Allegro MicroSystems (ALGM) Scheduled to Post Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is scheduled to release its earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce 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.Persons interested in listening to the company’s earnings conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company 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 firm posted $0.34 EPS.

Allegro MicroSystems Price Performance

Shares of NASDAQ:ALGM opened at $20.81 on Thursday. Allegro MicroSystems has a one year low of $19.71 and a one year high of $33.26. 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 company has a market cap of $4.03 billion, a price-to-earnings ratio of 26.68 and a beta of 1.67. The firm has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $26.20.

Insider Transactions at Allegro MicroSystems

In related news, major shareholder Electric Co. Ltd. Sanken sold 28,750,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $23.16, for a total transaction of $665,850,000.00. Following the transaction, the insider now owns 69,750,097 shares in the company, valued at $1,615,412,246.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ALGM shares. Mizuho set a $26.00 price target on Allegro MicroSystems in a research note on Friday, October 18th. UBS Group initiated coverage on shares of Allegro MicroSystems in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $33.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Allegro MicroSystems in a research note on Friday, August 2nd. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.