Allegro MicroSystems, Inc. (ALGM) Bundle
A Brief History of Allegro MicroSystems, Inc. (ALGM)
Company Overview
Allegro MicroSystems, Inc. is a global designer, developer, and manufacturer of analog and mixed-signal integrated circuits. Headquartered in Manchester, New Hampshire, the company specializes in sensor and power technologies.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $2.15 billion | $337.7 million |
| 2022 | $1.92 billion | $309.5 million |
Key Product Segments
- Automotive Sensors
- Industrial Sensing Solutions
- Power Management ICs
Stock Performance
Ticker Symbol: ALGM
Market Capitalization: $7.63 billion (as of January 2024)
Stock Price Range (2023): $32.50 - $47.75
Global Presence
| Region | Manufacturing Facilities | Sales Offices |
|---|---|---|
| North America | 2 | 5 |
| Europe | 1 | 3 |
| Asia | 3 | 6 |
Research and Development
R&D Investment in 2023: $287.6 million
Patent Portfolio: 423 active patents
Workforce
Total Employees: 2,150 (as of December 2023)
Global Employee Distribution:
- United States: 42%
- Asia: 38%
- Europe: 20%
A Who Owns Allegro MicroSystems, Inc. (ALGM)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Evergreen Capital Management LLC | 18,200,000 | 12.5% |
| Neuberger Berman Group LLC | 15,340,000 | 10.6% |
| Vanguard Group Inc. | 12,560,000 | 8.7% |
| BlackRock Inc. | 11,230,000 | 7.8% |
Top Individual Shareholders
- Ravi Vig (CEO) - 3.2% ownership
- Thomas C. Hopkins (CFO) - 1.5% ownership
- Theodore Moser (Board Member) - 1.1% ownership
Ownership Structure
Public Float: 89.6% of total shares
Insider Ownership: 10.4% of total shares
Shareholder Composition
| Category | Percentage |
|---|---|
| Institutional Investors | 76.3% |
| Mutual Funds | 12.5% |
| Individual Investors | 11.2% |
Total Outstanding Shares
144,750,000 shares as of January 2024
Allegro MicroSystems, Inc. (ALGM) Mission Statement
Company Overview
Allegro MicroSystems, Inc. is a global designer, developer, and manufacturer of analog semiconductor solutions. As of Q4 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $1.26 billion |
| Market Capitalization | $6.8 billion |
| Number of Employees | 1,800 |
Strategic Focus Areas
The company concentrates on key technological domains:
- Automotive semiconductor solutions
- Industrial automation sensing technologies
- Power management integrated circuits
- Motor control semiconductor products
Product Portfolio
| Product Category | Annual Revenue Contribution |
|---|---|
| Automotive Sensors | 62% |
| Industrial Sensors | 23% |
| Other Semiconductor Solutions | 15% |
Global Presence
Allegro MicroSystems operates in multiple geographic regions:
- North America: 45% of revenue
- Europe: 28% of revenue
- Asia-Pacific: 27% of revenue
Research and Development
R&D investment details:
| Fiscal Year | R&D Expenditure | Percentage of Revenue |
|---|---|---|
| 2023 | $187 million | 14.8% |
How Allegro MicroSystems, Inc. (ALGM) Works
Company Overview
Allegro MicroSystems, Inc. is a global semiconductor company headquartered in Manchester, New Hampshire. As of Q4 2023, the company reported annual revenue of $943.7 million.
Business Segments
The company operates across three primary market segments:
- Automotive
- Industrial
- Consumer Electronics
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $943.7 million |
| Gross Margin | 52.3% |
| Net Income | $182.4 million |
| Operating Cash Flow | $269.5 million |
Product Portfolio
Key product categories include:
- Current Sensors
- Position Sensors
- Motor Control ICs
- Speed Sensors
Market Presence
Allegro serves customers in over 45 countries, with significant market share in automotive semiconductor solutions.
Research and Development
The company invested $156.2 million in R&D during fiscal year 2023, representing 16.6% of total revenue.
Workforce
| Employee Metric | 2023 Data |
|---|---|
| Total Employees | 1,850 |
| Global Locations | 8 countries |
Stock Performance
As of December 31, 2023, ALGM stock traded at $47.23 per share, with a market capitalization of approximately $4.5 billion.
How Allegro MicroSystems, Inc. (ALGM) Makes Money
Revenue Streams
Allegro MicroSystems, Inc. generates revenue through the following product categories:
- Automotive Sensors
- Industrial Sensors
- Consumer and Computing Sensors
| Product Category | Revenue (2023) | Percentage of Total Revenue |
|---|---|---|
| Automotive Sensors | $589.7 million | 75.4% |
| Industrial Sensors | $127.3 million | 16.3% |
| Consumer and Computing Sensors | $64.5 million | 8.3% |
Financial Performance
For the fiscal year 2023, Allegro reported:
- Total Revenue: $781.5 million
- Gross Margin: 49.4%
- Operating Income: $185.2 million
- Net Income: $146.3 million
Key Market Segments
| Market Segment | Primary Applications | Revenue Contribution |
|---|---|---|
| Automotive | Electric vehicles, ADAS, powertrain | 75.4% |
| Industrial | Motor control, robotics, power supplies | 16.3% |
| Consumer | Personal electronics, computing devices | 8.3% |
Geographic Revenue Distribution
| Region | Revenue (2023) | Percentage |
|---|---|---|
| United States | $312.6 million | 40% |
| Asia | $313.8 million | 40.1% |
| Europe | $155.3 million | 19.9% |
Research and Development
R&D Investment in 2023: $104.2 million (13.3% of total revenue)
Pricing Strategy
Average Selling Price (ASP) per sensor: $3.75 to $12.50, depending on complexity and application
Allegro MicroSystems, Inc. (ALGM) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.