Allegro Microsystems - Megatrends in E-Mobility, AI Servers & Robotics Provide Tailwinds!
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Business Driver: Allegro MicroSystems (ALGM) specializes in magnetic sensor systems that are used in electric vehicles and driver assistance systems, among other applications. They are also well positioned in power management chips for data centers and renewable energy, which offers Allegro MicroSystems promising growth prospects amid the cloud and data center boom. On January 29, Allegro Microsystems surprised with very strong Q3 results. The adjusted earnings per share improved significantly from 7 to 15 cents, while the analyst consensus...
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