Allegro MicroSystems (NASDAQ:ALGM) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Allegro MicroSystems (NASDAQ:ALGM) issued its quarterly earnings data on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02, Briefing.com reports. Allegro MicroSystems had a net margin of 7.91% and a return on equity of 13.88%. The firm had revenue of $187.39 million for the quarter, compared to analyst estimates of $187.52 million. During the same period in the previous year, the firm earned $0.36 EPS. Allegro MicroSystems’s revenue was down 32.0% on a year-over-year basis. Allegro MicroSystems updated its Q3 guidance to $0.04-0.08 EPS and its Q3 2025 guidance to 0.040-0.080 EPS.

Allegro MicroSystems Stock Up 1.2 %

ALGM traded up $0.26 on Friday, hitting $21.10. 2,519,452 shares of the company were exchanged, compared to its average volume of 1,946,156. The firm has a 50-day moving average price of $22.24 and a two-hundred day moving average price of $25.92. The company has a current ratio of 4.65, a quick ratio of 2.98 and a debt-to-equity ratio of 0.18. The company 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 twelve month low of $19.71 and a twelve month high of $33.26.

Wall Street Analyst Weigh In

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

Insider Transactions 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 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. 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 accessible through the SEC website. 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.