Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) will likely be posting its Q1 2026 quarterly earnings results before the market opens on Thursday, July 31st. Analysts expect Allegro MicroSystems to post earnings of $0.09 per share and revenue of $197.82 million for the quarter. Allegro MicroSystems has set its Q1 2026 guidance at 0.060-0.100 EPS.
Allegro MicroSystems (NASDAQ:ALGM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $192.82 million for the quarter, compared to analyst estimates of $185.35 million. Allegro MicroSystems had a positive return on equity of 1.04% and a negative net margin of 10.07%. The company's revenue for the quarter was down 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts expect Allegro MicroSystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Allegro MicroSystems Stock Performance
Shares of NASDAQ:ALGM traded up $0.94 during trading on Friday, reaching $33.70. The company had a trading volume of 1,944,295 shares, compared to its average volume of 2,315,880. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of -86.41 and a beta of 1.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.30 and a quick ratio of 2.66. The stock's fifty day moving average price is $31.61 and its 200 day moving average price is $26.34. Allegro MicroSystems has a fifty-two week low of $16.38 and a fifty-two week high of $38.45.
Institutional Trading of Allegro MicroSystems
A number of institutional investors have recently bought and sold shares of ALGM. AQR Capital Management LLC purchased a new stake in shares of Allegro MicroSystems in the first quarter valued at $325,000. Royal Bank of Canada lifted its position in Allegro MicroSystems by 70.0% during the first quarter. Royal Bank of Canada now owns 117,923 shares of the company's stock worth $2,964,000 after buying an additional 48,554 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Allegro MicroSystems by 31.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,610 shares of the company's stock worth $8,911,000 after buying an additional 85,607 shares during the period. 56.45% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ALGM. Bank of America boosted their target price on Allegro MicroSystems from $38.00 to $45.00 and gave the company an "action list buy" rating in a report on Thursday, July 10th. UBS Group boosted their target price on Allegro MicroSystems from $35.00 to $42.00 and gave the company a "buy" rating in a report on Monday, July 7th. Mizuho boosted their target price on Allegro MicroSystems from $31.00 to $37.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $42.00 price objective (up previously from $33.00) on shares of Allegro MicroSystems in a report on Wednesday, July 16th. Finally, Needham & Company LLC dropped their price objective on Allegro MicroSystems from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $33.63.
Read Our Latest Stock Report on Allegro MicroSystems
About Allegro MicroSystems
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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; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.
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