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.

Allegro MicroSystems Price Performance

Shares of Allegro MicroSystems stock traded up $0.26 during trading on Friday, hitting $21.10. 2,519,452 shares of the company’s stock traded hands, compared to its average volume of 1,946,156. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.65 and a quick ratio of 2.98. The firm’s fifty day moving average price is $22.24 and its 200 day moving average price is $25.92. Allegro MicroSystems has a twelve month low of $19.71 and a twelve month high of $33.26. The company has a market cap of $4.09 billion, a PE ratio of -150.71 and a beta of 1.69.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho set a $26.00 target price on shares of Allegro MicroSystems in a research note on Friday, October 18th. Barclays dropped their target price on shares of Allegro MicroSystems from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday. UBS Group assumed coverage on shares of Allegro MicroSystems in a research note on Tuesday, September 3rd. They issued a “buy” rating and a $33.00 target price for the company. Finally, Needham & Company LLC dropped their target price on shares of Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $32.13.

Insider Activity

In related news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the stock in a transaction on 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 owns 59,732,782 shares in the company, valued at approximately $1,383,411,231.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

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.