Allegro MicroSystems (NASDAQ:ALGM) Issues Q3 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) updated its third quarter earnings guidance on Thursday. The company provided EPS guidance of $0.04-0.08 for the period, compared to the consensus EPS 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.

Allegro MicroSystems Stock Performance

ALGM traded up $0.26 during midday trading on Friday, reaching $21.10. The company’s stock had a trading volume of 2,519,452 shares, compared to its average volume of 1,946,156. Allegro MicroSystems has a twelve month low of $19.71 and a twelve month high of $33.26. The stock has a market cap of $4.09 billion, a P/E ratio of 55.53 and a beta of 1.67. The company has a fifty day simple moving average of $22.24 and a 200 day simple moving average of $25.92. 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 (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $166.90 million during the quarter, compared to the consensus estimate 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 was down 40.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Research analysts expect that Allegro MicroSystems will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays decreased their target price on Allegro MicroSystems from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group began coverage on Allegro MicroSystems in a research report on Tuesday, September 3rd. They set a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC reduced their target price on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Mizuho set a $26.00 price target on shares of Allegro MicroSystems in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat, Allegro MicroSystems presently has a consensus rating of “Buy” and a consensus price target of $32.13.

Insider Activity at Allegro MicroSystems

In other 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 owns 59,732,782 shares of the company’s stock, 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 filing with the SEC, which is accessible through this link. 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.