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

Allegro MicroSystems (NASDAQ:ALGM) updated its first quarter 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.020-0.030 for the period, compared to the consensus 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.

Allegro MicroSystems Stock Performance

ALGM traded up $0.30 during trading on Thursday, reaching $25.00. 10,516,793 shares of the company were exchanged, compared to its average volume of 1,668,082. Allegro MicroSystems has a 52 week low of $23.64 and a 52 week high of $52.26. The company has a current ratio of 4.85, a quick ratio of 3.48 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $29.54 and a 200 day moving average of $28.89. The stock has a market cap 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 results on Thursday, May 9th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $240.58 million during the quarter, compared to analyst estimates of $235.00 million. Allegro MicroSystems had a net margin of 14.55% and a return on equity of 20.67%. On average, sell-side analysts forecast that Allegro MicroSystems will post 0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ALGM has been the topic of a number of research reports. TD Cowen boosted their price objective on Allegro MicroSystems from $32.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, June 13th. Needham & Company LLC reduced their price objective 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. Evercore ISI initiated coverage on shares of Allegro MicroSystems in a research note on Tuesday, April 16th. They issued an outperform rating and a $36.00 price objective on the stock. Barclays cut their target price on shares of Allegro MicroSystems from $35.00 to $32.00 and set an overweight rating for the company in a research note on Friday, May 10th. Finally, Jefferies Financial Group began coverage on shares of Allegro MicroSystems in a report on Monday, May 13th. They set a buy rating and a $37.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Allegro MicroSystems currently has an average rating of Moderate Buy and an average target price of $37.44.

Insider Transactions at Allegro MicroSystems

In other news, Director Richard R. Lury sold 8,500 shares of Allegro MicroSystems stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $30.00, for a total transaction of $255,000.00. Following the completion of the sale, the director now directly owns 23,001 shares in the company, valued at approximately $690,030. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

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.