Allegro MicroSystems (ALGM) Projected to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is expected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $176.45 million 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $187.39 million during the quarter, compared to analysts’ expectations of $187.52 million. Allegro MicroSystems had a positive return on equity of 8.48% and a negative net margin of 2.96%. The firm’s revenue for the quarter was down 32.0% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS.

Allegro MicroSystems Stock Performance

NASDAQ:ALGM opened at $22.19 on Wednesday. The stock has a market cap of $4.08 billion, a P/E ratio of -158.49 and a beta of 1.65. The stock has a 50 day simple moving average of $22.50 and a 200 day simple moving average of $22.81. The company has a current ratio of 4.22, a quick ratio of 2.80 and a debt-to-equity ratio of 0.42. Allegro MicroSystems has a 1-year low of $18.59 and a 1-year high of $33.26.

Insider Activity

In other news, SVP Michael Doogue acquired 15,000 shares of Allegro MicroSystems stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $19.00 per share, for a total transaction of $285,000.00. Following the transaction, the senior vice president now directly owns 246,086 shares of the company’s stock, valued at approximately $4,675,634. The trade was a 6.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ALGM. Morgan Stanley began 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. Wells Fargo & Company lifted their price objective on Allegro MicroSystems from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Barclays lifted their price objective on Allegro MicroSystems from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC dropped their price objective on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Loop Capital initiated coverage on Allegro MicroSystems in a report on Tuesday, November 12th. They issued a “buy” rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Allegro MicroSystems has an average rating of “Moderate Buy” and a consensus target price of $30.91.

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.