Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Initiation
Allegro MicroSystems initiated with a Buy at Jefferies » 07:50
11/23/20
11/23
07:50
11/23/20
07:50
ALGM

Allegro MicroSystems

$22.77 /

+0.13 (+0.57%)

Jefferies analyst Mark…

Jefferies analyst Mark Lipacis initiated coverage of Allegro MicroSystems with a Buy rating and $28 price target. The company is the market leader with an 18% share for magnetic ICs, which measure position and rotation with a high degree of accuracy, noted Lipacis. He expects the company to benefit from both secular and cyclical trends given its magnetic IC leadership position and 70% exposure to Autos, he added.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

11/23/20 Credit Suisse
Allegro MicroSystems initiated with an Outperform at Credit Suisse
11/23/20 Mizuho
Allegro MicroSystems initiated with a Buy at Mizuho
11/23/20 Needham
Allegro MicroSystems initiated with a Buy at Needham
11/23/20 SMBC Nikko
Allegro MicroSystems initiated with an Outperform at SMBC Nikko
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

  • 29
    Oct
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

Initiation
Allegro MicroSystems initiated with an Outperform at Credit Suisse » 07:40
11/23/20
11/23
07:40
11/23/20
07:40
ALGM

Allegro MicroSystems

$22.77 /

+0.13 (+0.57%)

Credit Suisse analyst…

Credit Suisse analyst John Pitzer initiated coverage of Allegro MicroSystems with an Outperform rating and $27 price target. The analyst cites long duration end markets in Auto/Industrial, accelerating content in Auto, strong cyclical recovery in Autos, accelerating Power ASICs in Datacenter, and margin leverage.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

11/23/20 Mizuho
Allegro MicroSystems initiated with a Buy at Mizuho
11/23/20 Needham
Allegro MicroSystems initiated with a Buy at Needham
11/23/20 SMBC Nikko
Allegro MicroSystems initiated with an Outperform at SMBC Nikko
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

  • 29
    Oct
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

Initiation
Allegro MicroSystems initiated with a Buy at Mizuho » 06:42
11/23/20
11/23
06:42
11/23/20
06:42
ALGM

Allegro MicroSystems

$22.77 /

+0.13 (+0.57%)

Mizuho analyst Vijay…

Mizuho analyst Vijay Rakesh initiated coverage of Allegro MicroSystems with a Buy rating and $28 price target. The analyst believes Allegro is leading the early stages of a "multi-decade transformation" in sensing, automotive electrification, and power distribution. He sees "substantial upside" from its "industry leadership" in magnetic sensors.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

11/23/20 Needham
Allegro MicroSystems initiated with a Buy at Needham
11/23/20 SMBC Nikko
Allegro MicroSystems initiated with an Outperform at SMBC Nikko
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

  • 29
    Oct
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

Initiation
Allegro MicroSystems initiated with a Buy at Needham » 05:29
11/23/20
11/23
05:29
11/23/20
05:29
ALGM

Allegro MicroSystems

$22.77 /

+0.13 (+0.57%)

Needham analyst N. Quinn…

Needham analyst N. Quinn Bolton initiated coverage of Allegro MicroSystems with a Buy rating and $27 price target. As the market leader in magnetic sensors, Allegro's dollar content in auto is expected to increase driven by adoption of advanced driver-assistance systems and electric vehicles, Bolton tells investors in a research note. The analyst believes Allegro's exposure to "these long-lived, stickier markets" gives the company greater stability and visibility into its outlook.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

11/23/20 SMBC Nikko
Allegro MicroSystems initiated with an Outperform at SMBC Nikko
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

  • 29
    Oct
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

Initiation
Allegro MicroSystems initiated with an Outperform at SMBC Nikko » 05:04
11/23/20
11/23
05:04
11/23/20
05:04
ALGM

Allegro MicroSystems

$22.77 /

+0.13 (+0.57%)

SMBC Nikko initiated…

SMBC Nikko initiated coverage of Allegro MicroSystems with an Outperform rating and $30 price target.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

  • 29
    Oct
ALGM Allegro MicroSystems
$22.77 /

+0.13 (+0.57%)

Earnings
Allegro MicroSystems sees Q3 revenue $147M-$151M » 08:30
11/19/20
11/19
08:30
11/19/20
08:30
ALGM

Allegro MicroSystems

$21.54 /

-0.255 (-1.17%)

For the third fiscal…

For the third fiscal quarter ending December 25, 2020, the Company expects total net sales to be in the range of $147M to $151M, with both the Automotive and Industrial businesses growing from the second fiscal quarter. Non-GAAP gross margin is expected to be in the range of 50% - 51%, and non-GAAP earnings per fully-diluted share for the same period is expected to be in the range of 11c to 12c. This guidance is based on an estimated approximate 189.4 million fully-diluted shares outstanding.

ShowHide Related Items >><<
ALGM Allegro MicroSystems
$21.54 /

-0.255 (-1.17%)

  • 29
    Oct
ALGM Allegro MicroSystems
$21.54 /

-0.255 (-1.17%)

Earnings
Allegro MicroSystems reports Q2 EPS 96c vs. $1.16 last year » 08:29
11/19/20
11/19
08:29
11/19/20
08:29
ALGM

Allegro MicroSystems

$21.54 /

-0.255 (-1.17%)

Reports Q2 revenue…

Reports Q2 revenue $136.6M vs. $163.2M last year. "Our business turned a corner in the second fiscal quarter, rebounding off the lows related to the pandemic and showing a quick recovery in our key markets in automotive and industrial where we believe we continue to gain market share," said Ravi Vig, President and CEO of Allegro MicroSystems. "While uncertainty remains, we have our eye on our long-term opportunities and believe we are in the sweet spot of the convergence of growth trends in automotive, Industry 4.0, data center and green energy, positioning us to take full advantage of a market recovery."

ShowHide Related Items >><<
  • 29
    Oct
ALGM Allegro MicroSystems
$21.54 /

-0.255 (-1.17%)

Over a month ago
On The Fly
Opening Day: MediaAlpha jumps 64%, Root falls flat in debut » 07:09
11/01/20
11/01
07:09
11/01/20
07:09
LU

Lufax

$12.85 /

+ (+0.00%)

, LMND

Lemonade

$50.02 /

+3.07 (+6.54%)

, DCT

Duck Creek Technologies

$42.95 /

-0.63 (-1.45%)

, AVIR

Atea Pharmaceuticals

$30.50 /

+ (+0.00%)

, SQZ

SQZ Biotechnologies

$13.24 /

+ (+0.00%)

, LESL

Leslie's

$21.92 /

+0.385 (+1.79%)

, ALGM

Allegro MicroSystems

$18.05 /

+0.43 (+2.44%)

, GLTO

Galecto

$15.00 /

+0.1 (+0.67%)

, BDSX

Biodesix

$13.49 /

+0.64 (+4.98%)

, ROOT

Root

$23.99 /

-1.825 (-7.07%)

, MAX

MediaAlpha

$33.88 /

+0.13 (+0.39%)

, GATO

Gatos Silver

$6.64 /

+0.075 (+1.14%)

, CONX

Conx

$0.00 /

+ (+0.00%)

, NBA

New Beginnings Acquisition

$0.00 /

+ (+0.00%)

, DSAC

Duddell Street Acquisition

$0.00 /

+ (+0.00%)

, AJAX

Ajax I

$0.00 /

+ (+0.00%)

, LUXA

Lux Health Tech Acquisition

$0.00 /

+ (+0.00%)

, AIRB

Use ABNB

$0.00 /

+ (+0.00%)

, CMPX

Compass Therapeutics

$0.00 /

+ (+0.00%)

, HOMS

Caliber Home Loans

$0.00 /

+ (+0.00%)

, WTM

White Mountains

$910.00 /

-2.38 (-0.26%)

MediaAlpha soared more…

ShowHide Related Items >><<
WTM White Mountains
$910.00 /

-2.38 (-0.26%)

LMND Lemonade
$50.02 /

+3.07 (+6.54%)

AIRB Use ABNB
$0.00 /

+ (+0.00%)

LU Lufax
$12.85 /

+ (+0.00%)

LMND Lemonade
$50.02 /

+3.07 (+6.54%)

10/15/20
Fly Intel: Pre-market Movers
10/15/20 Credit Suisse
Lemonade initiated with an Underperform at Credit Suisse
08/14/20 Morgan Stanley
Lemonade price target lowered to $70 from $91 at Morgan Stanley
07/27/20
Fly Intel: Top five analyst initiations
DCT Duck Creek Technologies
$42.95 /

-0.63 (-1.45%)

10/21/20 RBC Capital
Duck Creek Technologies price target raised to $51 from $45 at RBC Capital
10/21/20 Barclays
Duck Creek Technologies price target raised to $48 from $43 at Barclays
09/08/20 DA Davidson
Duck Creek Technologies initiated with a Buy at DA Davidson
09/08/20 Needham
Duck Creek Technologies initiated with a Buy at Needham
AVIR Atea Pharmaceuticals
$30.50 /

+ (+0.00%)

SQZ SQZ Biotechnologies
$13.24 /

+ (+0.00%)

LESL Leslie's
$21.92 /

+0.385 (+1.79%)

ALGM Allegro MicroSystems
$18.05 /

+0.43 (+2.44%)

GLTO Galecto
$15.00 /

+0.1 (+0.67%)

BDSX Biodesix
$13.49 /

+0.64 (+4.98%)

ROOT Root
$23.99 /

-1.825 (-7.07%)

MAX MediaAlpha
$33.88 /

+0.13 (+0.39%)

GATO Gatos Silver
$6.64 /

+0.075 (+1.14%)

CONX Conx
$0.00 /

+ (+0.00%)

NBA New Beginnings Acquisition
$0.00 /

+ (+0.00%)

DSAC Duddell Street Acquisition
$0.00 /

+ (+0.00%)

AJAX Ajax I
$0.00 /

+ (+0.00%)

LUXA Lux Health Tech Acquisition
$0.00 /

+ (+0.00%)

AIRB Use ABNB
$0.00 /

+ (+0.00%)

CMPX Compass Therapeutics
$0.00 /

+ (+0.00%)

HOMS Caliber Home Loans
$0.00 /

+ (+0.00%)

WTM White Mountains
$910.00 /

-2.38 (-0.26%)

LMND Lemonade
$50.02 /

+3.07 (+6.54%)

DCT Duck Creek Technologies
$42.95 /

-0.63 (-1.45%)

  • 28
    Oct
  • 30
    Oct
  • 30
    Oct
  • 29
    Oct
  • 29
    Oct
  • 29
    Oct
  • 30
    Oct
  • 29
    Oct
  • 28
    Oct
  • 28
    Oct
  • 28
    Oct
  • 14
    Aug
  • 02
    Jul
AIRB Use ABNB
$0.00 /

+ (+0.00%)

LMND Lemonade
$50.02 /

+3.07 (+6.54%)

LESL Leslie's
$21.92 /

+0.385 (+1.79%)

DCT Duck Creek Technologies
$42.95 /

-0.63 (-1.45%)

AIRB Use ABNB
$0.00 /

+ (+0.00%)

LMND Lemonade
$50.02 /

+3.07 (+6.54%)

DCT Duck Creek Technologies
$42.95 /

-0.63 (-1.45%)

Syndicate
Allegro MicroSystems opens at $19.40, IPO priced at $14  11:44
10/29/20
10/29
11:44
10/29/20
11:44
ALGM

Allegro MicroSystems

$0.00 /

+ (+0.00%)

 
ShowHide Related Items >><<
  • 29
    Oct
Syndicate
Allegro MicroSystems indicated to open at $17, IPO priced at $14 » 10:28
10/29/20
10/29
10:28
10/29/20
10:28
ALGM

Allegro MicroSystems

$0.00 /

+ (+0.00%)

Allegro MicroSystems…

Allegro MicroSystems (ALGM) priced 25M shares at $14.00. The deal range was $12.00-$14.00. Barclays, Credit Suisse, Wells Fargo, Jefferies, Mizuho, Needham and SMBC Nikko acted as joint book running managers for the offering.

ShowHide Related Items >><<
  • 29
    Oct

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.