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NASDAQ:ALGM News 6 January 2026 - 29 January 2026

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems shares jumped 8.5% to $37.50 Thursday after reporting a 29% year-over-year rise in quarterly sales to $229.2 million and issuing strong March-quarter guidance. The stock outperformed the semiconductor sector, with rivals ON Semiconductor and NXP Semiconductors each down about 4%. Allegro forecast fourth-quarter sales of $230–$240 million and non-GAAP EPS of $0.14–$0.18.
29 January 2026
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Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems surged 6.5% to $32.78 Wednesday after announcing an analyst day for Feb. 18 in Boston. The move outpaced chip sector peers as the Philadelphia Semiconductor Index fell 1.7%. Allegro will report Q3 results Jan. 29, with CEO Mike Doogue and CFO Derek D’Antilio set to host a call at 8:30 a.m. ET. The analyst day will be hybrid, with limited in-person attendance and a webcast.
14 January 2026
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ALGM stock jumps 10% as Wells Fargo spotlights Allegro and new SiC power chips grab attention

ALGM stock jumps 10% as Wells Fargo spotlights Allegro and new SiC power chips grab attention

New York, Jan 6, 2026, 14:01 EST — Regular session Allegro MicroSystems (ALGM) shares jumped about 10% on Tuesday, with traders pointing to a bullish Wells Fargo call and a pair of fresh product announcements aimed at power systems for AI data centers and electric vehicles. The stock was up 10.5% at $31.43, after touching $32.33 earlier in the session. The move matters because investors have been quick to chase signs that the long inventory overhang across parts of the chip supply chain is easing. Allegro sells sensors and application-specific power chips used in autos and industrial gear, where customer
6 January 2026
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