Vontobel Holding Ltd. Increases Investment in Allegro MicroSystems,
December 28, 2023
🌥️Trending News
Vontobel Holding Ltd. has recently increased their holdings in Allegro ($NASDAQ:ALGM) MicroSystems, Inc. The New York-based semiconductor company is a leading developer and manufacturer of advanced integrated circuits for motor control and power conversion applications. Allegro MicroSystems Inc. is best known for their innovative designs, including the world’s first digital-output Hall effect current sensor ICs and unique linear Hall effect solutions. They offer a wide range of products including power ICs for automotive applications, brushless DC motor control solutions, and drivers for electric motors. With a focus on energy efficiency and advanced technology, Allegro sets the standard for high performance motion control components. The increased investment from Vontobel Holding Ltd. is further evidence of Allegro’s strength in the industry.
It is also a sign of confidence in the company’s future prospects, as they continue to develop new solutions for motor control and power conversion applications. With decades of experience and a passion for quality components, Allegro MicroSystems is poised to remain a leader in the industry for years to come.
Stock Price
Following this news, the stock opened at $31.1 and closed at $31.2, up by 1.0% from its prior closing price of $30.9. This indicates that investors have a positive outlook on the company and believe in its profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allegro Microsystems. More…
| Total Revenues | Net Income | Net Margin |
| 1.07k | 252.96 | 23.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allegro Microsystems. More…
| Operations | Investing | Financing |
| 197.79 | -104.67 | -21.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allegro Microsystems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.28k | 186.65 | 5.7 |
Key Ratios Snapshot
Some of the financial key ratios for Allegro Microsystems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.3% | 79.6% | 26.6% |
| FCF Margin | ROE | ROA |
| 7.2% | 16.8% | 13.9% |
Analysis
After conducting an analysis of ALLEGRO MICROSYSTEMS‘ financials, GoodWhale has concluded that this company is strong in asset, growth, and profitability, but weak in dividend. Based on our Star Chart, we have classified ALLEGRO MICROSYSTEMS as a ‘gorilla’, meaning that they have achieved sustained and high revenue and/or earnings growth due to their strong competitive advantage. Naturally, investors interested in such a company would be those who are looking for long-term investments that will yield steady returns over the years. ALLEGRO MICROSYSTEMS also has a high health score of 10/10 with regard to its cashflows and debt, which indicates their capability to pay off debt while still having enough funds to support future operations. More…
Peers
Its main competitors are Foshan Nationstar Optoelectronics Co Ltd, Tekcore Co Ltd, and O2Micro International Ltd.
– Foshan Nationstar Optoelectronics Co Ltd ($SZSE:002449)
Foshan Nationstar Optoelectronics Co Ltd is a leading manufacturer of optoelectronic products and solutions. The company has a market cap of 5.14B as of 2022 and a return on equity of 3.64%. The company’s products are used in a wide range of applications including lighting, display, solar energy, and more.
– Tekcore Co Ltd ($TPEX:3339)
Tekcore Co Ltd is a Taiwanese company that manufactures semiconductors and other electronic components. It has a market capitalization of 635.06 million as of 2022 and a return on equity of 5.91%. The company specializes in the production of DRAM, SRAM, and Flash memory chips, as well as other semiconductor products. It is one of the largest suppliers of memory chips to the global market.
– O2Micro International Ltd ($NASDAQ:OIIM)
O2Micro International Ltd. is a fabless semiconductor company that specializes in the design, development, and commercialization of integrated circuits (ICs) and solutions for the power management and power conversion markets. The company’s products are used in a variety of end-markets, including notebook computers, monitors, motherboards, servers, cell phones, hand-held devices, digital cameras, and home appliances.
O2Micro International Ltd. has a market capitalization of $125.21 million as of March 2021 and a return on equity of 6.96%. The company’s products are used in a variety of end-markets, including notebook computers, monitors, motherboards, servers, cell phones, hand-held devices, digital cameras, and home appliances.
Summary
Vontobel Holding Ltd. recently reported an increased stock holding in Allegro MicroSystems, Inc., a global leader in developing high-precision power and sensor IC solutions for a wide range of automotive, industrial, and consumer applications. While there is no guarantee of future performance of any stock, Allegro MicroSystems looks set to continue to be an attractive investment choice for the foreseeable future.
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