Allegro MicroSystems (ALGM) to Post Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is expected to post its Q1 2027 results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $251.4940 million for the quarter. Allegro MicroSystems has set its Q1 2027 guidance at 0.190-0.230 EPS. Interested persons can check the company’s upcoming Q1 2027 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last posted its earnings results on Thursday, May 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $243.19 million during the quarter, compared to analyst estimates of $235.94 million. Allegro MicroSystems had a positive return on equity of 6.09% and a negative net margin of 1.67%.The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. 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 Up 1.1%

ALGM opened at $49.87 on Thursday. The firm has a market capitalization of $9.29 billion, a P/E ratio of -554.05 and a beta of 1.90. The firm’s 50 day moving average is $51.69 and its 200-day moving average is $41.95. Allegro MicroSystems has a 52-week low of $22.41 and a 52-week 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.

Insiders Place Their Bets

In other Allegro MicroSystems news, CAO Roald Graham Webster sold 5,217 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $44.88, for a total transaction of $234,138.96. Following the completion of the transaction, the chief accounting officer directly owned 13,106 shares of the company’s stock, valued at $588,197.28. The trade was a 28.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan D. Lynch sold 16,711 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $45.46, for a total value of $759,682.06. Following the transaction, the director owned 12,805 shares of the company’s stock, valued at approximately $582,115.30. This represents a 56.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 company insiders.

Hedge Funds Weigh In On Allegro MicroSystems

Several hedge funds have recently made changes to their positions in ALGM. Pacer Advisors Inc. increased its stake in Allegro MicroSystems by 98.1% in the 4th quarter. Pacer Advisors Inc. now owns 32,313 shares of the company’s stock worth $852,000 after purchasing an additional 16,003 shares in the last quarter. Invesco Ltd. raised its holdings 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 valued at $201,835,000 after acquiring an additional 2,338,624 shares during the period. Corient Private Wealth LLC boosted its stake in Allegro MicroSystems by 52.9% in the 4th quarter. Corient Private Wealth LLC now owns 15,345 shares of the company’s stock worth $408,000 after purchasing an additional 5,311 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Allegro MicroSystems by 23.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,502 shares of the company’s stock worth $277,000 after purchasing an additional 1,977 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in Allegro MicroSystems by 201.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 25,665 shares of the company’s stock worth $677,000 after purchasing an additional 17,165 shares in the last quarter. Institutional investors and hedge funds own 56.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ALGM shares. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. UBS Group increased their price target on shares of Allegro MicroSystems from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Mizuho lifted their price target on Allegro MicroSystems from $54.00 to $67.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Needham & Company LLC boosted their price objective on Allegro MicroSystems from $45.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Wells Fargo & Company upped their price objective on Allegro MicroSystems from $48.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Nine research 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. According to data from MarketBeat, Allegro MicroSystems presently has a consensus rating of “Moderate Buy” and an average target price 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.