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

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.020-0.030 for the period, compared to the consensus estimate of 0.020. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $165.4 million. Allegro MicroSystems also updated its Q1 guidance to $0.02-0.03 EPS.

Allegro MicroSystems Price Performance

Shares of ALGM stock traded down $2.53 on Wednesday, reaching $25.13. The company’s stock had a trading volume of 3,081,940 shares, compared to its average volume of 1,590,247. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.22. Allegro MicroSystems has a 12-month low of $23.64 and a 12-month high of $52.26. The company has a market capitalization of $4.87 billion, a P/E ratio of 31.97 and a beta of 1.67. The stock’s 50 day simple moving average is $29.65 and its 200-day simple moving average is $28.92.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Allegro MicroSystems had a return on equity of 20.67% and a net margin of 14.55%. The business had revenue of $240.58 million for the quarter, compared to the consensus estimate of $235.00 million. As a group, equities analysts predict that Allegro MicroSystems will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

ALGM has been the topic of a number of research reports. Barclays lowered their price target on Allegro MicroSystems from $35.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, May 10th. Jefferies Financial Group assumed coverage on Allegro MicroSystems in a research note on Monday, May 13th. They set a buy rating and a $37.00 price objective on the stock. Mizuho reduced their price objective on Allegro MicroSystems from $45.00 to $35.00 and set a buy rating on the stock in a research note on Friday, May 10th. Evercore ISI assumed coverage on Allegro MicroSystems in a research note on Tuesday, April 16th. They set an outperform rating and a $36.00 price objective on the stock. Finally, TD Cowen raised their price objective on Allegro MicroSystems from $32.00 to $35.00 and gave the company a buy rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $37.44.

Insider Buying and Selling

In related news, Director Richard R. Lury sold 8,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $30.00, for a total value of $255,000.00. Following the sale, the director now directly owns 23,001 shares of the company’s stock, valued at $690,030. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components.