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

Allegro MicroSystems (NASDAQ:ALGM) is projected to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Allegro MicroSystems to post earnings of $0.06 per share and revenue of $176,450.00 billion for the quarter. Allegro MicroSystems has set its Q3 guidance at $0.04-0.08 EPS and its Q3 2025 guidance at 0.040-0.080 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Allegro MicroSystems had a positive return on equity of 8.48% and a negative net margin of 2.96%. The business had revenue of $187.39 million for the quarter, compared to analyst estimates of $187.52 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s revenue for the quarter was down 32.0% on a year-over-year basis.

Allegro MicroSystems Stock Up 0.1 %

ALGM opened at $25.02 on Thursday. The firm has a market cap of $4.60 billion, a P/E ratio of -178.70 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.80 and a current ratio of 4.22. The business has a 50 day moving average price of $22.16 and a 200 day moving average price of $23.09. Allegro MicroSystems has a twelve month low of $18.59 and a twelve month high of $33.26.

Analyst Upgrades and Downgrades

ALGM has been the subject of a number of research analyst reports. Morgan Stanley assumed coverage on Allegro MicroSystems in a report on Thursday, November 7th. They set an “equal weight” rating and a $21.00 price target for the company. Needham & Company LLC reduced their price target on shares of Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Mizuho set a $26.00 price target on shares of Allegro MicroSystems in a research report on Friday, October 18th. Loop Capital assumed coverage on shares of Allegro MicroSystems in a research report on Tuesday, November 12th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Barclays lifted their target price on Allegro MicroSystems from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.91.

Insider Transactions at Allegro MicroSystems

In related news, SVP Michael Doogue bought 15,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $19.00 per share, with a total value of $285,000.00. Following the completion of the purchase, the senior vice president now owns 246,086 shares of the company’s stock, valued at $4,675,634. This represents a 6.49 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate 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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.