ALGM news

Latest 9 stories · newest Nov 2, 2026

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5 Stock Picks Last Month From Wall Street's Most Accurate Analysts
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Allegro Q2 Sales Jump 29% to $277M, Record Data Center & Industrial Sales

Allegro reported record quarterly sales and EPS growth, driven by strong automotive and industrial demand, while management reiterated guidance for mid-teens annual sales growth.

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10 Information Technology Stocks Whale Activity In Today’s Session
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Allegro Q1 2027 sales jump 27% to $259M

Allegro MicroSystems reported fiscal first quarter 2027 sales of $259 million, a 27% year-over-year increase, highlighting record performance in data center and xEV markets.

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Shares of semiconductor and chip companies are trading lower after reports suggested that OpenAI may delay its IPO until next year.  Investors may anticipate the industry to face a weakening demand after notes raised concerns about a slowdown in the AI company's infrastructure spending.
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Allegro MicroSystems appoints Brian White as independent board director

Allegro MicroSystems appointed Brian C. White, an experienced semiconductor executive and former CFO at Ambarella, Maxim Integrated, and IDT, to its Board of Directors effective June 17, 2026. White's extensive financial strategy and governance expertise strengthens the board as Allegro pursues grow…

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10 Information Technology Stocks Whale Activity In Today's Session
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Shares of semiconductor companies are trading lower amid overall market weakness as investors rotate out of growth stocks.
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Shares of semiconductor and chip stocks are trading lower as robust U.S. payroll additions dampen the outlook for Fed rate cuts. Also, the conclusion of a strong financial reporting season for AI and hardware names may be weighing on the sector following its April-May rally.
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