Allegro MicroSystems (ALGM) Projected to Post Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is anticipated 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.Parties that wish to listen to the company’s conference call can do so using this link.

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

Allegro MicroSystems Stock Performance

Shares of ALGM opened at $22.19 on Wednesday. The company has a 50-day moving average of $22.50 and a two-hundred day moving average of $22.81. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -158.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.22 and a quick ratio of 2.80. Allegro MicroSystems has a one year low of $18.59 and a one year high of $33.26.

Insider Transactions at Allegro MicroSystems

In other Allegro MicroSystems news, SVP Michael Doogue purchased 15,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $19.00 per share, with a total value of $285,000.00. Following the transaction, the senior vice president now directly owns 246,086 shares of the company’s stock, valued at $4,675,634. This represents a 6.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ALGM. Loop Capital began coverage on Allegro MicroSystems in a research note on Tuesday, November 12th. They set a “buy” rating and a $30.00 price target for the company. Mizuho set a $26.00 target price on shares of Allegro MicroSystems in a research note on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of Allegro MicroSystems from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Morgan Stanley started coverage on Allegro MicroSystems in a research note on Thursday, November 7th. They issued an “equal weight” rating and a $21.00 price objective on the stock. Finally, Needham & Company LLC decreased their target price on Allegro MicroSystems from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.