Allegro MicroSystems (ALGM) Expected to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) will likely be posting its Q1 2027 results before the market opens on Thursday, July 30th. Analysts expect the company 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. Parties can find conference call details on the company’s upcoming Q1 2027 earning report page for the latest details on the call scheduled for Thursday, July 30, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $243.19 million during the quarter, compared to analyst estimates of $235.94 million. Allegro MicroSystems had a negative net margin of 1.67% and a positive return on equity of 6.09%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. 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 Price Performance

Shares of ALGM stock opened at $46.80 on Tuesday. The company has a market capitalization of $8.72 billion, a P/E ratio of -519.94 and a beta of 1.90. The company’s 50-day simple moving average is $51.96 and its two-hundred day simple moving average is $42.34. Allegro MicroSystems has a one year low of $22.41 and a one year high of $71.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.45 and a quick ratio of 2.21.

Insider Transactions at Allegro MicroSystems

In related news, Director Susan D. Lynch sold 16,711 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sharon Briansky sold 8,948 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $47.54, for a total transaction of $425,387.92. Following the transaction, the senior vice president owned 75,232 shares in the company, valued at $3,576,529.28. The trade was a 10.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 68,607 shares of company stock worth $3,213,714. 0.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Allegro MicroSystems by 136.6% in the third quarter. Bank of America Corp DE now owns 952,679 shares of the company’s stock worth $27,818,000 after acquiring an additional 3,556,410 shares during the period. Invesco Ltd. boosted its position in Allegro MicroSystems by 44.0% in the 4th quarter. Invesco Ltd. now owns 7,651,051 shares of the company’s stock worth $201,835,000 after purchasing an additional 2,338,624 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 purchasing an additional 1,806,183 shares during the period. Adage Capital Partners GP L.L.C. grew its position in Allegro MicroSystems by 77.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 2,803,944 shares of the company’s stock valued at $73,968,000 after buying an additional 1,227,317 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Allegro MicroSystems by 838.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 754,824 shares of the company’s stock worth $19,912,000 after purchasing an additional 674,359 shares during the period. 56.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ALGM. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegro MicroSystems in a report on Wednesday, May 6th. Needham & Company LLC increased their target price on shares of Allegro MicroSystems from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group boosted their price target on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $62.00 price objective on shares of Allegro MicroSystems in a research note on Thursday, May 7th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

About Allegro MicroSystems

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.