Movement Alert|Allegro MicroSystems, Inc. Falls 5.06% in Regular Trading, Semiconductor Sector Broadly Weak

Market Focus
10/13

On October 13, Allegro MicroSystems, Inc. fell 5.06% in regular trading, trading at $33.765/share, with Turnover of $41.6083 million.

Within the Semiconductors sector where Allegro MicroSystems, Inc. belongs, the overall sector performance is weak. Among individual stocks, Micron Technology down 4.05%, NVIDIA down 1.06%, Advanced Micro Devices down 2.23%, Intel down 3.13%, Marvell Technology down 3.12%.

Allegro MicroSystems, Inc., together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components. The company sells its products to original equipment manufacturers and suppliers primarily in the automotive and industrial markets through its direct sales force, third party distributors, independent sales representatives, and consignment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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