Allegro MicroSystems, Inc. (ALGM) Report Analysis
Corporate Events
Allegro MicroSystems, Inc. Announces New Position Sensors for ADAS Applications
2022-06-27 12:30:00
Allegro MicroSystems, Inc. announced the launch of its A33110 and A33115 magnetic position sensors at the Sensors Converge Conference in San Jose, CA. Designed for advanced driver assistance systems (ADAS) applications that require high levels of accuracy and heterogeneous signal redundancy, Allegro’s newest sensors combine the company’s vertical Hall technology (VHT) with cutting-edge tunneling magnetoresistance (TMR) technology in a single sensor package. These angle sensors are the first of their kind to feature this technology combination in a single package. This VHT + TMR offering is a superior heterogeneous redundant sensor solution and is an essential step toward enabling the reliability required for advanced levels of automation in vehicles. Future automated and autonomous vehicles require advanced electric power steering (EPS) systems with precise motor control capabilities, as well as brake-by-wire or electromechanical braking systems with fast response time. Present-day systems commonly use giant magnetoresistance (GMR) or Hall-effect sensors. Compared to the GMR equivalents, Allegro’s innovative TMR-on-silicon technology offers improved resolution and accuracy, providing up to eight times greater sensitivity. Measured against traditional Hall-effect sensors, the improvement in resolution is even more pronounced. The safe operation of a vehicle requires the higher level of diagnostic coverage in its safety-critical systems. Allegro’s VHT featured in the new A33110 and A33115 enables accurate safety checks, including low-field and missing-magnet detection. These high-resolution sensors are ASIL D-compliant, with heterogeneous redundancy reducing the likelihood of dependent failures by leveraging the best of both TMR technology and VHT. Allegro’s A33110 and A33115 sensors provide magnetic angle sensing via both the primary (TMR) and secondary (vertical Hall) transducers, each of which are processed by two independent channels, each with independent regulators and temperature sensors. This unique configuration enables the high levels of safety and diagnostic coverage needed for automated driving, including on-chip channel-to-channel angle comparison and independent processing in digital signal paths, with no shared digital resources. Advanced algorithms in the A33110 and A33115 deliver the fast response time, independent gain/offset correction, angle calculation, and linearization capabilities demanded by safety-critical ADAS applications. The A33115 also includes a turns counter that tracks motion in 90-degree increments and a low-power mode with a user-programmable duty cycle that reduces power consumption when the IC is in a key-off position. Allegro MicroSystems ships more than 200 million units into ADAS applications annually, serving a global and diverse customer base. The A33110 and A33115 are the latest in Allegro’s portfolio of innovations for ADAS applications and were developed in close collaboration with key market-leading OEM and Tier 1 customers.
Allegro MicroSystems, Inc.(NasdaqGS:ALGM) added to Russell 1000 Growth-Defensive Index
2022-06-24 00:00:00
Allegro MicroSystems, Inc.(NasdaqGS:ALGM) added to Russell 1000 Growth-Defensive Index
Allegro MicroSystems, Inc.(NasdaqGS:ALGM) added to Russell 1000 Defensive Index
2022-06-24 00:00:00
Allegro MicroSystems, Inc.(NasdaqGS:ALGM) added to Russell 1000 Defensive Index
Allegro Microsystems, Inc. Announces Executive Changes
2022-06-21 20:55:00
On June 16, 2022, Noriharu Fujita notified the Board of Allegro MicroSystems, Inc. of his decision to resign from the Board, effective June 20, 2022. Mr. Fujita’s resignation is not the result of any disagreement between Mr. Fujita and the Company or its management on any matter relating to the Company’s operations, policies or practices. On June 20, 2022, at the recommendation of the Nominating and Corporate Governance Committee and in accordance with the Amended and Restated Stockholders Agreement, the Board took the following actions, each of which was effective June 20, 2022: (i) increased the size of the Board from ten to 11 directors; (ii) elected Katsumi Kawashima to the Board as Mr. Fujita’s successor as a Class I Director, to serve until the Company’s 2024 annual meeting of shareholders and until his successor is duly elected and qualified; and (iii) elected Kojiro Hatano to the Board as a Class II Director, to serve until the Company’s 2022 annual meeting of shareholders and until his successor is duly elected and qualified. Messrs. Kawashima and Hatano were elected to the Board as designees of Sanken pursuant to and as set forth in Section 1(b) of the Amended and Restated Stockholders Agreement. See Item 1.01 for additional information regarding the Amended and Restated Stockholders Agreement. Mr. Hatano has served as Manager of Business Performance for the Company since January 2006. During fiscal year 2022 he received compensation, consisting of salary, benefits and reimbursement of living expenses of approximately $206,000 from the Company. This amount was partially reimbursed to the Company by Sanken. In addition to his role with the Company, Mr. Hatano has had roles with Sanken and Polar Semiconductor, LLC (“PSL”), an entity owned by the Company and Sanken. Mr. Hatano has served as General Manager of U.S. Business Enhancement for Sanken since April 2022. He was recently named Chairman and Chief Executive Officer of PSL, effective May 24, 2022. In addition, since May 2021, Mr. Hatano has served as a member of the board of directors of PSL, and he has served on the board of directors of Sanken Electric Europe Limited since March 2020.
Allegro MicroSystems, Inc. (NasdaqGS:ALGM) entered into an agreement to acquire Heyday Integrated Circuits for $19 million.
2022-05-31 00:00:00
Allegro MicroSystems, Inc. (NasdaqGS:ALGM) entered into an agreement to acquire Heyday Integrated Circuits for $19 million on May 31, 2022. Consideration for the acquisition of Heyday subject to customary purchase price adjustments. The Heyday acquisition will complement Allegro’s existing solutions for energy efficiency, including its market-leading current sensor solutions. Additionally, it is expected to significantly expand Allegro’s addressable market for electric vehicles (xEV), solar inverters, datacenter and 5G power supplies, and broad-market industrial applications. The acquisition is expected to close in the third quarter of calendar year 2022, subject to customary closing conditions and required regulatory approvals. Alexander Crosthwaite of Latham & Watkins LLP (Paris) acted as legal advisor to Allegro MicroSystems, Inc.
Allegro MicroSystems, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 03:20 PM
2022-05-27 13:53:00
Allegro MicroSystems, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-01-2022 03:20 PM. Venue: New York City, New York, United States. Speakers: Derek P. D'Antilio, Senior VP, CFO & Treasurer, Ravi Vig, President, CEO & Director.
Allegro MicroSystems, Inc. Expands Portfolio of Three-Phase Sensorless BLDC Gate Drivers for Data Center Cooling Systems
2022-05-25 12:45:00
Allegro MicroSystems, Inc. announced it has expanded its portfolio of three-phase sensorless BLDC gate drivers. Its newest offerings, the A89332 and A89332-1, are designed to meet the evolving needs of cooling systems in today’s data centers offering flexible options for designers. Available with innovative integrated power loss brake (A89332) and AC-loss (A89332-1) features, these drivers enable compact, high-airflow fan designs to improve thermal efficiency, reducing energy use and data center costs. When server fans malfunction or break, backflow causes them to go into reverse rotation. The other fans have to work harder to compensate for the resulting airflow, which increases power consumption. The traditional solution to preventing reverse rotation is adding external circuitry and components to function as the power loss brake—components that do not fit into 1U fans. This approach requires software coding, increases bill of material (BoM) size, and increases time to market. Addressing these pain points, the A89332’s integrated power loss brake (PLB) function applies a brake to fans that aren’t working properly and stops them from spinning, with braking performance that’s four times better than discrete implementations. This eliminates unnecessary power consumption and increases thermal efficiency, ultimately reducing data center costs. When combined with the A89332-1’s AC loss logic, Allegro is now able to serve the high-end server market with the industry’s smallest gate driver, offered in a 4mm x 4mm QFN package that’s 36% smaller than comparable options—perfect for “donut” circuit boards. Allegro offers the industry’s only code-free solutions for server cooling fans; the company’s innovative embedded algorithms and graphical user interface (GUI) eliminate the need for an additional Hall-effect position sensor and motor control unit (MCU), and no additional software development is required. This helps system designers reduce R&D overhead, simplify motor tuning, and improve time to market. The reduced need for external components further helps optimize system cost and improve reliability, and integrated functionality gives customers increased flexibility when faced with tight design requirements. Both gate drivers build on Allegro’s history and experience developing unique motor control devices for the automotive and industrial markets. With more than three billion shipped in the last decade, the company’s trusted and reliable motor drivers have helped manufacturers innovate safer, more robust motor-drive solutions with increased reliability. They can be found across automotive, industrial, and consumer applications in products ranging from electric vehicles to cordless power tools to vacuum cleaners. Both devices are available in a 26-contact 4mm × 4mm QFN package with exposed thermal pad (suffix EX). These packages are lead (Pb) free, with 100% matte-tin leadframe plating. For product pricing and samples, contact an Allegro sales office or authorized distributor.
Allegro MicroSystems, Inc. Announces 4X4mm 50 V Full-Bridge Gate Drivers for Automotive and Industrial Applications
2022-05-17 12:30:00
Allegro MicroSystems, Inc. announced two new full-bridge gate drivers for automotive and industrial applications. Available with direct control and pulse-width modulation (A89506) options, these devices up-integrate critical features to make system design easier, replacing mechanical relays with solid-state drivers to improve performance and reliability. With built-in capabilities including flexible interface logic, EMI mitigation with programmable gate drive, motor current feedback and multiple diagnostic features, these devices require very few external components and are available in a 4x4 mm QFN package, 36% smaller than comparable 5x5 mm devices. The A89505 and A89506 are ideal for vehicle applications such as window and door actuators, EV charger locks, electronic parking brakes, and folding mirrors. Their solid-state design also makes them ideal for battery-powered applications that incorporate brushed DC motors such as building automation and robotics, improving reliability and battery life while facilitating smaller design footprints. Both drivers include built-in current sensing capabilities, eliminating the need for external current sense resistors and reducing external component requirements to as few as seven. Integrated diagnostics further obviate the need for additional microprocessor programming and addition circuitry. Designers can fit the functionality they need into smaller system footprints, reducing bills of materials and printed circuit board sizes while increasing performance and improving the consumer experience. The A89505 and A89506 build on Allegro’s decades of motor control expertise. Both are capable of 50V absolute maximum supply voltages and offer higher gate drive voltage at low VBB and better efficiency when running on battery power, allowing designers to specify lower-cost FETs. They even enable lower current draw in standby states to reduce total battery load.
Allegro MicroSystems, Inc. Announces Executive Changes, Effective June 13, 2022
2022-05-09 20:15:00
Allegro MicroSystems, Inc. announced that its President Ravi Vig, is retiring. Mr. Vig, will retire, effective June 13, 2022, from his roles as President, and a member of the board of directors, which he has held since 2016 after joining the Company in 1984. Mr. Vig will continue to support the leadership transition and serve in an advisory role to the Company for the next 6 months.After an extensive search, the board of directors has appointed Vineet Nargolwala as President and a member of the board of directors, effective June 13, 2022. Prior to joining Allegro, Mr. Nargolwala previously served as Executive Vice President of Sensing Solutions at Sensata Technologies, a leading industrial technology company that develops sensors and sensor-based solutions for the automotive, heavy vehicle and off-road, industrial, and aerospace industries. He joined Sensata in 2013 and held various global executive positions. Prior to Sensata, he was with Honeywell International Inc. for over nine years in business strategy and P&L leadership roles of increasing responsibility. Prior to Honeywell, Mr. Nargolwala was at Nortel Networks in product management and engineering roles.
Allegro MicroSystems, Inc. Announces Executive Changes, Effective June 13, 2022
2022-05-09 20:15:00
Allegro MicroSystems, Inc. announced that its Chief Executive Officer, Ravi Vig, is retiring. Mr. Vig, will retire, effective June 13, 2022, from his role as CEO, which he has held since 2016 after joining the Company in 1984. Mr. Vig will continue to support the leadership transition and serve in an advisory role to the Company for the next 6 months. After an extensive search, the board of directors has appointed Vineet Nargolwala as CEO, effective June 13, 2022. Prior to joining Allegro, Mr. Nargolwala previously served as Executive Vice President of Sensing Solutions at Sensata Technologies, a leading industrial technology company that develops sensors and sensor-based solutions for the automotive, heavy vehicle and off-road, industrial, and aerospace industries. He joined Sensata in 2013 and held various global executive positions. Prior to Sensata, he was with Honeywell International Inc. for over nine years in business strategy and P&L leadership roles of increasing responsibility. Prior to Honeywell, Mr. Nargolwala was at Nortel Networks in product management and engineering roles.
Allegro MicroSystems, Inc. Provides Earnings Guidance for the First Quarter Ending June 24, 2022
2022-05-09 20:15:00
Allegro MicroSystems, Inc. provided earnings guidance for the first quarter ending June 24, 2022, For the period, company expects total net sales to be in the range of $205 million to $210 million.
Allegro MicroSystems, Inc. to Report Q4, 2022 Results on May 10, 2022
2022-04-15 19:30:00
Allegro MicroSystems, Inc. announced that they will report Q4, 2022 results Pre-Market on May 10, 2022
Allegro MicroSystems, Inc., Q4 2022 Earnings Call, May 10, 2022
2022-04-15 19:30:00
Allegro MicroSystems, Inc., Q4 2022 Earnings Call, May 10, 2022
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022
2022-02-07 20:29:00
Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, United States.
Allegro MicroSystems, Inc. Provides Earnings Guidance for the Fourth Quarter Ending March 25, 2022
2022-02-01 13:00:00
Allegro MicroSystems, Inc. provided earnings guidance for the fourth quarter ending March 25, 2022. For the fourth quarter ending March 25, 2022, the company expects total net sales to be in the range of $193 million to $197 million.
Allegro MicroSystems, Inc., Q3 2022 Earnings Call, Feb 01, 2022
2022-01-18 22:36:00
Allegro MicroSystems, Inc., Q3 2022 Earnings Call, Feb 01, 2022
Allegro MicroSystems, Inc. to Report Q3, 2022 Results on Feb 01, 2022
2022-01-18 22:36:00
Allegro MicroSystems, Inc. announced that they will report Q3, 2022 results Pre-Market on Feb 01, 2022
Allegro Microsystems, Inc. Announces Management Changes
2021-12-06 21:01:00
Allegro MicroSystems, Inc. announced the appointment of Sharon Briansky as Senior Vice President, General Counsel and Corporate Secretary, effective immediately. In this role, Ms. Briansky will serve as a member of the company’s Executive Leadership Team and will oversee global legal operations. Ms. Briansky succeeds Chris Brown, who is leaving Allegro at the end of the calendar year to pursue another opportunity. Ms. Briansky joins Allegro from Thermo Fisher Scientific, where she most recently served as Vice President, Deputy General Counsel and Secretary. In that role, she oversaw the company’s legal function in corporate governance, corporate finance initiatives, compliance, corporate social responsibility, and other general corporate legal matters.
Allegro MicroSystems, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021
2021-11-24 13:59:00
Allegro MicroSystems, Inc. Presents at Barclays Global TMT Conference 2021, Dec-07-2021 . Speakers: Ravi Vig, President, CEO & Director.
Allegro MicroSystems, Inc. Announces Board Changes
2021-11-10 13:00:00
Allegro MicroSystems, Inc. announced the appointment of Susan Lynch to Allegro’s Board of Directors and its Audit Committee, replacing Christine King, who is leaving the board. Both changes are effective immediately. Susan Lynch joins Allegro’s Board of Directors with more than 25 years of financial experience though senior leadership roles in the technology, aerospace and defense, and industrial manufacturing industries. Ms. Lynch currently serves as the Senior Vice President and Chief Financial Officer at Vectrus, Inc. Previously, Ms. Lynch was the Executive Vice President and Chief Financial Officer for Sungard Availability Services.
Allegro Microsystems, Inc. Expands Its Automotive Lighting Portfolio to Include Two New Offerings for Advanced Driver Assistance System Applications
2021-11-03 12:45:00
Allegro MicroSystems, Inc. has expanded its automotive lighting portfolio to include two new offerings for advanced driver assistance system applications. A unique solution in the market, the A80803 leverages multi-topology conversion and patented IP to enable smooth high/low/high beam transitions in a single integrated circuit . The A80804 linear LED driver provides high power for automotive lighting applications through multiple, independently-configurable channels. Both products help designers reduce the number of ICs required to create safety-enhanced automotive lighting systems, enabling higher performance and more compact designs at lower system cost. Vehicle lighting plays a key role when it comes to driver and passenger safety. According to a recent study by the Insurance Institute for Highway Safety, driving at night is three times riskier than driving during the day, and crash rates for vehicles that have headlights with an IIHS “good” rating are nearly 20% lower than ones with a “poor” rating. ADAS applications and lighting enhancements that improve night-time road and vehicle visibility can significantly improve driver response times, helping prevent crashes and saving lives. The A80803 is a switch-mode, constant-current controller for high-power LED automotive lighting applications that addresses many common pain points for headlight designers, with innovative features that make it easier for headlight designers to bring advanced functionality to mainstream vehicles. The multi-topology single-ended controller design, combined with wide input/output voltage capability, provides a universal solution for a wide variety of use cases and/or number of LEDs. Options for SPI-based control or EEPROM-based end-of-line programming for standalone operation further extend the range of possibilities. The A80804 is Allegro’s first four-channel linear driver for high-power LEDs. In addition to targeted applications such as DRL/position and stop/tail lights, it gives lighting designers increased design flexibility for popular features such as sequential turn signals, animation effects, and theater-style transitions. No switching elements or inductors are required, and the A80804’s low EMI output helps it achieve CISPR25 Class 5 compliance. It also offers multiple analog and PWM dimming methods, dual brightness mode operation, and is configurable without the need for a microcontroller. The A80803 includes first-to-market features that help simplify headlight design and increase driver safety: Multi-topology high/low beam switchover, removing the need for a second LED driver IC A unique slew-control feature that minimizes LED current overshoot and undershoot while transitioning between high and low beams Two configuration options including factory-programmed EEPROM to remove the need for a local microcontroller, and an SPI interface for control and status registers to enable software control Extensive diagnostics for ASIL capability, with two programmable fault pins and reporting via SPI Multiple methods for analog LED setting/control for base intensity, foldback for thermal conditions via NTC, or using a single design with different LED “bins” Multiple methods for PWM LED control via an internal PWM signal or an external PWM signal for direct PWM control on the EN/PWM pin Innovative features in the A80804 help lighting designers simplify system design while increasing safety: Linear control over four channels, each with an independent enable/PWM input Multiple methods for PWM LED control via an internal PWM signal including automatic phase shifting, or an external PWM signal for direct control on the EN/PWM pin Ability to switch between low and full intensity for applications including stop/tail or DRL/position lighting, without the need of a local microcontroller Selectable LED current slew-rate control for tuning PWM edge times, improving EMI performance Multiple methods for analog LED setting/control, LED binning, NTC foldback, or hybrid dimming Integrated/optional derating for high Vin and/or temperature Unique “MINOUT” function that can significantly reduce power losses by dynamically adjusting for the inherent changes in LED Vf versus temperature Extensive protections to protect the device and the LEDs, reported via fault pin Ability to parallel multiple devices together in order to extend the number of strings Pricing and Availability The A80803 is available in a thermally enhanced 32-pin 5mm × 5mm QFN package with wettable flank. The A80804 is available in a 32-pin 5mm × 5mm QFN package with wettable flank. For product pricing and samples, contact an Allegro sales office or authorized distributor. For datasheets and more information on Allegro’s comprehensive LED controller family, including the new A80803 and A80804.
Allegro MicroSystems, Inc. has completed a Follow-on Equity Offering in the amount of $226.875 million.
2021-11-03 00:00:00
Allegro MicroSystems, Inc. has completed a Follow-on Equity Offering in the amount of $226.875 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,500,000 Price\Range: $30.25
Allegro MicroSystems, Inc. has filed a Shelf Registration.
2021-11-01 00:00:00
Allegro MicroSystems, Inc. has filed a Shelf Registration. Security Name: Common Stock Security Name: Preferred Stock Security Name: Debt Securities Security Name: Warrants Security Name: Purchase Contracts Security Name: Units Transaction Features: Omnibus/Universal Shelf Registration
Allegro MicroSystems, Inc. has filed a Follow-on Equity Offering in the amount of $226.875 million.
2021-11-01 00:00:00
Allegro MicroSystems, Inc. has filed a Follow-on Equity Offering in the amount of $226.875 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 7,500,000 Price\Range: $30.25
Allegro MicroSystems, Inc. Provides Sales Guidance for the Third Quarter Ending December 24, 2021
2021-10-28 19:53:00
Allegro MicroSystems, Inc. provided sales guidance for the third quarter ending December 24, 2021. For the third quarter ending December 24, 2021, the company expects total net sales to be in the range of $180 million to $185 million.
Allegro MicroSystems, Inc. Introduces A89307 Automotive-Qualified Gate Driver Integrated Circuit
2021-10-26 12:45:00
Allegro MicroSystems, Inc. (Allegro) is expanding its QuietMotion™ product line with the introduction of the new A89307 automotive-qualified gate driver integrated circuit (IC). Designed for battery cooling fans and HVAC systems in electric (EV) and hybrid vehicles, the A89307 offers ultra-low noise and vibration by using a Field Oriented Control (FOC) algorithm to drive continuous sinusoidal current to the load, helping automakers reduce noise and improve battery life, offering more miles per charge and lowering vehicle carbon footprints. Embedded Motion Control Accelerates Sustainability Roadmaps: The A89307 includes a hardware-based algorithm, which requires no external sensors or software development; the user simply selects parameters using a simple GUI interface and loads them into the IC’s on-chip E2EPROM. With only five external components, the A89307 helps designers lower material costs by reducing BOM components and facilitating very small system footprints for in-motor PCBs. Its fully integrated algorithm can even eliminate the need for a separate microprocessor. Modes of operation include open-loop PWM or fully programmable closed-loop speed control. In closed-loop mode, the customer can program the PWM-to-speed relationship to match the PWM commands provided by an external ECU. Field weakening is included to improve performance at high speed. Low-speed operation and windmilling start-up are just a few of the features included in the A89307 hardware based digital algorithm. While designed for xEV battery cooling fans, the A89307 can also be used in HVAC blowers as well as liquid pumps in traction inverter cooling systems. The external gate drive allows the device to be flexible enough to drive a wide range of motor powers up to 500W.
Allegro MicroSystems, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-30-2021
2021-10-18 15:12:00
Allegro MicroSystems, Inc. Presents at Credit Suisse 25th Annual Technology Conference, Nov-30-2021 . Venue: The Phoenician Hotel, Scottsdale, Arizona, United States. Speakers: Katherine Blye, Senior Director of Investor Relations & Marcom, Paul V. Walsh, CFO, Senior VP & Treasurer.
Allegro MicroSystems, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 10:00 AM
2021-10-15 20:27:00
Allegro MicroSystems, Inc. Presents at 5th Annual Virtual Wells Fargo TMT Summit, Dec-01-2021 10:00 AM. Speakers: Ravi Vig, President, CEO & Director.
Allegro MicroSystems, Inc. to Report Q2, 2022 Results on Oct 28, 2021
2021-10-14 20:00:00
Allegro MicroSystems, Inc. announced that they will report Q2, 2022 results Pre-Market on Oct 28, 2021
Allegro MicroSystems, Inc., Q2 2022 Earnings Call, Oct 28, 2021
2021-10-14 20:00:00
Allegro MicroSystems, Inc., Q2 2022 Earnings Call, Oct 28, 2021
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021
2021-10-07 09:16:00
Wells Fargo Securities, LLC, 5th Annual Virtual Wells Fargo TMT Summit, Nov 30, 2021 through Dec 03, 2021.
Innolight Technology (Thailand) Co.,Ltd completed the acquisition of Thailand Manufacturing Facility of Allegro MicroSystems, Inc from Allegro MicroSystems, Inc. (NasdaqGS:ALGM) for approximately $27 million.
2021-08-03 00:00:00
Innolight Technology (Thailand) Co.,Ltd agreed to acquire Thailand Manufacturing Facility of Allegro MicroSystems, Inc from Allegro MicroSystems, Inc. (NasdaqGS:ALGM) for approximately $30 million on March 4, 2021. The consideration is before fees and expenses. This sale is an important milestone in the execution of Allegro’s manufacturing transformation to streamline back-end operations and enhance gross margin. As a result of the execution of the definitive agreement, Allegro will incur a one-time GAAP non-cash impairment charge to the book value of the facility in the range of $7 million to $9 million in the current quarter. This one-time GAAP impairment charge will be excluded from the non-GAAP financial measures Allegro will report for the year and quarter ending March 26, 2021. The transaction is subject to governmental approvals in Thailand and customary closing conditions. Transaction is expected to close within the calendar year. Innolight Technology (Thailand) Co.,Ltd completed the acquisition of Thailand Manufacturing Facility of Allegro MicroSystems, Inc from Allegro MicroSystems, Inc. (NasdaqGS:ALGM) for approximately $27million on August 3, 2021. ATREG, Inc. acted as financial advisor to Allegro.
Allegro MicroSystems, Inc. Provides Earnings Guidance for Second Quarter Ending September 24, 2021
2021-07-29 11:30:00
Allegro MicroSystems, Inc. provided earnings guidance for second quarter ending September 24, 2021. For the quarter, the company expects total net sales to be in the range of $185 million to $191 million.
Allegro MicroSystems, Inc. to Report Q1, 2022 Results on Jul 29, 2021
2021-07-15 14:30:00
Allegro MicroSystems, Inc. announced that they will report Q1, 2022 results Pre-Market on Jul 29, 2021
Allegro MicroSystems, Inc., Q1 2022 Earnings Call, Jul 29, 2021
2021-07-15 14:30:00
Allegro MicroSystems, Inc., Q1 2022 Earnings Call, Jul 29, 2021
Allegro’s New GMR Gear Tooth Speed Sensor Gives Transmission Designers More Options Than Ever Before
2021-07-07 12:45:00
Allegro MicroSystems, Inc. has introduced a new, giant magnetoresistance (GMR) speed sensor that measures the rotation of ferromagnetic gears. The ATS19480 speed sensor IC provides a single-channel solution that’s ideal for hybrid and pure electric vehicle transmissions, with use cases extending to two-wheelers, off-road vehicles, and industrial application designs requiring speed-only information. Combining advanced GMR technology with leading automotive grade algorithms and packaging technology, Allegro now offers a cutting-edge, comprehensive transmission sensor portfolio that addresses the needs of today’s system developers and manufacturers, while leveraging the company’s 20 years of speed sensing expertise, application-specific experience, and technological advancement.
Allegro MicroSystems, Inc. - Shareholder/Analyst Call
2021-07-01 20:46:00
AGM
Fundamental Summary
Allegro MicroSystems's financial results from Q1 demonstrated decent performance, but will likely only help Allegro MicroSystems remain on par with its peers. It is highly likely that it will be mostly tethered to market performance and sector movements for the near term. Therefore, they earned a total score of 62 out of 100 and a HOLD recommendation.
Allegro MicroSystems reported earnings results for the fourth quarter and full year ended March 25, 2022. For the fourth quarter, the company reported sales was USD 200.29 million compared to USD 175.11 million a year ago. Revenue was USD 200.29 million compared to USD 175.11 million a year ago. Net income was USD 25.62 million compared to USD 8.64 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to USD 0.05 a year ago.For the full year, sales was USD 768.67 million compared to USD 591.21 million a year ago. Revenue was USD 768.67 million compared to USD 591.21 million a year ago. Net income was USD 119.41 million compared to USD 17.95 million a year ago. Basic earnings per share from continuing operations was USD 0.63 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to USD 0.1 a year ago.
Business Description
Allegro MicroSystems designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; power ICs comprising motor driver ICs, and regulator and LED driver ICs; and photonic and 3D sensing components, including photodiodes, eye-safe lasers, and readout ICs for LiDAR applications. The company sells its products to original equipment manufacturers and suppliers primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment. It operates in the United States, rest of the Americas, Europe, Japan, Greater China, South Korea, and other Asian markets. The company was founded in 1990 and is headquartered in Manchester, New Hampshire. Allegro MicroSystems is a subsidiary of Sanken Electric Co., Ltd.
Sector Overview
Allegro MicroSystems is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Allegro MicroSystems's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | 18.1 | 12.2% | 69 | |
| Net Cashflow | 85.9 | -16.2% | 56 | |
| Capital Expenditure | -42.5 | 1.5% | 77 | |
| Asset Turnover | 0.9 | -1.5% | 56 | |
| Free Cashflow | 0.5 | -18.0% | 56 |
* All values are TTM
The below chart reflects Allegro MicroSystems's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Allegro MicroSystems's peer average final assessment score stands on 72.0, Allegro MicroSystems's score is 62.
- ALGM
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Allegro MicroSystems's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Allegro MicroSystems's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.
5D MA
21.14
50D MA
23.67
200D MA
28.85
MACD
-0.91
RSI
15.89
STOCH
20.58
Balance Sheet Analysis
Allegro MicroSystems appears likely to maintain its strong balance sheet metrics and momentum going forward. Allegro MicroSystems did a great job related to cash and cash equivalents this period, which stood at 282.4, representing a 8.9% change from the previous filing. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 81. Also, Allegro MicroSystems's price to book ratio (P/B) was reported as 6.1 and represents -37.5% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Therefore, its book value factors earned a score of 76. On the other hand, Liabilities, jumped out as looking rather underwhelming. At filing, Allegro MicroSystems's liabilities were 157.3, representing a 1.1% change from the previous period. Allegro MicroSystems's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Therefore, we rated their liabilities movement with a score of 68. Their balance sheet, therefore, earned a score of 74.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 892.6 | 4.8% | 69 |
| Liabilities | 157.3 | 1.1% | 68 |
| Price to Book | 6.1 | -37.5% | 76 |
| Cash & Equivalents | 282.4 | 8.9% | 81 |
| Equity | 734.2 | 5.7% | 74 |
The below chart describes Allegro MicroSystems's performance as reflected on its balance sheet with respect to its peers. While Allegro MicroSystems received a balance sheet score of 74, the average of its peers stands on 72.0.
- ALGM
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 400.2B | 78 | 70 | 65 | 97 | 54 | 71 | 0 | 1 |
| Intel Corporation | 154.5B | 65 | 69 | 76 | 90 | 81 | 77 | 1 | 1 |
| QUALCOMM Incorporated | 147.4B | 57 | 71 | 96 | 80 | 80 | 82 | 2 | 1 |
| Texas Instruments Incorporated | 142.2B | 63 | 69 | 87 | 46 | 84 | 76 | 3 | 1 |
| Advanced Micro Devices, Inc. | 130.9B | 93 | 61 | 78 | 96 | 80 | 88 | 4 | 1 |
| Broadcom Inc. | 102.5B | 67 | 79 | 58 | 56 | 55 | 62 | 5 | 1 |
| Applied Materials, Inc. | 82.7B | 71 | 72 | 63 | 41 | 55 | 60 | 6 | 1 |
| Analog Devices, Inc. | 77.2B | 62 | 80 | 66 | 66 | 66 | 69 | 7 | 1 |
| Micron Technology, Inc. | 64.6B | 73 | 69 | 85 | 76 | 74 | 81 | 8 | 1 |
| Lam Research Corporation | 60.8B | 72 | 77 | 58 | 51 | 45 | 60 | 9 | 1 |
| KLA Corporation | 49.3B | 75 | 62 | 73 | 53 | 66 | 66 | 10 | 1 |
| NXP Semiconductors N.V. | 40.5B | 71 | 68 | 56 | 62 | 76 | 64 | 11 | 1 |
| Marvell Technology, Inc. | 38.5B | 71 | 84 | 50 | 46 | 51 | 60 | 12 | 1 |
| Microchip Technology Incorporated | 33.0B | 65 | 84 | 76 | 72 | 66 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 23.9B | 81 | 65 | 74 | 82 | 74 | 78 | 14 | 1 |
| ON Semiconductor Corporation | 22.9B | 74 | 68 | 77 | 89 | 82 | 81 | 15 | 1 |
| Monolithic Power Systems, Inc. | 18.5B | 85 | 64 | 76 | 92 | 80 | 84 | 16 | 1 |
| Skyworks Solutions, Inc. | 15.5B | 69 | 77 | 63 | 46 | 52 | 62 | 17 | 1 |
| SolarEdge Technologies, Inc. | 15.5B | 77 | 62 | 78 | 96 | 85 | 81 | 18 | 1 |
| Teradyne, Inc. | 15.3B | 49 | 81 | 62 | 45 | 47 | 52 | 19 | 1 |
| Entegris, Inc. | 14.1B | 62 | 70 | 75 | 55 | 78 | 70 | 20 | 1 |
| Qorvo, Inc. | 10.2B | 64 | 83 | 64 | 67 | 55 | 67 | 21 | 1 |
| First Solar, Inc. | 7.2B | 76 | 70 | 50 | 58 | 58 | 59 | 22 | 1 |
| Lattice Semiconductor Corporation | 6.8B | 53 | 79 | 78 | 60 | 64 | 68 | 23 | 1 |
| MKS Instruments, Inc. | 5.8B | 60 | 73 | 73 | 76 | 72 | 70 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 89 | 81 | 59 | 45 | 48 | 72 | 25 | 1 |
| Universal Display Corporation | 5.2B | 57 | 76 | 83 | 85 | 69 | 75 | 26 | 1 |
| CMC Materials, Inc. | 5.1B | 65 | 78 | 73 | 87 | 82 | 81 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 68 | 72 | 69 | 61 | 58 | 65 | 28 | 1 |
| Synaptics Incorporated | 4.9B | 71 | 71 | 79 | 92 | 76 | 81 | 29 | 1 |
| Power Integrations, Inc. | 4.4B | 56 | 82 | 58 | 79 | 53 | 61 | 30 | 1 |
| Amkor Technology, Inc. | 4.2B | 70 | 68 | 75 | 74 | 77 | 75 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 73 | 76 | 81 | 96 | 73 | 86 | 32 | 1 |
| Semtech Corporation | 3.5B | 58 | 79 | 68 | 67 | 64 | 67 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.3B | 65 | 75 | 74 | 38 | 74 | 70 | 34 | 1 |
| FormFactor, Inc. | 3.1B | 72 | 70 | 84 | 82 | 80 | 84 | 35 | 1 |
| Diodes Incorporated | 3.0B | 47 | 78 | 71 | 51 | 71 | 62 | 36 | 1 |
| SunPower Corporation | 3.0B | 72 | 81 | 42 | 83 | 54 | 61 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 40 | 85 | 60 | 40 | 48 | 54 | 38 | 1 |
| MaxLinear, Inc. | 2.7B | 68 | 71 | 75 | 85 | 74 | 76 | 39 | 1 |
| Nova Ltd. | 2.7B | 86 | 45 | 75 | 48 | 82 | 61 | 40 | 1 |
| Ambarella, Inc. | 2.6B | 46 | 75 | 74 | 86 | 65 | 64 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.6B | 46 | 83 | 60 | 76 | 56 | 58 | 42 | 1 |
| Rambus Inc. | 2.4B | 43 | 83 | 41 | 95 | 54 | 48 | 43 | 1 |
| Canadian Solar Inc. | 2.0B | 91 | 54 | 59 | 62 | 62 | 59 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 76 | 68 | 84 | 71 | 73 | 81 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 94 | 61 | 78 | 79 | 86 | 88 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 78 | 55 | 91 | 85 | 95 | 77 | 47 | 1 |
| Impinj, Inc. | 1.4B | 63 | 68 | 79 | 39 | 92 | 72 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 56 | 78 | 69 | 48 | 67 | 63 | 49 | 1 |
| Cohu, Inc. | 1.3B | 53 | 82 | 57 | 59 | 58 | 58 | 50 | 1 |
| Photronics, Inc. | 1.2B | 53 | 85 | 66 | 76 | 66 | 69 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.0B | 89 | 63 | 75 | 95 | 82 | 86 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 84 | 71 | 41 | 78 | 47 | 58 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 929.5M | 89 | 63 | 68 | 87 | 67 | 77 | 54 | 1 |
| PDF Solutions, Inc. | 808.6M | 54 | 81 | 63 | 90 | 51 | 63 | 55 | 1 |
| CEVA, Inc. | 778.5M | 81 | 74 | 60 | 87 | 60 | 73 | 56 | 1 |
| Ichor Holdings, Ltd. | 754.1M | 59 | 76 | 66 | 38 | 63 | 60 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 575.9M | 87 | 68 | 40 | 78 | 38 | 53 | 58 | 1 |
| Enphase Energy, Inc. | 25.7B | 89 | 60 | 39 | 97 | 56 | 58 | 59 | 1 |
| Wolfspeed, Inc. | 8.2B | 96 | 63 | 59 | 97 | 55 | 74 | 60 | 1 |
| Daqo New Energy Corp. | 5.0B | 91 | 62 | 81 | 95 | 93 | 93 | 61 | 1 |
| SiTime Corporation | 3.6B | 57 | 67 | 66 | 73 | 64 | 59 | 62 | 1 |
| Onto Innovation Inc. | 3.6B | 83 | 70 | 67 | 72 | 73 | 78 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.2B | 86 | 62 | 77 | 94 | 94 | 89 | 64 | 1 |
| Camtek Ltd. | 1.1B | 63 | 61 | 82 | 37 | 90 | 66 | 65 | 1 |
| ACM Research, Inc. | 917.6M | 87 | 57 | 51 | 43 | 50 | 52 | 66 | 1 |
| NeoPhotonics Corporation | 838.5M | 89 | 66 | 49 | 72 | 64 | 66 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 60 | 93 | 47 | 85 | 74 | 72 | 68 | 1 |
| indie Semiconductor, Inc. | 720.1M | 48 | 54 | 72 | 56 | 55 | 44 | 69 | 1 |
| Magnachip Semiconductor Corporation | 667.1M | 56 | 78 | 79 | 72 | 72 | 74 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 77 | 53 | 73 | 92 | 79 | 72 | 71 | 1 |
| Navitas Semiconductor Corporation | 533.1M | 37 | 80 | 80 | 62 | 79 | 67 | 72 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 60 | 71 | 61 | 60 | 69 | 56 | 73 | 1 |
| Rigetti Computing, Inc. | 413.5M | 93 | 62 | 85 | 99 | 98 | 98 | 74 | 1 |
| Meta Materials Inc. | 396.9M | 51 | 78 | 42 | 41 | 51 | 42 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 65 | 78 | 79 | 85 | 52 | 65 | 76 | 1 |
| Valens Semiconductor Ltd. | 357.2M | 92 | 70 | 66 | 45 | 72 | 75 | 77 | 1 |
| Rockley Photonics Holdings Limited | 305.7M | 49 | 82 | 40 | 37 | 52 | 42 | 78 | 1 |
| CyberOptics Corporation | 272.8M | 71 | 66 | 72 | 64 | 86 | 75 | 79 | 1 |
| Transphorm, Inc. | 255.8M | 41 | 86 | 39 | 47 | 54 | 45 | 80 | 1 |
Income Statement Analysis
Overall, Allegro MicroSystems's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. Return factors metrics and ratios were exceptional in this report. Allegro MicroSystems reported a return on equity (ROE) ratio of 18.1, representing a change of 12.2% from the last report. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Therefore, its return factors component earned a score of 69. Also, Allegro MicroSystems's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. As a result, its revenue efficiency earned a score of 68. On the other hand, EBITDA, jumped out as looking problematic. Allegro MicroSystems's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 197.5, which represents a -17.8% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 48. Its income statement, therefore, earned a score of 61.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 197.5 | -17.8% | 48 |
| Total Revenues | 768.7 | 3.4% | 68 |
| Return on Equity | 18.1 | 12.2% | 69 |
The below chart describes Allegro MicroSystems's performance as reflected on its income statement with respect to its peers. While Allegro MicroSystems received a income statement score of 61 , the average of its peers stands on 71.0.
- ALGM
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 400.2B | 46 | 83 | 67 | 63 | 0 | 1 |
| Intel Corporation | 154.5B | 90 | 55 | 74 | 76 | 1 | 1 |
| QUALCOMM Incorporated | 147.4B | 48 | 87 | 78 | 66 | 2 | 1 |
| Texas Instruments Incorporated | 142.2B | 69 | 78 | 70 | 74 | 3 | 1 |
| Advanced Micro Devices, Inc. | 130.9B | 40 | 89 | 38 | 59 | 4 | 1 |
| Broadcom Inc. | 102.5B | 59 | 80 | 90 | 71 | 5 | 1 |
| Applied Materials, Inc. | 82.7B | 72 | 68 | 73 | 72 | 6 | 1 |
| Analog Devices, Inc. | 77.2B | 40 | 91 | 92 | 65 | 7 | 1 |
| Micron Technology, Inc. | 64.6B | 59 | 87 | 90 | 74 | 8 | 1 |
| Lam Research Corporation | 60.8B | 80 | 64 | 75 | 74 | 9 | 1 |
| KLA Corporation | 49.3B | 56 | 77 | 76 | 67 | 10 | 1 |
| NXP Semiconductors N.V. | 40.5B | 59 | 79 | 90 | 71 | 11 | 1 |
| Marvell Technology, Inc. | 38.5B | 41 | 89 | 87 | 64 | 12 | 1 |
| Microchip Technology Incorporated | 33.0B | 57 | 83 | 92 | 71 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 23.9B | 50 | 92 | 86 | 70 | 14 | 1 |
| ON Semiconductor Corporation | 22.9B | 53 | 92 | 94 | 73 | 15 | 1 |
| Monolithic Power Systems, Inc. | 18.5B | 45 | 90 | 83 | 66 | 16 | 1 |
| Skyworks Solutions, Inc. | 15.5B | 69 | 71 | 63 | 70 | 17 | 1 |
| SolarEdge Technologies, Inc. | 15.5B | 41 | 70 | 48 | 53 | 18 | 1 |
| Teradyne, Inc. | 15.3B | 88 | 57 | 62 | 75 | 19 | 1 |
| Entegris, Inc. | 14.1B | 56 | 80 | 80 | 69 | 20 | 1 |
| Qorvo, Inc. | 10.2B | 76 | 65 | 63 | 72 | 21 | 1 |
| First Solar, Inc. | 7.2B | 98 | 43 | 40 | 73 | 22 | 1 |
| Lattice Semiconductor Corporation | 6.8B | 54 | 88 | 89 | 71 | 23 | 1 |
| MKS Instruments, Inc. | 5.8B | 78 | 67 | 65 | 74 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 44 | 96 | 98 | 70 | 25 | 1 |
| Universal Display Corporation | 5.2B | 71 | 64 | 61 | 68 | 26 | 1 |
| CMC Materials, Inc. | 5.1B | 72 | 75 | 93 | 76 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 63 | 87 | 82 | 79 | 28 | 1 |
| Synaptics Incorporated | 4.9B | 45 | 91 | 90 | 68 | 29 | 1 |
| Power Integrations, Inc. | 4.4B | 80 | 76 | 82 | 80 | 30 | 1 |
| Amkor Technology, Inc. | 4.2B | 63 | 76 | 77 | 70 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 42 | 92 | 93 | 67 | 32 | 1 |
| Semtech Corporation | 3.5B | 64 | 84 | 87 | 75 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.3B | 74 | 77 | 72 | 76 | 34 | 1 |
| FormFactor, Inc. | 3.1B | 79 | 76 | 83 | 80 | 35 | 1 |
| Diodes Incorporated | 3.0B | 66 | 83 | 86 | 76 | 36 | 1 |
| SunPower Corporation | 3.0B | 49 | 43 | 74 | 49 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 54 | 83 | 78 | 72 | 38 | 1 |
| MaxLinear, Inc. | 2.7B | 56 | 92 | 96 | 75 | 39 | 1 |
| Nova Ltd. | 2.7B | 41 | 89 | 78 | 69 | 40 | 1 |
| Ambarella, Inc. | 2.6B | 56 | 89 | 79 | 72 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.6B | 73 | 82 | 85 | 79 | 42 | 1 |
| Rambus Inc. | 2.4B | 48 | 86 | 60 | 64 | 43 | 1 |
| Canadian Solar Inc. | 2.0B | 73 | 76 | 53 | 72 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 44 | 91 | 91 | 67 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 38 | 88 | 61 | 60 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 53 | 84 | 66 | 70 | 47 | 1 |
| Impinj, Inc. | 1.4B | 64 | 53 | 51 | 59 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 53 | 73 | 71 | 63 | 49 | 1 |
| Cohu, Inc. | 1.3B | 92 | 53 | 49 | 75 | 50 | 1 |
| Photronics, Inc. | 1.2B | 55 | 86 | 92 | 71 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.0B | 48 | 87 | 66 | 65 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 66 | 84 | 91 | 76 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 929.5M | 62 | 75 | 76 | 69 | 54 | 1 |
| PDF Solutions, Inc. | 808.6M | 49 | 95 | 88 | 71 | 55 | 1 |
| CEVA, Inc. | 778.5M | 51 | 90 | 97 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 754.1M | 72 | 60 | 54 | 67 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 575.9M | 50 | 49 | 60 | 49 | 58 | 1 |
| Enphase Energy, Inc. | 25.7B | 45 | 74 | 55 | 57 | 59 | 1 |
| Wolfspeed, Inc. | 8.2B | 49 | 90 | 86 | 69 | 60 | 1 |
| Daqo New Energy Corp. | 5.0B | 37 | 95 | 94 | 65 | 61 | 1 |
| SiTime Corporation | 3.6B | 40 | 93 | 78 | 64 | 62 | 1 |
| Onto Innovation Inc. | 3.6B | 47 | 87 | 89 | 67 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.2B | 38 | 89 | 82 | 62 | 64 | 1 |
| Camtek Ltd. | 1.1B | 50 | 81 | 71 | 68 | 65 | 1 |
| ACM Research, Inc. | 917.6M | 88 | 43 | 42 | 67 | 66 | 1 |
| NeoPhotonics Corporation | 838.5M | 45 | 95 | 90 | 69 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 90 | 59 | 63 | 70 | 68 | 1 |
| indie Semiconductor, Inc. | 720.1M | 37 | 46 | 71 | 43 | 69 | 1 |
| Magnachip Semiconductor Corporation | 667.1M | 94 | 80 | 88 | 90 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 68 | 68 | 58 | 67 | 71 | 1 |
| Navitas Semiconductor Corporation | 533.1M | 56 | 44 | 74 | 53 | 72 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 87 | 49 | 76 | 66 | 73 | 1 |
| Rigetti Computing, Inc. | 413.5M | 92 | 43 | 69 | 72 | 74 | 1 |
| Meta Materials Inc. | 396.9M | 37 | 45 | 72 | 43 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 89 | 47 | 50 | 74 | 76 | 1 |
| Valens Semiconductor Ltd. | 357.2M | 41 | 86 | 65 | 65 | 77 | 1 |
| Rockley Photonics Holdings Limited | 305.7M | 97 | 50 | 85 | 79 | 78 | 1 |
| CyberOptics Corporation | 272.8M | 54 | 86 | 87 | 71 | 79 | 1 |
| Transphorm, Inc. | 255.8M | 37 | 81 | 97 | 68 | 80 | 1 |
Cash Flow Analysis
Allegro MicroSystems's cash flow factors had several troubling metrics this period. Allegro MicroSystems's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 85.9 and represented a -16.2% change from the previous period. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Allegro MicroSystems's stock price going forward. Hence, their net cash flow earned a score of 56. Also, Allegro MicroSystems's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Allegro MicroSystems recorded asset turnover of 0.9, which represents a -1.5% change from the previous report. Companies in the same sector and market capitalization will usually be affected by up to 10.7 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 56. That said, one metric, Capex, stood out as strongly positive. Allegro MicroSystems's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -42.5, which represents a 1.5% change from the last period. The company appears to be headed in the right direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their CapEx movement received a grade of 77. Therefore, it received a cautionary score of 56.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 85.9 | -16.2% | 56 |
| Capital Expenditure | -42.5 | 1.5% | 77 |
| Asset Turnover | 0.9 | -1.5% | 56 |
| Free Cashflow | 0.5 | -18.0% | 56 |
The below chart describes Allegro MicroSystems's performance as reflected on its cash flow with respect to its peers. While Allegro MicroSystems received a cash flow score of 56, the average of its peers stands on 65.0.
- ALGM
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| NVIDIA Corporation | 400.2B | 93 | 65 | 61 | 86 | 82 | 0 | 1 |
| Intel Corporation | 154.5B | 58 | 72 | 68 | 53 | 58 | 1 | 1 |
| QUALCOMM Incorporated | 147.4B | 65 | 65 | 70 | 87 | 77 | 2 | 1 |
| Texas Instruments Incorporated | 142.2B | 74 | 74 | 63 | 69 | 70 | 3 | 1 |
| Advanced Micro Devices, Inc. | 130.9B | 93 | 66 | 69 | 37 | 57 | 4 | 1 |
| Broadcom Inc. | 102.5B | 75 | 76 | 87 | 89 | 85 | 5 | 1 |
| Applied Materials, Inc. | 82.7B | 75 | 59 | 69 | 72 | 69 | 6 | 1 |
| Analog Devices, Inc. | 77.2B | 78 | 76 | 51 | 94 | 84 | 7 | 1 |
| Micron Technology, Inc. | 64.6B | 81 | 85 | 81 | 74 | 80 | 8 | 1 |
| Lam Research Corporation | 60.8B | 72 | 60 | 56 | 75 | 69 | 9 | 1 |
| KLA Corporation | 49.3B | 70 | 76 | 52 | 79 | 74 | 10 | 1 |
| NXP Semiconductors N.V. | 40.5B | 59 | 72 | 51 | 85 | 73 | 11 | 1 |
| Marvell Technology, Inc. | 38.5B | 94 | 84 | 58 | 46 | 65 | 12 | 1 |
| Microchip Technology Incorporated | 33.0B | 80 | 79 | 48 | 84 | 79 | 13 | 1 |
| GLOBALFOUNDRIES Inc. | 23.9B | 54 | 86 | 45 | 64 | 63 | 14 | 1 |
| ON Semiconductor Corporation | 22.9B | 60 | 79 | 55 | 74 | 70 | 15 | 1 |
| Monolithic Power Systems, Inc. | 18.5B | 84 | 78 | 59 | 74 | 77 | 16 | 1 |
| Skyworks Solutions, Inc. | 15.5B | 78 | 57 | 79 | 73 | 71 | 17 | 1 |
| SolarEdge Technologies, Inc. | 15.5B | 46 | 38 | 55 | 52 | 43 | 18 | 1 |
| Teradyne, Inc. | 15.3B | 75 | 65 | 66 | 68 | 68 | 19 | 1 |
| Entegris, Inc. | 14.1B | 61 | 57 | 50 | 76 | 65 | 20 | 1 |
| Qorvo, Inc. | 10.2B | 78 | 65 | 87 | 71 | 73 | 21 | 1 |
| First Solar, Inc. | 7.2B | 47 | 85 | 56 | 46 | 53 | 22 | 1 |
| Lattice Semiconductor Corporation | 6.8B | 79 | 77 | 43 | 82 | 77 | 23 | 1 |
| MKS Instruments, Inc. | 5.8B | 58 | 58 | 92 | 56 | 59 | 24 | 1 |
| Silicon Laboratories Inc. | 5.3B | 71 | 89 | 81 | 87 | 86 | 25 | 1 |
| Universal Display Corporation | 5.2B | 75 | 81 | 68 | 65 | 71 | 26 | 1 |
| CMC Materials, Inc. | 5.1B | 72 | 66 | 68 | 80 | 74 | 27 | 1 |
| Tower Semiconductor Ltd. | 5.1B | 76 | 57 | 55 | 59 | 68 | 28 | 1 |
| Synaptics Incorporated | 4.9B | 85 | 62 | 98 | 55 | 66 | 29 | 1 |
| Power Integrations, Inc. | 4.4B | 88 | 77 | 64 | 82 | 82 | 30 | 1 |
| Amkor Technology, Inc. | 4.2B | 46 | 57 | 62 | 71 | 60 | 31 | 1 |
| Cirrus Logic, Inc. | 4.1B | 83 | 98 | 61 | 90 | 90 | 32 | 1 |
| Semtech Corporation | 3.5B | 79 | 78 | 58 | 79 | 77 | 33 | 1 |
| MACOM Technology Solutions Holdings, Inc. | 3.3B | 46 | 78 | 54 | 78 | 68 | 34 | 1 |
| FormFactor, Inc. | 3.1B | 78 | 81 | 66 | 58 | 67 | 35 | 1 |
| Diodes Incorporated | 3.0B | 77 | 61 | 52 | 80 | 72 | 36 | 1 |
| SunPower Corporation | 3.0B | 84 | 41 | 39 | 93 | 74 | 37 | 1 |
| Silicon Motion Technology Corporation | 2.8B | 63 | 53 | 46 | 85 | 61 | 38 | 1 |
| MaxLinear, Inc. | 2.7B | 90 | 92 | 80 | 81 | 88 | 39 | 1 |
| Nova Ltd. | 2.7B | 58 | 53 | 39 | 58 | 54 | 40 | 1 |
| Ambarella, Inc. | 2.6B | 84 | 95 | 45 | 75 | 79 | 41 | 1 |
| Kulicke and Soffa Industries, Inc. | 2.6B | 93 | 81 | 83 | 74 | 82 | 42 | 1 |
| Rambus Inc. | 2.4B | 96 | 73 | 89 | 88 | 89 | 43 | 1 |
| Canadian Solar Inc. | 2.0B | 69 | 70 | 74 | 66 | 71 | 44 | 1 |
| Axcelis Technologies, Inc. | 1.9B | 81 | 77 | 68 | 84 | 82 | 45 | 1 |
| Credo Technology Group Holding Ltd | 1.7B | 60 | 85 | 37 | 43 | 53 | 46 | 1 |
| Himax Technologies, Inc. | 1.6B | 66 | 77 | 48 | 77 | 66 | 47 | 1 |
| Impinj, Inc. | 1.4B | 70 | 38 | 85 | 73 | 65 | 48 | 1 |
| Ultra Clean Holdings, Inc. | 1.4B | 68 | 41 | 41 | 76 | 61 | 49 | 1 |
| Cohu, Inc. | 1.3B | 92 | 62 | 71 | 44 | 59 | 50 | 1 |
| Photronics, Inc. | 1.2B | 65 | 92 | 96 | 79 | 82 | 51 | 1 |
| SMART Global Holdings, Inc. | 1.0B | 48 | 85 | 95 | 53 | 62 | 52 | 1 |
| Veeco Instruments Inc. | 1.0B | 74 | 82 | 48 | 69 | 71 | 53 | 1 |
| Alpha and Omega Semiconductor Limited | 929.5M | 49 | 64 | 45 | 60 | 54 | 54 | 1 |
| PDF Solutions, Inc. | 808.6M | 81 | 98 | 45 | 92 | 89 | 55 | 1 |
| CEVA, Inc. | 778.5M | 57 | 54 | 84 | 83 | 71 | 56 | 1 |
| Ichor Holdings, Ltd. | 754.1M | 51 | 37 | 87 | 70 | 58 | 57 | 1 |
| Maxeon Solar Technologies, Ltd. | 575.9M | 87 | 90 | 59 | 88 | 84 | 58 | 1 |
| Enphase Energy, Inc. | 25.7B | 89 | 77 | 64 | 41 | 60 | 59 | 1 |
| Wolfspeed, Inc. | 8.2B | 57 | 74 | 76 | 46 | 55 | 60 | 1 |
| Daqo New Energy Corp. | 5.0B | 78 | 86 | 63 | 96 | 89 | 61 | 1 |
| SiTime Corporation | 3.6B | 83 | 87 | 56 | 44 | 62 | 62 | 1 |
| Onto Innovation Inc. | 3.6B | 94 | 65 | 88 | 85 | 85 | 63 | 1 |
| JinkoSolar Holding Co., Ltd. | 3.2B | 68 | 69 | 73 | 78 | 74 | 64 | 1 |
| Camtek Ltd. | 1.1B | 69 | 70 | 74 | 72 | 71 | 65 | 1 |
| ACM Research, Inc. | 917.6M | 61 | 43 | 50 | 54 | 50 | 66 | 1 |
| NeoPhotonics Corporation | 838.5M | 50 | 63 | 67 | 87 | 71 | 67 | 1 |
| Hanwha Q CELLS Co., Ltd. | 818.9M | 64 | 63 | 74 | 73 | 68 | 68 | 1 |
| indie Semiconductor, Inc. | 720.1M | 69 | 80 | 52 | 98 | 85 | 69 | 1 |
| Magnachip Semiconductor Corporation | 667.1M | 65 | 56 | 76 | 54 | 57 | 70 | 1 |
| Mykrolis Corp. | 657.1M | 65 | 69 | 68 | 82 | 75 | 71 | 1 |
| Navitas Semiconductor Corporation | 533.1M | 70 | 87 | 94 | 93 | 90 | 72 | 1 |
| ChipMOS TECHNOLOGIES (Bermuda) LTD. | 417.9M | 66 | 64 | 68 | 94 | 73 | 73 | 1 |
| Rigetti Computing, Inc. | 413.5M | 48 | 76 | 51 | 60 | 58 | 74 | 1 |
| Meta Materials Inc. | 396.9M | 85 | 56 | 68 | 97 | 84 | 75 | 1 |
| Helix Technology Corporation | 364.9M | 75 | 62 | 63 | 56 | 61 | 76 | 1 |
| Valens Semiconductor Ltd. | 357.2M | 53 | 89 | 90 | 47 | 66 | 77 | 1 |
| Rockley Photonics Holdings Limited | 305.7M | 79 | 72 | 66 | 47 | 60 | 78 | 1 |
| CyberOptics Corporation | 272.8M | 49 | 74 | 89 | 77 | 72 | 79 | 1 |
| Transphorm, Inc. | 255.8M | 81 | 88 | 96 | 95 | 88 | 80 | 1 |
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