Allegro MicroSystems (ALGM) News Today $19.07 -0.76 (-3.83%) (As of 11/15/2024 ET) Add Compare Share Share Headlines Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends All Sources Trusted Sources MarketBeat.com Benzinga Bloomberg GuruFocus MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha The Street TipRanks The Wall Street Journal Yahoo Finance Source Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Sentiment All Sentiments Very Positive Positive Neutral Negative Very Negative Most Recent November 2024 October 2024 September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 March 2024 February 2024 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022 December 2021 Time Period Allegro MicroSystems, Inc. (NASDAQ:ALGM) Short Interest Up 5.3% in OctoberAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,310,000 shares, a growth of 5.3% from the October 15th total of 11,690,000 shares. Based on an average trading volume of 2,150,000 shares, the short-interest ratio is currently 5.7 days. Approximately 10.1% of the company's stock are short sold.November 17 at 2:06 AM | marketbeat.comAllegro MicroSystems, Cyient expand partnershipNovember 16 at 2:07 PM | markets.businessinsider.comAllegro MicroSystems (NASDAQ:ALGM) Reaches New 1-Year Low - Time to Sell?Allegro MicroSystems (NASDAQ:ALGM) Hits New 52-Week Low - Time to Sell?November 15 at 12:19 PM | marketbeat.comCyient, Allegro MicroSystems Partner to Drive Innovation in Magnetic Sensors & Power Semiconductors for Automotive IndustryNovember 15 at 9:20 AM | prnewswire.comAllegro MicroSystems to Present at Wells Fargo's 8th Annual TMT Summit on December 4, 2024November 15 at 8:00 AM | globenewswire.comAllegro MicroSystems (NASDAQ:ALGM) Research Coverage Started at Loop CapitalNovember 15 at 2:17 AM | americanbankingnews.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Shares Bought by Amalgamated BankAmalgamated Bank raised its stake in Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 99.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,399 shares of the company's stock after purchasing aNovember 13, 2024 | marketbeat.comInvestors Buy High Volume of Allegro MicroSystems Put Options (NASDAQ:ALGM)Allegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 10,001 put options on the company. This is an increase of 318% compared to the typical daily volume of 2,390 put options.November 12, 2024 | marketbeat.comAllegro MicroSystems initiated with a Buy at Loop CapitalNovember 12, 2024 | markets.businessinsider.comAllegro MicroSystems (NASDAQ:ALGM) Now Covered by Analysts at Loop CapitalLoop Capital initiated coverage on shares of Allegro MicroSystems in a research note on Tuesday. They issued a "buy" rating and a $30.00 price target for the company.November 12, 2024 | marketbeat.comAllegro MicroSystems Introduces Advanced Magnetic and Inductive Position Sensing Solutions at Electronica 2024November 12, 2024 | globenewswire.comPrincipal Financial Group Inc. Boosts Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Principal Financial Group Inc. lifted its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 14.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,499,760 shares of the company's stock afteNovember 10, 2024 | marketbeat.comAllegro MicroSystems (NASDAQ:ALGM) Research Coverage Started at Morgan StanleyNovember 10, 2024 | americanbankingnews.com‘Load Up,’ Says UBS About These 2 ‘Strong Buy’ StocksNovember 8, 2024 | finance.yahoo.comAllegro MicroSystems initiated with an Equal Weight at Morgan StanleyNovember 8, 2024 | msn.comMorgan Stanley Initiates Coverage of Allegro MicroSystems (ALGM) with Equal-Weight RecommendationNovember 8, 2024 | msn.comRep. Josh Gottheimer Buys Allegro MicroSystems, Inc. (NASDAQ:ALGM) StockRepresentative Josh Gottheimer (D-New Jersey) recently bought shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Allegro MicroSystems stock on October 17th. The trade occurred inNovember 8, 2024 | marketbeat.comAllegro MicroSystems management to meet virtually with BenchmarkNovember 7, 2024 | markets.businessinsider.comAllegro MicroSystems (NASDAQ:ALGM) Now Covered by Morgan StanleyMorgan Stanley started coverage on shares of Allegro MicroSystems in a research report on Thursday. They set an "equal weight" rating and a $21.00 price objective on the stock.November 7, 2024 | marketbeat.comAllegro MicroSystems announces series of Power productsNovember 6, 2024 | markets.businessinsider.comAllegro MicroSystems (NASDAQ:ALGM) Sets New 1-Year Low - Should You Sell?Allegro MicroSystems (NASDAQ:ALGM) Reaches New 1-Year Low - Here's WhyNovember 5, 2024 | marketbeat.comAllegro MicroSystems Unveils Innovative Power Products for a More Energy Efficient FutureNovember 4, 2024 | globenewswire.comAllegro MicroSystems (NASDAQ:ALGM) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPSAllegro MicroSystems (NASDAQ:ALGM - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The firm had revenue of $187.39 million during the quarter, compared to the consensus estimate of $187.52 million. During the same period in the previous year, the company posted $0.36 earnings per share. The firm's quarterly revenue was down 32.0% on a year-over-year basis.November 3, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Just Released Its Second-Quarter Results And Analysts Are Updating Their EstimatesNovember 3, 2024 | finance.yahoo.comMirae Asset Global Investments Co. Ltd. Lowers Holdings in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 91.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,823 shares of the company's stock after selling 254,November 3, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Given Consensus Rating of "Buy" by BrokeragesAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) has received a consensus rating of "Buy" from the eight brokerages that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price target aNovember 2, 2024 | marketbeat.comAllegro MicroSystems: Strong Chinese Market Rebound and Automotive Sector Growth Drive Buy RatingNovember 2, 2024 | markets.businessinsider.comAllegro Microsystems Inc (ALGM) Q2 2025 Earnings Call Highlights: Strategic Wins and Challenges ...November 2, 2024 | finance.yahoo.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Q2 2025 Earnings Call TranscriptNovember 2, 2024 | msn.comAllspring Global Investments Holdings LLC Has $547,000 Position in Allegro MicroSystems, Inc. (NASDAQ:ALGM)Allspring Global Investments Holdings LLC cut its holdings in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 98.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,480 shares of the company's stockNovember 2, 2024 | marketbeat.comBarclays Lowers Allegro MicroSystems (NASDAQ:ALGM) Price Target to $25.00Barclays reduced their target price on Allegro MicroSystems from $32.00 to $25.00 and set an "overweight" rating for the company in a report on Friday.November 1, 2024 | marketbeat.comOptimistic Buy Rating for Allegro MicroSystems Amidst Inventory Challenges and Strong Chinese Market PresenceNovember 1, 2024 | markets.businessinsider.comPositive Outlook for Allegro MicroSystems Amid Inventory Challenges and Automotive GrowthNovember 1, 2024 | markets.businessinsider.comAllegro MicroSystems sees Q3 EPS 4c-8c, consensus 12cOctober 31, 2024 | markets.businessinsider.comAllegro MicroSystems reports Q2 EPS 8c, consensus 6cOctober 31, 2024 | markets.businessinsider.comAllegro MicroSystems, Inc. (ALGM) Q2 2025 Earnings Call TranscriptOctober 31, 2024 | seekingalpha.comNo Surprises In Allegro MicroSystems’s (NASDAQ:ALGM) Q3 Sales Numbers But Quarterly Guidance MixedOctober 31, 2024 | finance.yahoo.comAllegro MicroSystems (NASDAQ:ALGM) Issues Q3 2025 Earnings GuidanceAllegro MicroSystems (NASDAQ:ALGM) updated its third quarter 2025 earnings guidance. The company provided EPS guidance of 0.040-0.080 for the period, compared to the consensus estimate of 0.120. The company also issued revenue guidance of $170.0 millionillion-$180.0 millionillion, compared to the consensus estimate of $204.7 millionillion.October 31, 2024 | marketbeat.comAllegro MicroSystems Reports Second Quarter 2025 ResultsOctober 31, 2024 | globenewswire.comWhat To Expect From Allegro MicroSystems’s (ALGM) Q3 EarningsOctober 30, 2024 | finance.yahoo.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Sees Large Drop in Short InterestAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 11,690,000 shares, a drop of 10.6% from the September 30th total of 13,080,000 shares. Approximately 9.6% of the company's shares are sold short. Based on an average daily trading volume, of 2,620,000 shares, the days-to-cover ratio is currently 4.5 days.October 29, 2024 | marketbeat.comAllegro MicroSystems (ALGM) Scheduled to Post Quarterly Earnings on ThursdayAllegro MicroSystems (NASDAQ:ALGM) will be releasing earnings before the market opens on Thursday, October 31, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=634575)October 24, 2024 | marketbeat.comAllegro MicroSystems (NASDAQ:ALGM) Trading Up 3.5% - Here's What HappenedAllegro MicroSystems (NASDAQ:ALGM) Trading 3.5% Higher - Here's WhyOctober 23, 2024 | marketbeat.comAllegro MicroSystems (NASDAQ:ALGM) Sets New 52-Week Low - Time to Sell?Allegro MicroSystems (NASDAQ:ALGM) Hits New 1-Year Low - Time to Sell?October 21, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Short Interest UpdateAllegro MicroSystems, Inc. (NASDAQ:ALGM - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 13,080,000 shares, an increase of 27.2% from the September 15th total of 10,280,000 shares. Based on an average daily trading volume, of 2,660,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 10.7% of the company's stock are sold short.October 13, 2024 | marketbeat.comAllegro MicroSystems, Inc. (NASDAQ:ALGM) Shares Sold by AQR Capital Management LLCAQR Capital Management LLC cut its position in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM - Free Report) by 58.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,055 shares of the company's stock aftOctober 12, 2024 | marketbeat.comAllegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial ResultsOctober 10, 2024 | globenewswire.comJPMorgan Chase & Co's Strategic Acquisition in Allegro Microsystems IncOctober 9, 2024 | gurufocus.comAllegro Microsystems (NASDAQ:ALGM) Stock, Guidance And ForecastOctober 5, 2024 | benzinga.comProcessors and Graphics Chips Stocks Q2 Results: Benchmarking Allegro MicroSystems (NASDAQ:ALGM)October 4, 2024 | theglobeandmail.com Get Allegro MicroSystems News Delivered to You Automatically Sign up to receive the latest news and ratings for ALGM and its competitors with MarketBeat's FREE daily newsletter. Email Address Unveiled: NVIDIA’s "Secret Royalty" Program (Ad)Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Click Here to learn how to get in now >>> ALGM Media Mentions By Week ALGM Media Sentiment Learn about the media sentiment score. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. ALGM News Sentiment▼0.440.58▲Average Computer and Technology News Sentiment ALGM News Coverage Learn about the media coverage comparison. We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. ALGM Articles This Week▼165▲ALGM Articles Average Week Get Allegro MicroSystems News Delivered to You Automatically Sign up to receive the latest news and ratings for ALGM and its competitors with MarketBeat's FREE daily newsletter. Email Address Related Companies and Tools Related Companies Semtech News Today Power Integrations News Today Diodes News Today Amkor Technology News Today SunPower News Today Astera Labs News Today Flex News Today Leonardo DRS News Today Universal Display News Today Credo Technology Group News Today Headlines Tools Trending Media MentionsHigh Media Sentiment StocksLive News FeedMarketBeat OriginalsStock Ideas This page (NASDAQ:ALGM) was last updated on 11/17/2024 by MarketBeat.com Staff From Our PartnersBill Gates’s Next Big AI Bet: StargateIn February 2016… when almost nobody was talking about artificial intelligence…. 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