Allegro MicroSystems, Inc. (ALGM)
After hours:
| Previous Close | 29.75 |
| Open | 29.67 |
| Bid | 29.63 x 100 |
| Ask | 29.75 x 300 |
| Day's Range | 29.10 - 29.82 |
| 52 Week Range | 23.64 - 53.05 |
| Volume | |
| Avg. Volume | 1,582,324 |
| Market Cap | 5.726B |
| Beta (5Y Monthly) | 1.72 |
| PE Ratio (TTM) | 38.01 |
| EPS (TTM) | 0.78 |
| Earnings Date | Jul 30, 2024 - Aug 05, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 35.00 |
GlobeNewswireAllegro MicroSystems to Present at TD Cowen’s Technology, Media & Telecom Conference on May 29
Manchester, N.H., May 16, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing semiconductor solutions for motion control and energy efficient systems, today announced that the Company will present at TD Cowen’s 52nd Annual Technology, Media & Telecom Conference on Wednesday, May 29, 2024 at the InterContinental New York Barclay in New York, NY. Vineet Nargolwala, Chief Executive Officer, is scheduled to participate in a fireside ch
Barrons.comChip Factory Backed by Private Equity Gets $200 Million in Government Grants
The grants are the latest under the Biden administration’s 2022 Chips Act, which aims to boost jobs and domestic chip supplies by funding U.S. factories.
- Reuters
Polar Semiconductor set to gain US government grant of $120 million
Polar Semiconductor is set to receive a $120 million U.S. government grant to expand its plant in Minnesota, which will allow the company to double its U.S. production capacity of sensor and power chips within two years. The award, part of the Biden administration's $52.7 billion semiconductor manufacturing and research subsidy program, follows an agreement by Polar's current owners to sell down their stakes to U.S. private equity firms so that the company can become majority U.S.-owned. The Commerce Department, which made the grant, noted shortages of power and sensor chips were a key issue during the COVID-19 pandemic, disrupting many sectors.
