Processors and Graphics Chips Stocks Q2 Results: Benchmarking Allegro MicroSystems (NASDAQ:ALGM) [Yahoo! Finance]
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Yahoo! Finance
The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The 9 processors and graphics chips stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 0.9% while next quarter's revenue guidance was 12.9% below. After much suspense, the Federal Reserve cut its policy rate by 50bps (half a percent) in September 2024. This marks the central bank's first easing of monetary policy since 2020 and the end of its most pointed inflation-busting campaign since the 1980s. Inflation had begun to run hot in 2021 post-COVID due to a confluence of factors such as supply chain disrupti
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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