Allegro MicroSystems (ALGM) Scheduled to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is scheduled to be issuing its quarterly 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 posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Allegro MicroSystems had a return on equity of 13.88% and a net margin of 7.91%. The business had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $165.04 million. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was down 40.0% on a year-over-year basis.

Allegro MicroSystems Trading Up 3.1 %

Shares of Allegro MicroSystems stock opened at $20.81 on Thursday. The firm has a market cap of $4.03 billion, a PE ratio of 26.68 and a beta of 1.67. Allegro MicroSystems has a 1 year low of $19.71 and a 1 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 stock has a fifty day moving average price of $22.68 and a 200-day moving average price of $26.20.

Insiders Place Their Bets

In other news, major shareholder Electric Co. Ltd. Sanken sold 10,017,315 shares of Allegro MicroSystems stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $23.16, for a total transaction of $232,001,015.40. Following the completion of the sale, the insider now owns 59,732,782 shares in the company, valued at approximately $1,383,411,231.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

ALGM has been the topic of several research reports. UBS Group assumed coverage on shares of Allegro MicroSystems in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Allegro MicroSystems in a research note on Friday, August 2nd. Finally, Mizuho set a $26.00 target price on Allegro MicroSystems in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.