Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) updated its third quarter 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.040-0.080 for the period, compared to the consensus earnings per share estimate of 0.120. The company issued revenue guidance of $170.0 million-$180.0 million, compared to the consensus revenue estimate of $204.7 million. Allegro MicroSystems also updated its Q3 guidance to $0.04-0.08 EPS.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Mizuho set a $26.00 price target on shares of Allegro MicroSystems in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of Allegro MicroSystems in a research note on Friday, August 2nd. Finally, UBS Group began coverage on shares of Allegro MicroSystems in a research note on Tuesday, September 3rd. They set a “buy” rating and a $33.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $33.38.
Get Our Latest Stock Report on ALGM
Allegro MicroSystems Trading Down 5.3 %
Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last issued its quarterly earnings data 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 firm 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%. Allegro MicroSystems’s revenue was down 40.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Allegro MicroSystems will post 0.16 EPS for the current year.
Insider Transactions at Allegro MicroSystems
In other news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $23.16, for a total value of $232,001,015.40. Following the completion of the sale, the insider now directly owns 59,732,782 shares of the company’s stock, valued at approximately $1,383,411,231.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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.
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