Allegro MicroSystems will showcase innovative power and sensing solutions at CES 2025, focusing on energy efficiency and sustainability.
Quiver AI Summary
Allegro MicroSystems, Inc., a leader in power and sensing solutions, announced its plans to showcase innovative technologies at CES 2025 in Las Vegas from January 7-10. The company will present its advancements in high-resolution magnetic sensors, next-generation power ICs, and 48V solutions aimed at improving energy efficiency and sustainability in industries like automotive and clean energy. Key products include optimized 48V motor drivers for electric vehicles, XtremeSense™ TMR sensors for various applications, and Silicon Carbide gate drivers that enhance power conversions. Allegro emphasizes the opportunity to connect with industry leaders and demonstrate its commitment to innovation through live demonstrations and networking opportunities during the event.
Potential Positives
- Allegro MicroSystems is showcasing its latest innovations at CES 2025, highlighting its advanced portfolio that addresses energy efficiency and performance, which positions the company as a leader in the industry.
- The introduction of new technologies, such as 48V Motor Drivers and XtremeSense™ TMR Sensors, demonstrates Allegro's commitment to enhancing system performance in critical sectors like automotive and clean energy.
- Live demonstrations and the opportunity for direct engagement with industry leaders at CES will strengthen Allegro's visibility and networking capabilities, potentially leading to new partnerships and business opportunities.
- The company’s long history and expertise in magnetic sensing and power ICs reinforce its reputation as a pioneer in "automotive grade" technology, appealing to customers in high-demand sectors.
Potential Negatives
- Event participation does not necessarily guarantee product success or market adoption, raising questions about the effectiveness of the showcased innovations.
- The mention of advanced portfolio may signal underlying competitive pressures in fast-evolving markets, such as automotive and clean energy, where continuous innovation is essential.
- Limited details on the specific impact or advantages of new technologies could lead to uncertainty about their differentiation compared to competitors' offerings.
FAQ
What will Allegro showcase at CES 2025?
Allegro will highlight high-resolution magnetic sensors, next-gen power ICs, and innovative 48V solutions at CES 2025.
Where is Allegro's hospitality suite located during CES 2025?
Allegro's hospitality suite is located at the Renaissance Las Vegas Hotel during CES 2025.
Who can participate in meetings with Allegro at CES 2025?
Journalists, analysts, customers, and partners can request meetings with Allegro representatives at CES 2025.
What industries does Allegro's technologies target?
Allegro's technologies are tailored for automotive, clean energy, and automation markets.
How does Allegro enhance energy efficiency?
Allegro's advanced portfolio includes solutions designed to maximize energy efficiency and system performance in various applications.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ALGM Congressional Stock Trading
Members of Congress have traded $ALGM stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 10/17 and 1 sale worth up to $15,000 on 09/16.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$ALGM Insider Trading Activity
$ALGM insiders have traded $ALGM stock on the open market 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ALGM stock by insiders over the last 6 months:
- MICHAEL DOOGUE (SVP, CTO) purchased 15,000 shares.
- VINEET A NARGOLWALA (President and CEO) has traded it 2 times. They made 2 purchases, buying 5,000 shares and 0 sales.
- ELECTRIC CO., LTD. SANKEN has traded it 2 times. They made 0 purchases and 2 sales, selling 38,767,315 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ALGM Hedge Fund Activity
We have seen 159 institutional investors add shares of $ALGM stock to their portfolio, and 164 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 8,534,089 shares (+43.3%) to their portfolio in Q3 2024
- BLACKROCK, INC. added 6,208,748 shares (+93.6%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 6,043,477 shares (+69.7%) to their portfolio in Q3 2024
- CAPITAL RESEARCH GLOBAL INVESTORS added 5,414,432 shares (+inf%) to their portfolio in Q3 2024
- WELLINGTON MANAGEMENT GROUP LLP added 3,059,634 shares (+inf%) to their portfolio in Q3 2024
- INVESCO LTD. removed 2,662,830 shares (-45.0%) from their portfolio in Q3 2024
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 2,130,219 shares (-98.9%) from their portfolio in Q3 2024
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Full Release
MANCHESTER, N.H., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Allegro MicroSystems, Inc. (“Allegro”) (Nasdaq: ALGM), a global leader in power and sensing solutions for motion control and energy-efficient systems, today announced plans to showcase its latest innovations at CES 2025, taking place January 7-10, 2025, in Las Vegas, Nevada.
During the event, Allegro will highlight its advanced portfolio of high-resolution magnetic sensors, next-generation power ICs and innovative 48V solutions at its hospitality suite in the Renaissance Las Vegas Hotel. These technologies, tailored for the automotive, clean energy and automation markets, are designed to advance energy efficiency, system performance and sustainability.
Key Highlights Include:
- 48V Motor Drivers: Optimized for energy efficiency and faster cooling in AI data centers and electric vehicles (EVs)
-
XtremeSense™ TMR Sensors:
Offer unparalleled sensitivity and reliability for automotive, industrial and consumer devices
- Silicon Carbide (SiC) Gate Drivers: Simplify the design of power conversion systems for EVs and clean energy solutions
- Micropower Switches and Latches: Maximize battery life in power-constrained consumer and industrial devices
- Inductive Position Sensors: Provide precise motor position sensing for EVs and robotics
- LiveBench Platform: Enables on-demand evaluation of product features, anytime and anywhere
“We’re excited to participate in CES 2025, which provides an incredible opportunity to showcase Allegro’s latest innovations in sensing and power solutions,” said Ram Sathappan, Vice President, Global Marketing & Applications at Allegro MicroSystems. “Our focus is on empowering customers to overcome performance and efficiency challenges. We look forward to engaging with industry leaders and demonstrating how our technology is driving a smarter, more efficient future.”
Live Demonstrations & Networking Opportunities
As part of its CES activities, Allegro will conduct live demonstrations of its solutions, reinforcing its commitment to innovation and efficiency. Company representatives, including members of Allegro’s executive leadership team, will be available to meet with journalists, analysts, customers and partners throughout the event.
To request a meeting at CES, please complete this form .
For more information, please visit https://www.allegromicro.com/en/ .
About Allegro MicroSystems
Allegro MicroSystems, Inc. is leveraging more than three decades of expertise in magnetic sensing and power ICs to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability. Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in “automotive grade” technology and a partner in our customers' success. For additional information, please visit
https://www.allegromicro.com/en/
.
Media Contact:
Tyler Weiland
Corporate Communications
(972) 571-7834
[email protected]
Allegro Contact:
Laura Kozikowski
Sr. Director of Global Marketing
[email protected]
