Allegro MicroSystems (ALGM) is slated to release third-quarter fiscal 2024 results on Feb 1.For the fiscal third quarter, revenues are expected in the range of $250-$260 million.Non-GAAP earnings are anticipated between 27 cents and 31 cents per share.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $255 million, suggesting 2.5% growth from the figure reported in the year-ago quarter. The consensus mark for earnings has been steady at 29 cents per share in the past 30 days, sugges ...

The overall earnings for the semiconductor industry this earnings season is expected to be better than the year-ago quarter. After a challenging period marked by economic headwinds and disruptions in the supply chain, semiconductor stocks appear to be on the brink of a significant comeback, fueled by a steady increase in sales.The semiconductor market grappled with challenges arising from pandemic-induced disruptions in the supply chain and the Federal Reserve's stringent monetary policies, which subdued de ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Allegro MicroSystems, Inc. (ALGM) .Allegro MicroSystems, Inc. cur ...

The latest trading session saw Allegro MicroSystems, Inc. (ALGM) ending at $28.19, denoting a +0.43% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.22% for the day. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.32%.Shares of the company witnessed a loss of 9.16% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 3.64% and the S&P 500's gain of 1. ...

Silicon carbide stocks have emerged as a driving force behind the silicon carbide (SiC) revolution. As demand for high performance semiconductors accelerates, these superstar stocks have positioned themselves for decades of growth. Silicon carbide, known for its exceptional reliability, power density and high thermal conductivity, is becoming increasingly important in the energy storage, electronics and electric vehicle (EV) markets. The global silicon carbide market should reach more than $8 billion by 203 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Allegro MicroSystems, Inc. (ALGM) , which belongs to the Zacks Electronics - Semiconductors industry, could be a great candidate to consider.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.76%.For the last rep ...

In the latest trading session, Allegro MicroSystems, Inc. (ALGM) closed at $26.89, marking a -0.33% move from the previous day. This move lagged the S&P 500's daily loss of 0.07%.The company's shares have seen a decrease of 7.86% over the last month, not keeping up with the Computer and Technology sector's gain of 2.5% and the S&P 500's gain of 3.98%.The investment community will be paying close attention to the earnings performance of Allegro MicroSystems, Inc. in its upcoming release. In that report, anal ...

MANCHESTER, N.H., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal year 2024 prior to the market open on Thursday, February 1, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook. A ...

MANCHESTER, N.H., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (NASDAQ:ALGM) today announced it plans to release financial results for its third quarter fiscal year 2024 prior to the market open on Thursday, February 1, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D'Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company's results and business outlook. An ...

MANCHESTER, NH, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. ("Allegro") (NASDAQ:ALGM), a global leader in power and sensing solutions for motion control and energy efficient systems, today announced the launch of the second product in its High Voltage Power portfolio. Allegro's AHV85111 isolated gate-driver IC adds critical safety features while simplifying the design of high-power energy conversion systems for e-Mobility and clean energy applications, including OBC/DCDC, solar inverter and ...