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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ALGM. Needham & Company LLC reduced their price target on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays reduced their price target 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 target on the stock. Finally, Mizuho set a $26.00 price target on Allegro MicroSystems in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Allegro MicroSystems currently has a consensus rating of “Buy” and a consensus price target of $32.13.

Allegro MicroSystems Price Performance

Shares of Allegro MicroSystems stock traded up $0.26 during midday trading on Friday, hitting $21.10. 2,519,452 shares of the company traded hands, compared to its average volume of 1,946,156. The firm’s fifty day moving average price is $22.24 and its 200-day moving average price is $25.92. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of -150.71 and a beta of 1.69. Allegro MicroSystems has a 12 month low of $19.71 and a 12 month 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.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The company had revenue of $166.90 million for the quarter, compared to the consensus estimate of $165.04 million. During the same quarter last year, the business posted $0.34 EPS. Allegro MicroSystems’s revenue for the quarter was down 40.0% on a year-over-year basis. As a group, sell-side analysts forecast 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 business’s stock in a transaction on 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 sale, the insider now owns 59,732,782 shares of the company’s stock, valued at $1,383,411,231.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.