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ALGM Allegro Microsystems

Allegro MicroSystems is redefining the future of sensing and power technologies. From green energy to advanced mobility and motion control systems, its team is passionate about developing intelligent solutions that move the world forward and give its customers a competitive edge. With global engineering, manufacturing and support, Allegro is a trusted partner to both large enterprises and regional market leaders worldwide.

ALGM stock data

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Calendar

30 Jul 21
2 Aug 21
25 Mar 22
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 21 Paul V Walsh Jr Common Stock Sell Dispose S Yes Yes 25.11 70,000 1.76M 1,164,851
6 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 28.24 12,171 343.71K 433,090
6 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 28.25 12,086 341.43K 433,090
6 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 28.23 12,158 343.22K 433,090
6 Jul 21 Ravi Vig Common Stock Sell Dispose S No Yes 28.24 12,024 339.56K 1,695,804
2 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 27.56 6,800 187.41K 445,261
2 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 27.56 6,820 187.96K 445,176
2 Jul 21 Ravi Vig Common Stock Sell Dispose S Yes Yes 27.56 6,800 187.41K 445,248
2 Jul 21 Ravi Vig Common Stock Sell Dispose S No Yes 27.56 6,800 187.41K 1,707,828
1 Jul 21 Michael Doogue Common Stock Sell Dispose S Yes Yes 27.34 8,913 243.68K 487,958

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 123 96 +28.1%
Opened positions 42 96 -56.3%
Closed positions 15 0 NEW
Increased positions 53 0 NEW
Reduced positions 24 0 NEW
13F shares
Current Prev Q Change
Total value 5.92B 4.75B +24.7%
Total shares 225.93M 222.53M +1.5%
Total puts 85.7K 0 NEW
Total calls 12.3K 0 NEW
Total put/call ratio 7.0
Largest owners
Shares Value Change
Sanken Electric 103.7M $2.76B 0.0%
Oep Skna 44.44M $1.18B 0.0%
Oep Capital Advisors 31.25M $792.3M -29.7%
Vanguard 3.96M $100.32M +72.7%
Alliancebernstein 3.51M $89.03M +227.1%
JPM JPMorgan Chase & Co. 2.8M $71.08M +51.5%
WFC Wells Fargo & Co. 2.74M $69.44M +164.7%
Clearbridge Advisors 2.72M $68.94M +137.8%
BLK Blackrock 2.59M $65.76M +21.0%
IVZ Invesco 2.37M $60.17M +521.3%
Largest transactions
Shares Bought/sold Change
Oep Capital Advisors 31.25M -13.19M -29.7%
Alliancebernstein 3.51M +2.44M +227.1%
IVZ Invesco 2.37M +1.99M +521.3%
WDR Waddell & Reed Financial 1.82M +1.82M NEW
WFC Wells Fargo & Co. 2.74M +1.7M +164.7%
Vanguard 3.96M +1.67M +72.7%
Clearbridge Advisors 2.72M +1.58M +137.8%
Cadian Capital Management 0 -1.2M EXIT
STT State Street 1.36M +1.12M +463.4%
FHI Federated Hermes 1.45M +1M +222.2%

Financial report summary

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Competition
Texas Instruments
Risks
  • Downturns or volatility in general economic conditions, including as a result of the COVID-19 pandemic or any other outbreak of an infectious disease, could have a material adverse effect on our business, financial condition, results of operations and liquidity.
  • We face intense competition and may not be able to compete effectively, which could reduce our market share and decrease our net sales and profitability.
  • We rely on a limited number of third-party wafer fabrication facilities for the fabrication of semiconductor wafers and on a limited number of suppliers of other materials, and the failure of any of these suppliers or additional suppliers to supply wafers or other materials on a timely basis could harm our business and our financial results.
  • Failure to adjust our supply chain volume due to changing market conditions or failure to estimate our customers’ demand could adversely affect our net sales and could result in an inability to meet customer demand or additional charges for obsolete or excess inventories or non-cancellable purchase commitments.
  • Shifts in our product mix or customer mix may result in declines in gross margin.
  • The cyclical nature of the semiconductor industry may limit our ability to maintain or improve our net sales and profitability.
  • Substantial portions of our sales are made to automotive industry suppliers. Any downturn in the automotive market could significantly harm our financial results.
  • Decreases in average selling prices of our products and increases in input costs may reduce our gross margins.
  • In the event of a disruption at one of our primary third-party wafer fabrication facilities, we may be required to transition our manufacturing capabilities to another facility, which could impact production efficiency and our ability to meet our customers’ needs.
  • If we encounter sustained yield problems or other delays at our third-party wafer fabrication facilities or in the final assembly and test of our products, we may lose sales and damage our customer relationships.
  • We have in the past and may in the future implement initiatives designed to improve our competitiveness, growth and profitability. We may fail to realize the full benefits of, and could incur significant costs relating to, any such initiatives, which could materially and adversely affect our business, financial condition and results of operations.
  • Our quarterly net sales and operating results are difficult to predict accurately and may fluctuate significantly from period to period. As a result, we may fail to meet the expectations of investors, which could cause our stock price to decline.
  • Our dependence on our manufacturing operations in the Philippines exposes us to certain risks that may harm our business.
  • A significant portion of our net sales are generated through distributors, which subjects us to certain risks.
  • Events beyond our control could have an adverse effect on our business, financial condition, results of operations and cash flows.
  • Our business, financial condition, results of operations, liquidity and prospects have been, and may continue to be, adversely affected by health epidemics, pandemics and other outbreaks of infectious disease, including the current COVID-19 pandemic.
  • If we fail in a timely and cost-effective manner to develop new product features or new products that address customer preferences and achieve market acceptance, our operating results could be adversely affected.
  • We may not be able to effectively manage our growth, and we may need to incur significant expenditures to address the additional operational and control requirements of our growth, either of which could harm our business and operating results.
  • We depend on growth in the end markets that use our products. Any slowdown in the growth of these end markets could adversely affect our financial results.
  • The loss of one or more significant end customers could have a material adverse effect on our business and results of operations.
  • Our competitive position could be adversely affected if we are unable to meet customers’ quality requirements.
  • The nature of the design win process requires us to incur expenses without any guarantee that research and development efforts will generate net sales, which could adversely affect our financial results.
  • Even if we succeed in securing design wins for our products, we may not generate timely or sufficient net sales or margins from those wins and our financial results could suffer.
  • Changes in government trade policies, including the imposition of tariffs and export restrictions, could limit our ability to sell products to certain customers or limit demand from certain customers, which may materially and adversely affect our sales and results of operations.
  • Warranty claims, product liability claims and product recalls could harm our business, results of operations and financial condition.
  • Our dependence on international customers and operations also subjects us to a range of other additional regulatory, operational, financial and political risks that could adversely affect our financial results.
  • End-user demand for certain HEVs, EVs and green energy products often depends on the availability of rebates, tax credits and other financial incentives. The reduction, modification, expiration or elimination of such government economic incentives could reduce end-user demand and thus affect our customers’ demand for our products.
  • We will lose sales if we are unable to obtain government authorization to export certain of our products, and we will be subject to legal and regulatory consequences if we do not comply with applicable export control laws and regulations.
  • Changing currency exchange rates may adversely affect our business, financial condition, results of operations and cash flows.
  • We have pursued and expect to continue to pursue acquisitions of and investments in new businesses, products or technologies, joint ventures and other strategic transactions that involve numerous risks and could disrupt our business and harm our financial condition and results of operations.
  • Our ability to raise capital in the future may be limited and could prevent us from executing our growth strategy.
  • Our indebtedness may limit our flexibility to operate our business and adversely affect our financial health and competitive position.
  • We depend on key and highly skilled personnel to operate our business, and if we are unable to retain our current personnel and hire additional personnel, our ability to develop and market our products could be harmed, which in turn could adversely affect our financial results.
  • If we are unable to protect our proprietary technology and inventions through trade secrets, our competitive position and financial results could be adversely affected.
  • Our ability to compete successfully depends in part on our ability to commercialize our products without infringing the patent, trade secret or other intellectual property rights of others.
  • We may be subject to disruptions or breaches of our information technology systems that could irreparably damage our reputation and our business, expose us to liability and materially and adversely affect our results of operations.
  • We are subject to governmental regulation and other legal obligations, particularly related to privacy, data protection and information security, and consumer protection laws across different markets where we conduct our business. Our actual or perceived failure to comply with such obligations could harm our business.
  • Risks Related to Regulatory Compliance
  • Our failure to comply with the large body of laws and regulations to which we are subject could have a material adverse effect on our business and operations.
  • Our failure to comply with the Foreign Corrupt Practices Act, other applicable anti-corruption and anti-bribery laws, and applicable trade control laws could subject us to penalties and other adverse consequences.
  • In order to comply with environmental and occupational health and safety laws and regulations, we may need to modify our activities or incur substantial costs, and such laws and regulations, including any failure to comply with such laws and regulations, could subject us to substantial costs, liabilities, obligations and fines, or require us to have our suppliers alter their processes.
  • Risks Related to Ownership of Our Common Stock
  • Our principal stockholders Sanken and OEP will continue to have substantial control over us, which could limit your ability to influence the outcome of key transactions, including a change of control, and otherwise affect the prevailing market price of our common stock.
  • Our Certificate of Incorporation provides that the doctrine of “corporate opportunity” does not apply with respect to any director or stockholder who is not employed by us or our subsidiaries.
  • Future sales of shares by our stockholders could cause the market price of our common stock to drop significantly, even if our business is doing well.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our stock incentive plans or otherwise could dilute the ownership and voting power of existing stockholders.
  • We do not expect to declare or pay any dividends on our common stock for the foreseeable future.
  • Provisions in our Certificate of Incorporation and Bylaws and under the DGCL contain anti-takeover provisions that could prevent or discourage a takeover.
  • Our Certificate of Incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Failure to comply with requirements to design, implement and maintain effective internal control over financial reporting could have a material adverse effect on our business and stock price.
  • We are an “emerging growth company,” and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
  • We could be subject to changes in tax rates or the adoption of new tax legislation, whether in or out of the United States, or could otherwise have exposure to additional tax liabilities, which could adversely affect our results of operations or financial condition.
  • If equity research analysts or industry analysts do not publish research or reports about our business, or if they change their recommendations regarding our stock adversely, our stock price and trading volume could decline.
  • Uncertainty relating to the LIBOR calculation process and potential phasing out of LIBOR after 2021 may adversely affect the market value of our current or future debt obligations.
Management Discussion
  • (1)Our total net sales for the periods presented above include related party net sales generated through our distribution agreement with Sanken. See our unaudited consolidated financial statements included elsewhere in this Quarterly Report for additional information regarding our related party net sales for the periods set forth above.
  • Total net sales increased by $73.1 million, or 63.6%, to $188.1 million in the three-month period ended June 25, 2021 from $115.0 million in the three-month period ended June 26, 2020. This increase was primarily due to the continued economic recovery and increase in demand for advanced driver assistance systems, as well as higher demand for data center and industrial automation applications. Gaming and other consumer applications also contributed to the increase in total net sales.
  • The increase in net sales by market was driven by increases in automotive of $57.1 million, or 74.8%, industrial of $9.9 million, or 48.5%, and other of $6.1 million, or 33.4%.
Content analysis
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Readability
H.S. sophomore Avg

Patents

GRANT
Utility
Packages for coil actuated position sensors
27 Jul 21
An apparatus comprises a first substrate and two coils supported by the first substrate and arranged next to each other, the coils configured to each generate a magnetic field which produces eddy currents in and a reflected magnetic field from a conductive target, the two coils arranged so their respectively generated magnetic fields substantially cancel each other in an area between the coils.
GRANT
Utility
TMR magnetic sensor
27 Jul 21
Methods and apparatus for a TMR-based sensor having a first magnetic field sensing element comprising a bridge having first, second, third, and fourth legs.
GRANT
Utility
Switch turn on in a gate driver circuit
27 Jul 21
In one aspect, a gate driver circuit includes a gate driver having a first input connected to a first node and a second input connected to a second node.
APP
Utility
Single Channel Magnetoresistance-based Angle Sensor
22 Jul 21
In one aspect, an angle sensor includes analog circuitry configured to generate an analog value having a tangent value, an analog-to-digital converter configured to convert the analog value to a digital value and digital circuitry configured to receive the digital value.
APP
Utility
Current Sensor Integrated Circuits
22 Jul 21
A current sensor integrated circuit (IC) includes a unitary lead frame having at least one first lead having a terminal end, at least one second lead having a terminal end, and a paddle having a first surface and a second opposing surface.