ALLEGRO MICROSYSTEMS, INC.
No SEC Form 4 filings for $ALGM in the last 30 days.
See all $ALGM insider activity →Shares of Marvell (MRVL), Kulicke and Soffa (KLIC), Vishay (VSH), Allegro (ALGM), and Amkor (AMKR) fell 1.1% to 2.7% after China's ChangXin Memory announced faster DDR5 memory plans. Broadcom's CEO also cautioned on AI investment expectations, impacting semiconductor stocks.
Qualcomm (QCOM) reported $9.95B revenue, down 4% YoY but beating estimates. Broadcom (AVGO) reported $29.59B revenue, up 85.5% YoY, meeting expectations. Allegro MicroSystems (ALGM) reported $259.2M revenue, up 27.5% YoY, exceeding estimates. All stocks reacted differently post-earnings.
Allegro MicroSystems (ALGM) shares rose 8.7% to $39.53 on high volume, driven by growth in data center and automotive sectors. The company expects Q1 FY2027 earnings of $0.25 per share, up 92.3% YoY, and revenue of $271.21M, up 26.6% YoY. AXTI, another semiconductor stock, gained 5% to $85.87, with a 45.6% monthly return.
Over the past 7 days, AlphAI's AI scored 1 news story mentioning ALGM (ALLEGRO MICROSYSTEMS, INC.). Coverage has skewed bearish: 0 bullish, 0 neutral, and 1 bearish.
Recent ALGM coverage spans earnings, market movers and financial news.
Sector beta dominates, with downside bias if the memory-supply narrative keeps worsening sentiment.
Earnings beat but share price fell, indicating broader market weakness.
The stock is likely to face continued buying pressure if the growth narrative holds, especially ahead of the upcoming earnings release.
New analyst coverage adds upside potential.
RBC Capital initiated coverage of Allegro Microsystems with an Outperform rating and $50 price target, implying 37.4% upside from the Oct 1 close. The firm expects 20% revenue growth and improved margins due to EV content expansion and sensor demand. Allegro's proprietary technologies are gaining traction in key markets.
AlphAI scores every news story that mentions ALGM with an AI model for sentiment and relevance, and aggregates insider trades from ALLEGRO MICROSYSTEMS, INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Shares of Marvell (MRVL), Kulicke and Soffa (KLIC), Vishay (VSH), Allegro (ALGM), and Amkor (AMKR) fell 1.1% to 2.7% after China's ChangXin Memory announced faster DDR5 memory plans. Broadcom's CEO also cautioned on AI investment expectations, impacting semiconductor stocks.
6 min readQualcomm (QCOM) reported $9.95B revenue, down 4% YoY but beating estimates. Broadcom (AVGO) reported $29.59B revenue, up 85.5% YoY, meeting expectations. Allegro MicroSystems (ALGM) reported $259.2M revenue, up 27.5% YoY, exceeding estimates. All stocks reacted differently post-earnings.
2 min readAllegro MicroSystems (ALGM) shares rose 8.7% to $39.53 on high volume, driven by growth in data center and automotive sectors. The company expects Q1 FY2027 earnings of $0.25 per share, up 92.3% YoY, and revenue of $271.21M, up 26.6% YoY. AXTI, another semiconductor stock, gained 5% to $85.87, with a 45.6% monthly return.
2 min readTesla (TSLA) rose 5% after Q3 deliveries exceeded expectations. Broadcom (AVGO) gained 3% on a $42B loan deal with Anthropic. Nike (NKE) fell 6% due to missed revenue and China sales decline. ON Semiconductor (ON) and Synaptics (SYNA) surged on a revised buyout offer. Other movers include Nexalin, Vylor, Seagate (STX), Western Digital (WDC), Allegro (ALG), Arxis (ARXS), and Onto Innovation (ONTO).
3 min readRBC Capital initiated coverage of Allegro Microsystems with an Outperform rating and $50 price target, implying 37.4% upside from the Oct 1 close. The firm expects 20% revenue growth and improved margins due to EV content expansion and sensor demand. Allegro's proprietary technologies are gaining traction in key markets.
1 min readRBC initiated coverage of Allegro Microsystems (ALGM) and Onto Innovation (ONTO) with Outperform ratings and price targets of $50 and $400, respectively. ALGM is recognized for its leadership in magnetic sensing ICs and strong growth prospects, while ONTO is noted for its position in wafer fab equipment and process control needs. Both companies are seen as attractively valued.
1 min readAnalysts made several calls: Wells Fargo initiated Blackrock (BLK) as overweight, citing its industry leadership. KeyBanc upgraded Airbnb (ABNB) to overweight, highlighting growth and AI benefits. Morgan Stanley named Nvidia (NVDA) a top pick, praising its recent developments. RBC upgraded Arxis (ARXS) to outperform, noting M&A upside. Piper Sandler upgraded Alerus Financial (ALRS) to overweight, expecting EPS upside.
3 min readLattice Semiconductor (LSCC) reported Q2 revenue of $201.1M, up 62.2% YoY, beating estimates by 8.6%. Intel (INTC) reported $16.13B in revenue, up 25.4% YoY, exceeding expectations by 11.7%. Qualcomm (QCOM) saw a 4% YoY revenue decline to $9.95B but beat estimates by 3%. Nvidia (NVDA) reported $96.22B in revenue, up 106% YoY, surpassing expectations by 4.2%. Allegro MicroSystems (ALGM) reported $259.2M in revenue, up 27.5% YoY, beating estimates by 3.1%.
2 min readBroadcom (AVGO) stock rose 15.8% to $116.05 after Q2 earnings. Qualcomm (QCOM) reported $9.95B revenue, down 4% YoY, with stock up 20.6% to $187.79. Allegro MicroSystems (ALGM) saw 27.5% revenue growth but stock fell 12.3% to $37.02. Qorvo (QRVO) reported $784.8M revenue, down 4.2% YoY, with stock up 27.2% to $116.70. Market focus shifted from AI to geopolitics and back to fundamentals.
2 min readBenzinga reports unusual options activity in IT stocks. NVIDIA (NVDA) saw a bearish call sweep at $230 strike, Intel (INTC) a bullish call at $125, and Algorithmic (ALGM) a bullish call at $35. Other notable trades include bearish sweeps on Taiwan Semiconductor (TSM) and Micron (MU), and bullish sweeps on Nokia (NOK) and Dell (DELL).
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