Allegro MicroSystems (ALGM) to Release Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) will release its earnings data before the market opens on Thursday, October 31st. Analysts expect Allegro MicroSystems to post earnings of $0.06 per share for the quarter. Allegro MicroSystems has set its Q2 2025 guidance at 0.040-0.080 EPS and its Q2 guidance at $0.04-$0.08 EPS.Investors interested in participating in the company's conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $166.90 million during the quarter, compared to the consensus estimate of $165.04 million. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The firm's quarterly revenue was down 40.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share.

Allegro MicroSystems Trading Up 3.7 %

Shares of Allegro MicroSystems stock traded up $0.77 during trading hours on Thursday, reaching $21.58. The stock had a trading volume of 1,782,142 shares, compared to its average volume of 1,924,186. 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 1 year low of $19.71 and a 1 year high of $33.26. The firm has a 50 day simple moving average of $22.62 and a two-hundred day simple moving average of $26.16. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 26.71 and a beta of 1.67.

Insider Activity at Allegro MicroSystems

In related news, major shareholder Electric Co. Ltd. Sanken sold 28,750,000 shares of Allegro MicroSystems stock in a transaction on Monday, July 29th. The shares were sold at an average price of $23.16, for a total value of $665,850,000.00. Following the completion of the sale, the insider now owns 69,750,097 shares in the company, valued at approximately $1,615,412,246.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ALGM has been the topic of several recent research reports. Mizuho set a $26.00 target price on shares of Allegro MicroSystems in a report on Friday, October 18th. Needham & Company LLC restated a "buy" rating and set a $33.00 price objective on shares of Allegro MicroSystems in a research note on Friday, August 2nd. Finally, UBS Group assumed coverage on Allegro MicroSystems in a research note on Tuesday, September 3rd. They issued a "buy" rating and a $33.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $33.38.

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.