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 (EPS) guidance of $0.04-0.08 for the period, compared to the consensus 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 Upgrades and Downgrades

ALGM has been the subject of several recent analyst reports. UBS Group began coverage on Allegro MicroSystems in a report on Tuesday, September 3rd. They issued a “buy” rating and a $33.00 target price for the company. Needham & Company LLC reduced their price objective on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Mizuho set a $26.00 target price on Allegro MicroSystems in a research report on Friday, October 18th. Finally, Barclays reduced 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. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Allegro MicroSystems has a consensus rating of “Buy” and an average target price of $32.13.

Allegro MicroSystems Price Performance

Allegro MicroSystems stock traded up $0.26 during mid-day trading on Friday, hitting $21.10. The stock had a trading volume of 2,519,452 shares, compared to its average volume of 1,946,156. 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 one year low of $19.71 and a one year high of $33.26. The firm’s 50 day moving average is $22.24 and its 200 day moving average is $25.92. The firm has a market capitalization of $4.09 billion, a P/E ratio of 55.53 and a beta of 1.67.

Allegro MicroSystems (NASDAQ:ALGM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Allegro MicroSystems had a net margin of 7.91% and a return on equity of 13.88%. The company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.04 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was down 40.0% on a year-over-year basis. On average, sell-side analysts forecast that Allegro MicroSystems will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Allegro MicroSystems news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the company’s 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 sale, the insider now owns 59,732,782 shares in the company, valued at approximately $1,383,411,231.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by company 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.