Allegro MicroSystems (NASDAQ:ALGM) Issues Q1 2025 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.020-0.030 for the period, compared to the consensus EPS estimate of 0.020. The company issued revenue guidance of $166.0 million-$168.0 million, compared to the consensus revenue estimate of $165.4 million. Allegro MicroSystems also updated its Q1 guidance to $0.02-0.03 EPS.

Analyst Ratings Changes

A number of analysts have issued reports on ALGM shares. Evercore ISI started coverage on Allegro MicroSystems in a research report on Tuesday, April 16th. They issued an outperform rating and a $36.00 target price on the stock. Jefferies Financial Group initiated coverage on Allegro MicroSystems in a research report on Monday, May 13th. They issued a buy rating and a $37.00 target price for the company. TD Cowen increased their price target on shares of Allegro MicroSystems from $32.00 to $35.00 and gave the stock a buy rating in a research report on Thursday, June 13th. Needham & Company LLC decreased their price target on shares of Allegro MicroSystems from $40.00 to $33.00 and set a buy rating for the company in a research report on Friday, May 10th. Finally, Mizuho reduced their price target on shares of Allegro MicroSystems from $45.00 to $35.00 and set a buy rating for the company in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Allegro MicroSystems currently has a consensus rating of Moderate Buy and an average price target of $37.44.

Allegro MicroSystems Price Performance

ALGM traded up $0.30 on Thursday, hitting $25.00. 10,516,793 shares of the company were exchanged, compared to its average volume of 1,668,082. The business’s fifty day moving average is $29.54 and its 200 day moving average is $28.89. Allegro MicroSystems has a fifty-two week low of $23.64 and a fifty-two week high of $52.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.48 and a current ratio of 4.85. The firm has a market capitalization of $4.84 billion, a P/E ratio of 31.67 and a beta of 1.67.

Allegro MicroSystems (NASDAQ:ALGM) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $240.58 million during the quarter, compared to the consensus estimate of $235.00 million. Allegro MicroSystems had a return on equity of 20.67% and a net margin of 14.55%. As a group, sell-side analysts anticipate that Allegro MicroSystems will post 0.23 EPS for the current year.

Insider Buying and Selling

In other Allegro MicroSystems news, Director Richard R. Lury sold 8,500 shares of Allegro MicroSystems stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $30.00, for a total transaction of $255,000.00. Following the completion of the transaction, the director now owns 23,001 shares in the company, valued at $690,030. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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; power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers; and photonic and advanced 3D sensing components.