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ALGM Price Correlated With Financials For Allegro MicroSystems

Free historical financial statements for Allegro MicroSystems Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 9 quarters since 2020. Compare with ALGM stock chart to see long term trends.

ALGM Stock Compared to Quarterly

ALGM Income Statement

Revenue, Net:237666000
Revenue Per Share:1.2423
Cost of Goods & Services Sold:83962000
Gross Profit:132022000
Selling, General & Admin Expense:39117000
Research & Development Expense:35567000
Total Operating Expenses:72184000
Operating Income:59838000
Income Taxes:8438000
Net Income:50648000
Earnings Per Share, Basic:0.26
Shares Outstanding, Basic Avg:191308141

ALGM Cash Flow

Operating Activities Net Income:
Depreciation, Depletion & Amortization:12207000
Change in Accounts Receiveable:-10238000
Net Cash from Operations:55251000
Net Cash from Operations Per Share:0.2888
Net Cash from Financing Activities:-5459000
Property, Plant & Equipment Purchases:20831000
Net Cash from Investing Activities:-40559000
Net Change in Cash & Equivalents:7010000

ALGM Balance Sheet

Cash and Cash Equivalents:303282000
Accounts Receivable, Net:86669000
Inventories:98426000
Total Current Assets:545485000
Property, Plant & Equipment, Net:219240000
Total Assets:979802000
Current Portion of Long-Term Debt:null
Total Short-Term Liabilities:112754000
Long Term Debt, Non-Current Portion:null
Total Liabilities:163927000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
OEP CAPITAL ADVISORS, L.P.
22,629,247 sh
 
$494,449
Vanguard Group Inc
6,633,415 sh
263,189 sh
4%
$144,940
$13,140
JPMorgan Chase & Co
4,121,095 sh
152,271 sh
4%
$90,046
$7,930
Clearbridge Investments, LLC
4,050,758 sh
9,622 sh
0%
$88,509
$4,898
Allspring Global Investments Holdings, LLC
3,570,730 sh
-827,973 sh
-19%
$78,020
-$12,988
FMR LLC
3,498,455 sh
-50,476 sh
-1%
$76,441
$3,014
Invesco Ltd.
3,352,145 sh
47,508 sh
1%
$73,244
$4,871
Alliancebernstein L.P.
3,104,475 sh
44,623 sh
1%
$67,833
$4,525
Blackrock Inc.
2,770,134 sh
561,330 sh
25%
$60,530
$14,831
Principal Financial Group Inc
2,431,151 sh
-7,530 sh
0%
$53,121
$2,665
Adage Capital Partners Gp, L.L.C.
2,287,304 sh
247,608 sh
12%
$49,978
$7,777
Timessquare Capital Management, LLC
2,061,800 sh
182,610 sh
10%
$45,050
$6,170
State Street Corp
2,006,565 sh
-172,587 sh
-8%
$43,843
-$1,244
Macquarie Group Ltd
1,964,733 sh
-189,219 sh
-9%
$42,944
-$1,621
Artisan Partners Limited Partnership
1,810,715 sh
-17,151 sh
-1%
$39,564
$1,745
Schroder Investment Management Group
1,620,064 sh
272,597 sh
20%
$35,399
$7,251
Goldman Sachs Group Inc
1,587,658 sh
-59,270 sh
-4%
$34,691
$616
Wellington Management Group Llp
1,496,546 sh
-55,154 sh
-4%
$32,700
$595
Federated Hermes, Inc.
1,476,756 sh
-1,130 sh
0%
$32,268
$1,691
First Trust Advisors Lp
1,433,910 sh
-44,530 sh
-3%
$31,331
$742
COMPANY PROFILE
Nature of the Business and Basis of Presentation Allegro MicroSystems, Inc., together with its consolidated subsidiaries (“AMI” or the “Company”), is a global leader in designing, developing and manufacturing sensing and power solutions for motion control and energy-efficient systems in automotive and industrial markets. The Company was incorporated under the laws of Delaware on March 30, 2013 under the name of Sanken North America, Inc. (“SKNA”) as a wholly owned subsidiary of Sanken Electric Co., Ltd. (“Sanken”). In October 2017, Sanken sold 28.8% of the common stock of SKNA to One Equity Partners (“OEP”). In April 2018, SKNA filed a certificate of amendment in the state of Delaware to change its name to Allegro MicroSystems, Inc. The Company is headquartered in Manchester, New Hampshire and has a global footprint with 16 locations across four continents.

On November 2, 2020, the Company completed its Initial Public Offering (“IPO”) of 28,750,000 shares of its common stock at an offering price of $14.00 per share, of which 25,000,000 shares were sold by the Company and 3,750,000 shares were sold by selling stockholders, resulting in net proceeds to the Company of approximately $321,425 after deducting $20,125 of underwriting discounts and $8,450 of offering costs. The Company’s common stock is now listed on the Nasdaq Global Select Market under the ticker symbol “ALGM.”

On March 28, 2020, the Company entered into an agreement to divest a majority of its ownership interest in Polar Semiconductor, Inc. (“PSL”) to Sanken, in order to better align with its fabless, asset-lite scalable manufacturing strategy (the “PSL Divestiture”). In order to affect this in-kind, non-cash transaction, Sanken contributed the forgiveness of the fair value of the entire related party notes payable of $42,700 owed to Sanken and the Company contributed the forgiveness of the fair value of $15,000 out of the $66,377 total debt owed by PSL to the Company, which was previously eliminated in consolidation. The entire net receivable balance of $51,377 plus accrued interest of $762 was repaid on October 14, 2020. Following the divestiture, Sanken held a 70% majority share in PSL with the Company retaining a 30% minority shareholder interest. The investment was recorded for the 30%, totaling $25,250 at the divestiture date. Beginning with reporting periods on and after March 28, 2020, the investment is included on the Company’s balance sheet as an equity investment in a related party, including $1,007 and $1,413 of income earned during the fiscal years ended March 25, 2022 and March 26, 2021.

In addition, the difference between the fair value contributed by both parties at the consummation of this transaction and the book value was treated as an adjustment of capitalization changes related to organizational structure of affiliates and direct and indirect interests in subsidiaries within additional paid-in capital of $19,165 at March 26, 2021. This amount includes an estimated tax effect of $1,552 for the fiscal year ended March 26, 2021.

On March 28, 2020, in connection with the divestiture described above, the Company also formally terminated its distribution agreement with Sanken to distribute Sanken’s products and entered into a transitional services agreement with PSL, which contracted with Sanken as its new channel for fulfillment of Sanken product sales in North America and Europe. Sanken will continue to provide distribution support for the Company’s products in Japan. See Note 21, “Related Party Transactions” for further discussion.

Impact of the COVID-19 Pandemic

On March 11, 2020, the COVID-19 outbreak was declared a pandemic by the World Health Organization. The pandemic has resulted in governments around the world implementing increasingly stringent measures to help control the spread of the virus, including quarantines, “shelter in place” and “stay at home” orders, travel restrictions, business curtailments, school closures and other mea

Data imported from Allegro MicroSystems Inc. SEC filings. Check original filings before making any investment decision.