Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.040-0.080 for the period, compared to the consensus estimate of 0.120. The company issued revenue guidance of $170.0 million-$180.0 million, compared to the consensus revenue estimate of $204.7 million. Allegro MicroSystems also updated its Q3 guidance to $0.04-0.08 EPS.
Analyst Ratings Changes
Several research firms recently commented on ALGM. UBS Group started coverage on Allegro MicroSystems in a research note on Tuesday, September 3rd. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC cut their target price on shares of Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday. Mizuho set a $26.00 price target on shares of Allegro MicroSystems in a research note on Friday, October 18th. Finally, Barclays lowered their price target on shares of Allegro MicroSystems from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Friday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Allegro MicroSystems presently has a consensus rating of “Buy” and a consensus target price of $32.13.
Read Our Latest Research Report on Allegro MicroSystems
Allegro MicroSystems Stock Up 1.2 %
Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Allegro MicroSystems had a net margin of 7.91% and a return on equity of 13.88%. The firm had revenue of $187.39 million for the quarter, compared to analyst estimates of $187.52 million. During the same period last year, the business earned $0.36 EPS. Allegro MicroSystems’s revenue for the quarter was down 32.0% compared to the same quarter last year. On average, equities analysts forecast that Allegro MicroSystems will post 0.16 earnings per share for the current year.
Insider Activity
In other news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $23.16, for a total value of $232,001,015.40. Following the completion of the sale, the insider now directly owns 59,732,782 shares of the company’s stock, valued at approximately $1,383,411,231.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.
Allegro MicroSystems Company Profile
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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.
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