Allegro MicroSystems, Inc., together with its subsidiaries, 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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers. The company sells its products to original equipment manufacturers and distributors 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 Inc.

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Allegro MicroSystems today and set a price target of $40.00. The company’s shares...

	A	B	C	D
1	Symbol	Price	Change	Volume
2	ALGM	$24.08	+5.61%	1.71M
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	A	B	C	D
1	Symbol	Price	Change	Vol
2	ALGM	$24.08	+5.6%	1.71M
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