Allegro MicroSystems (NASDAQ:ALGM) Releases Q1 2027 Earnings Guidance

Allegro MicroSystems (NASDAQ:ALGM) updated its first quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.190-0.230 for the period, compared to the consensus estimate of 0.190. The company issued revenue guidance of $245.0 million-$255.0 million, compared to the consensus revenue estimate of $246.6 million.

Wall Street Analyst Weigh In

A number of research firms recently commented on ALGM. Bank of America boosted their price target on Allegro MicroSystems from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Wells Fargo & Company boosted their price target on Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen raised Allegro MicroSystems from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. UBS Group boosted their price target on Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegro MicroSystems in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allegro MicroSystems presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.80.

Allegro MicroSystems Price Performance

NASDAQ ALGM traded up $1.02 during trading on Friday, hitting $48.95. 2,539,906 shares of the company’s stock were exchanged, compared to its average volume of 2,278,204. The company has a current ratio of 3.45, a quick ratio of 2.39 and a debt-to-equity ratio of 0.30. The company has a market cap of $9.07 billion, a PE ratio of -543.83 and a beta of 2.02. Allegro MicroSystems has a fifty-two week low of $21.41 and a fifty-two week high of $51.40. The stock’s 50 day moving average price is $36.43 and its two-hundred day moving average price is $32.80.

Allegro MicroSystems (NASDAQ:ALGM) last issued its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $243.19 million during the quarter, compared to the consensus estimate of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The business’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. Research analysts expect that Allegro MicroSystems will post 0.69 EPS for the current year.

Key Stories Impacting Allegro MicroSystems

Here are the key news stories impacting Allegro MicroSystems this week:

• Positive Sentiment: Allegro MicroSystems beat quarterly expectations, reporting EPS of $0.17 versus $0.16 expected and revenue of $243.19 million versus $235.94 million expected, with sales up 26.1% year over year. Earnings Report and Transcript
• Positive Sentiment: The company’s Q1 2027 guidance also came in roughly in line to slightly above expectations, with EPS guidance of $0.19-$0.23 and revenue guidance of $245 million-$255 million, reinforcing confidence in near-term growth. Q4 and Fiscal 2026 Results
• Positive Sentiment: Wall Street sentiment turned more bullish, with Wells Fargo raising its target to $56 and Mizuho raising its target to $54, both implying further upside from recent trading levels. Analyst Target Raises
• Positive Sentiment: Needham also increased its target to $55 and maintained a buy rating, adding to the cluster of post-earnings upgrades and target hikes. Needham Target Raise
• Neutral Sentiment: Some market commentary noted that the shares had initially fallen after the beat-and-raise results, suggesting investors may have been focused on valuation or guidance being only in line rather than a major upside surprise. Stock Falls Despite Beat and Raise

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in Allegro MicroSystems during the fourth quarter worth about $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of Allegro MicroSystems by 14,844.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock worth $35,000 after purchasing an additional 1,336 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Allegro MicroSystems by 85.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock valued at $38,000 after buying an additional 669 shares during the period. Federation des caisses Desjardins du Quebec acquired a new position in shares of Allegro MicroSystems in the fourth quarter valued at approximately $57,000. Finally, NewEdge Advisors LLC increased its stake in shares of Allegro MicroSystems by 12,315.0% in the third quarter. NewEdge Advisors LLC now owns 2,483 shares of the company’s stock valued at $73,000 after buying an additional 2,463 shares during the period. Institutional investors and hedge funds 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.