Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) issued an update on its second quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.230-0.260 for the period, compared to the consensus EPS estimate of 0.230. The company issued revenue guidance of $265.0 million-$275.0 million, compared to the consensus revenue estimate of $264.5 million.
Allegro MicroSystems Price Performance
Shares of Allegro MicroSystems stock traded up $0.51 during midday trading on Friday, hitting $41.96. 1,582,767 shares of the company were exchanged, compared to its average volume of 2,637,684. The firm has a 50 day simple moving average of $51.91 and a 200-day simple moving average of $42.59. Allegro MicroSystems has a 52 week low of $22.41 and a 52 week high of $71.77. The firm has a market cap of $7.82 billion, a P/E ratio of -466.99 and a beta of 1.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21.
Allegro MicroSystems (NASDAQ:ALGM – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $259.24 million during the quarter, compared to the consensus estimate of $251.44 million. Allegro MicroSystems had a negative net margin of 1.67% and a positive return on equity of 6.09%. The firm’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. Allegro MicroSystems has set its Q2 2027 guidance at 0.230-0.260 EPS. Research analysts forecast that Allegro MicroSystems will post 0.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on ALGM
Insider Buying and Selling
In other news, SVP Richard Madormo sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $52.72, for a total transaction of $263,600.00. Following the sale, the senior vice president owned 69,687 shares of the company’s stock, valued at $3,673,898.64. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Doogue sold 30,089 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $47.23, for a total value of $1,421,103.47. Following the sale, the chief executive officer directly owned 252,797 shares of the company’s stock, valued at approximately $11,939,602.31. The trade was a 10.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 68,607 shares of company stock worth $3,213,714 over the last ninety days. Insiders own 0.50% of the company’s stock.
Allegro MicroSystems News Summary
Here are the key news stories impacting Allegro MicroSystems this week:
- Positive Sentiment: Quarterly results exceeded expectations: Allegro reported adjusted EPS of $0.23 versus the $0.21 consensus, while revenue rose 27.5% year over year to $259.24 million, ahead of the $251.44 million estimate. EPS increased from $0.09 in the prior-year quarter. Allegro MicroSystems Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: Data-center momentum is accelerating: Management highlighted record data-center sales, stronger bookings, expanding design wins and increased semiconductor content opportunities tied to AI infrastructure, electrification and automation. These trends support expectations for continued growth and backlog expansion. ALGM Q1 Earnings Call Highlights AI Data Center Growth
- Positive Sentiment: Second-quarter guidance was solid: Allegro forecast EPS of $0.23–$0.26 and revenue of $265 million–$275 million, broadly above or in line with consensus estimates of $0.23 EPS and $264.5 million revenue. Margin improvement also provided an additional positive signal. Allegro MicroSystems Reports First Quarter 2027 Results
- Positive Sentiment: Needham raised its price target to $57 from $55 and maintained a Buy rating, implying substantial upside based on the recently quoted share price.
- Neutral Sentiment: Analyst commentary remains mixed. A fair-value assessment edged higher after the earnings report, but valuation opinions differ considerably. Allegro MicroSystems Stock Fair Value Edges Higher
- Negative Sentiment: TD Cowen cut its price target to $48 from $66, although it retained a Buy rating. The reduced target signals more cautious expectations and limits the near-term upside implied by the analyst’s forecast.
Hedge Funds Weigh In On Allegro MicroSystems
Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. boosted its position in shares of Allegro MicroSystems by 44.0% during the fourth quarter. Invesco Ltd. now owns 7,651,051 shares of the company’s stock worth $201,835,000 after buying an additional 2,338,624 shares during the period. State Street Corp boosted its position in Allegro MicroSystems by 1.5% during the 4th quarter. State Street Corp now owns 5,359,488 shares of the company’s stock worth $141,383,000 after acquiring an additional 78,203 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Allegro MicroSystems by 77.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,803,944 shares of the company’s stock worth $73,968,000 after acquiring an additional 1,227,317 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Allegro MicroSystems by 189.4% during the 2nd quarter. Alliancebernstein L.P. now owns 2,759,872 shares of the company’s stock worth $94,360,000 after acquiring an additional 1,806,183 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Allegro MicroSystems by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 2,393,968 shares of the company’s stock valued at $63,165,000 after purchasing an additional 24,839 shares during the last quarter. Institutional investors own 56.45% of the company’s stock.
Allegro MicroSystems Company Profile
Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.
Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.
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