Allegro MicroSystems (NASDAQ:ALGM) Issues Quarterly Earnings Results

Allegro MicroSystems (NASDAQ:ALGM) posted its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01, Briefing.com reports. The firm had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.04 million. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The company’s quarterly revenue was down 40.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. Allegro MicroSystems updated its Q2 2025 guidance to 0.040-0.080 EPS and its Q2 guidance to $0.04-$0.08 EPS.

Allegro MicroSystems Trading Down 5.7 %

Shares of ALGM stock traded down $1.38 during mid-day trading on Friday, reaching $22.79. 4,494,331 shares of the stock traded hands, compared to its average volume of 3,044,053. The stock’s fifty day simple moving average is $28.67 and its two-hundred day simple moving average is $28.72. Allegro MicroSystems has a 1-year low of $22.31 and a 1-year high of $43.59. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 29.22 and a beta of 1.68. The company has a quick ratio of 3.48, a current ratio of 4.65 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ALGM shares. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of Allegro MicroSystems in a research report on Friday. TD Cowen raised their price target on Allegro MicroSystems from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Evercore ISI started coverage on Allegro MicroSystems in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Barclays decreased their price target on Allegro MicroSystems from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Finally, Jefferies Financial Group started coverage on Allegro MicroSystems in a research report on Monday, May 13th. They issued a “buy” rating and a $37.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Allegro MicroSystems currently has an average rating of “Moderate Buy” and an average target price of $34.63.

Insider Activity

In other news, major shareholder Electric Co. Ltd. Sanken sold 28,750,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $23.16, for a total transaction of $665,850,000.00. Following the completion of the transaction, the insider now directly owns 69,750,097 shares in the company, valued at $1,615,412,246.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Electric Co. Ltd. Sanken sold 28,750,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $23.16, for a total transaction of $665,850,000.00. Following the completion of the transaction, the insider now directly owns 69,750,097 shares in the company, valued at $1,615,412,246.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard R. Lury sold 8,500 shares of Allegro MicroSystems stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $30.00, for a total value of $255,000.00. Following the completion of the sale, the director now owns 23,001 shares of the company’s stock, valued at $690,030. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

About Allegro MicroSystems

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.