Allegro MicroSystems (NASDAQ:ALGM) Updates Q1 2025 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.010-0.030 for the period, compared to the consensus earnings per share estimate of 0.170. The company issued revenue guidance of $160.0 million-$170.0 million, compared to the consensus revenue estimate of $214.3 million. Allegro MicroSystems also updated its Q1 guidance to $0.01-$0.03 EPS.

Allegro MicroSystems Trading Down 17.4 %

Shares of Allegro MicroSystems stock traded down $5.10 during trading on Thursday, reaching $24.26. The company’s stock had a trading volume of 1,032,280 shares, compared to its average volume of 1,633,420. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 21.20 and a beta of 1.72. The firm’s 50-day moving average is $28.29 and its two-hundred day moving average is $28.39. Allegro MicroSystems has a 52-week low of $23.64 and a 52-week high of $53.05. The company has a quick ratio of 3.19, a current ratio of 4.57 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALGM shares. Needham & Company LLC lowered their target price on Allegro MicroSystems from $44.00 to $40.00 and set a buy rating for the company in a research note on Friday, February 2nd. Evercore ISI initiated coverage on shares of Allegro MicroSystems in a research note on Tuesday, April 16th. They set an outperform rating and a $36.00 price objective for the company. TD Cowen boosted their price target on Allegro MicroSystems from $32.00 to $35.00 and gave the company an outperform rating in a report on Friday, February 2nd. Finally, Wolfe Research upgraded Allegro MicroSystems from a peer perform rating to an outperform rating and set a $35.00 price objective on the stock in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $44.50.

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; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components.