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MANCHESTER, N.H. - Semiconductor company Allegro MicroSystems, Inc. (NASDAQ:ALGM), a $5 billion market cap company currently trading at $27.41, has appointed Troy Coleman as Senior Vice President, General Manager, Products, effective Tuesday, the company announced in a press release. According to InvestingPro data, nine analysts have recently revised their earnings expectations upward for the upcoming period.
Coleman will lead Allegro’s product portfolios and drive growth initiatives in the company’s power and sensing solutions. He joins Allegro from Texas Instruments, where he served as Vice President of the Linear Power Business Unit, managing over $1 billion in revenue across multiple product lines.
"Troy’s leadership, deep industry experience, and proven ability to grow profitable businesses at scale will be invaluable as we execute our automotive and industrial growth strategies," said Mike Doogue, President and Chief Executive Officer of Allegro.
Coleman brings more than 25 years of semiconductor industry experience to the role, with expertise in analog mixed signal and power products for automotive and industrial markets. He holds a Bachelor of Science in Electrical Engineering from Texas A&M University.
In his new position, Coleman will focus on accelerating product development and expanding market presence in key areas including e-mobility, clean energy, and robotics applications.
Allegro MicroSystems develops and manufactures power and sensing semiconductor solutions for motion control and energy-efficient systems, serving automotive and industrial markets.
In other recent news, Allegro MicroSystems reported stronger-than-expected results for the start of its fiscal year 2026. The company exceeded analyst forecasts with earnings per share of $0.09, surpassing the expected $0.08, and reported revenue of $203.4 million, which was 2.77% above expectations. Allegro also provided guidance for the September quarter, projecting revenue of approximately $210 million, slightly above the consensus estimate of $208 million. Following these results, Needham raised its price target for Allegro to $37, maintaining a Buy rating, while Mizuho increased its target to $40, citing growth in E-Mobility and Data Center segments and maintaining an Outperform rating. In related developments, Kopin Corporation appointed Erich Manz as its new Chief Financial Officer. Manz brings over 30 years of financial experience and recently served as Business Unit CFO at Allegro MicroSystems. These recent developments indicate ongoing strategic changes and positive financial performance within the companies.
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