Allegro Microsystems is trading at $35.34, up +4.02%, as chip stocks extend a rebound, with SK Hynix’s strong results boosting semiconductor sentiment.
- Investors may also be positioning ahead of Allegro Microsystems’ fiscal Q2 2027 results, due before market open on October 29.
- Analysts expect revenue of $270.8 million and adjusted EPS of $0.24.
- No clear company-specific announcement on October 28 was identified as the direct cause of the move.