Allegro MicroSystems (NASDAQ:ALGM) Releases Q3 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.04-0.08 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $170-180 million, compared to the consensus revenue estimate of $203.76 million. Allegro MicroSystems also updated its Q3 2025 guidance to 0.040-0.080 EPS.

Analyst Ratings Changes

Several research firms have recently commented on ALGM. 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 research report on Friday. Mizuho set a $26.00 price target on shares of Allegro MicroSystems in a research note on Friday, October 18th. Needham & Company LLC cut their price target on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Finally, UBS Group initiated coverage on Allegro MicroSystems in a report on Tuesday, September 3rd. They issued a “buy” rating and a $33.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $32.13.

Allegro MicroSystems Price Performance

Shares of NASDAQ ALGM traded up $0.26 during mid-day trading on Friday, reaching $21.10. The company had a trading volume of 2,519,452 shares, compared to its average volume of 1,946,156. The company has a 50-day moving average price of $22.24 and a two-hundred day moving average price of $25.92. The stock has a market cap of $4.09 billion, a PE ratio of 55.53 and a beta of 1.67. The company has a current ratio of 4.65, a quick ratio of 2.98 and a debt-to-equity ratio of 0.18. Allegro MicroSystems has a 1-year low of $19.71 and a 1-year high of $33.26.

Allegro MicroSystems (NASDAQ:ALGM) last announced its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $166.90 million during the quarter, compared to analysts’ expectations of $165.04 million. Allegro MicroSystems had a net margin of 7.91% and a return on equity of 13.88%. The business’s revenue for the quarter was down 40.0% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. On average, equities analysts anticipate that Allegro MicroSystems will post 0.16 earnings per share for the current year.

Insider Activity at Allegro MicroSystems

In related news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $23.16, for a total transaction of $232,001,015.40. Following the completion of the sale, the insider now directly owns 59,732,782 shares in the company, valued at approximately $1,383,411,231.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.