Allegro MicroSystems (ALGM) Expected to Release Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is expected to release its Q1 2027 results before the market opens on Thursday, July 30th. Analysts expect Allegro MicroSystems to post earnings of $0.21 per share and revenue of $251.4380 million for the quarter. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. Interested persons can find conference call details on the company’s upcoming Q1 2027 earning report for the latest details on the call scheduled for Thursday, July 30, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last released its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The company had revenue of $243.19 million during the quarter, compared to analysts’ expectations of $235.94 million. During the same period last year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, analysts expect Allegro MicroSystems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Allegro MicroSystems Trading Down 4.9%

Shares of ALGM opened at $44.52 on Wednesday. The stock’s fifty day simple moving average is $52.01 and its 200-day simple moving average is $42.44. The firm has a market capitalization of $8.29 billion, a PE ratio of -494.61 and a beta of 1.90. Allegro MicroSystems has a 12-month low of $22.41 and a 12-month high of $71.77. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.30.

Insider Activity

In related news, SVP Richard Madormo sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $52.72, for a total value of $263,600.00. Following the sale, the senior vice president directly owned 69,687 shares in the company, valued at $3,673,898.64. This trade represents a 6.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan D. Lynch sold 16,711 shares of Allegro MicroSystems stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $45.46, for a total transaction of $759,682.06. Following the transaction, the director directly owned 12,805 shares in the company, valued at $582,115.30. The trade was a 56.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 68,607 shares of company stock valued at $3,213,714. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Allegro MicroSystems

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Allegro MicroSystems in the 4th quarter valued at $34,000. CIBC Private Wealth Group LLC raised its stake in Allegro MicroSystems by 14,844.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,345 shares of the company’s stock worth $35,000 after buying an additional 1,336 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Allegro MicroSystems by 85.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,449 shares of the company’s stock worth $38,000 after acquiring an additional 669 shares in the last quarter. Federation des caisses Desjardins du Quebec bought a new position in Allegro MicroSystems during the fourth quarter worth about $57,000. Finally, NewEdge Advisors LLC grew its stake in 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 acquiring an additional 2,463 shares during the period. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALGM. Evercore reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Allegro MicroSystems in a research note on Friday, May 8th. Mizuho boosted their price target on shares of Allegro MicroSystems from $54.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Wells Fargo & Company increased their price objective on shares of Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Barclays lowered shares of Allegro MicroSystems from an “overweight” rating to an “equal weight” rating and set a $48.00 price objective on the stock. in a report on Monday, July 20th. Finally, UBS Group raised their price objective on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.20.

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.