase [Seeking Alpha]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Seeking Alpha
Play 11min Summary Allegro MicroSystems is a hold as it aims to improve governance and EPS through share repurchases and strategic capital investments in power and sensor ICs. The company reduced Sanken Electric's stake to 32.5%, enhancing governance and shareholder value while planning further share buybacks. Allegro introduced innovative current sensors and acquired Crocus Technology, boosting its magnetic sensor capabilities despite short-term revenue and production declines. The forward PE ratio of 63.84X suggests potential downside before stabilizing post-share retirement and Crocus acquisition integration. praetorianphoto Power and sensor solutions leader, Allegro MicroSystems, Inc. ( NASDAQ: ALGM announced the repurchasing of shares from its majority shareholder, Sanken Electric Co. after offloading 25 million shares through a public offering. In its own words, the company stated that it was This article was written by Stella Mwende 1.9K Follower s Foll
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ALGM
News
- Allegro MicroSystems, Inc. (NASDAQ: ALGM) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $23.00 price target on the stock.MarketBeat
- Allegro MicroSystems Wins Embedded Computing Design's Electronica 2024: Best-In-Show Award [Yahoo! Finance]Yahoo! Finance
- Allegro MicroSystems Wins Embedded Computing Design’s Electronica 2024: Best-In-Show Award GlobeNewswire
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive Industry [Yahoo! Finance]Yahoo! Finance
- Cyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive IndustryPR Newswire
ALGM
Earnings
- 10/31/24 - Beat
ALGM
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/12/24 - Form SC
- ALGM's page on the SEC website