Allegro MicroSystems (NASDAQ:ALGM) Issues Q3 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) updated its third quarter earnings guidance on Thursday. 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.

Allegro MicroSystems Trading Down 1.2 %

Shares of ALGM stock opened at $21.95 on Thursday. The company has a market cap of $4.26 billion, a P/E ratio of 58.47 and a beta of 1.67. Allegro MicroSystems has a fifty-two week low of $19.71 and a fifty-two week high of $33.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.98 and a current ratio of 4.65. The stock has a 50 day simple moving average of $22.39 and a two-hundred day simple moving average of $26.00.

Allegro MicroSystems (NASDAQ:ALGM) last posted its 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 company had revenue of $166.90 million for the quarter, compared to analyst estimates of $165.04 million. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The company’s revenue for the quarter was down 40.0% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Research analysts forecast that Allegro MicroSystems will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Mizuho set a $26.00 price objective on shares of Allegro MicroSystems in a report on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Allegro MicroSystems in a research note on Friday, August 2nd. Finally, UBS Group assumed coverage on shares of Allegro MicroSystems in a report on Tuesday, September 3rd. They set a “buy” rating and a $33.00 target price on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Allegro MicroSystems currently has an average rating of “Buy” and an average price target of $33.38.

Insider Buying and Selling at Allegro MicroSystems

In other Allegro MicroSystems news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $23.16, for a total value of $232,001,015.40. Following the transaction, the insider now owns 59,732,782 shares in the company, valued at approximately $1,383,411,231.12. The trade was 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 the SEC website. Company 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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.