Allegro MicroSystems (NASDAQ:ALGM) Releases Q3 Earnings Guidance

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

Allegro MicroSystems Price Performance

NASDAQ ALGM opened at $21.95 on Thursday. 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 12 month low of $19.71 and a 12 month high of $33.26. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 58.47 and a beta of 1.67. The company’s 50 day moving average is $22.39 and its two-hundred day moving average is $26.00.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The business had revenue of $166.90 million during the quarter, compared to analyst estimates of $165.04 million. During the same quarter in the prior year, the business posted $0.34 EPS. Allegro MicroSystems’s revenue for the quarter was down 40.0% compared to the same quarter last year. As a group, research analysts anticipate that Allegro MicroSystems will post 0.16 earnings per share for the current year.

Analysts Set New Price Targets

ALGM has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of Allegro MicroSystems in a research note on Friday, August 2nd. UBS Group began coverage on Allegro MicroSystems in a research note on Tuesday, September 3rd. They set a “buy” rating and a $33.00 price target for the company. Finally, Mizuho set a $26.00 price target on Allegro MicroSystems in a report on Friday, October 18th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $33.38.

Insider Buying and Selling

In related news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of Allegro MicroSystems stock in a transaction dated 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 transaction, the insider now directly owns 59,732,782 shares of the company’s stock, valued at approximately $1,383,411,231.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is owned by corporate 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.