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

Allegro MicroSystems (NASDAQ:ALGM) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. 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 Price Performance

Shares of Allegro MicroSystems stock traded down $1.23 during midday trading on Tuesday, hitting $27.66. 1,628,065 shares of the company traded hands, compared to its average volume of 1,580,618. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 37.04 and a beta of 1.68. 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’s fifty day moving average price is $29.67 and its 200-day moving average price is $28.91. Allegro MicroSystems has a 12 month low of $23.64 and a 12 month high of $52.26.

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

Analyst Ratings Changes

A number of research firms have weighed in on ALGM. 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 on the stock. Mizuho dropped their price target on shares of Allegro MicroSystems from $45.00 to $35.00 and set a buy rating on the stock in a research report on Friday, May 10th. Needham & Company LLC dropped their price target on shares of Allegro MicroSystems from $40.00 to $33.00 and set a buy rating on the stock in a research report on Friday, May 10th. Evercore ISI began coverage on shares of Allegro MicroSystems in a research report on Tuesday, April 16th. They issued an outperform rating and a $36.00 price target on the stock. Finally, Barclays dropped their price target on shares of Allegro MicroSystems from $35.00 to $32.00 and set an overweight rating on the stock in a research report on Friday, May 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $37.44.

Insider Activity at Allegro MicroSystems

In related news, Director Richard R. Lury sold 8,500 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $30.00, for a total transaction of $255,000.00. Following the transaction, the director now owns 23,001 shares in the company, valued at approximately $690,030. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate 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.