Allegro MicroSystems (ALGM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Allegro MicroSystems (ALGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Does Allegro MicroSystems, Inc. (ALGM) have what it takes to be a top stock pick for momentum investors? Let's find out.
Allegro MicroSystems (ALGM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Allegro MicroSystems, Inc. (ALGM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ALGM's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Investors need to pay close attention to Allegro MicroSystems (ALGM) stock based on the movements in the options market lately.
Allegro MicroSystems (ALGM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Allegro MicroSystems is in a turnaround phase under new CEO Mike Doogue, focusing on innovation and SAM expansion to drive long-term growth. Recent results remain weak, but sequential improvements in sales, bookings, and inventory reductions signal early signs of recovery. The company targets double-digit sales growth, gross margins of 58%+, and operating margins of 32%+ by leveraging new products and cost innovations.
Allegro MicroSystems, Inc. (NASDAQ:ALGM ) Q4 2025 Earnings Call May 8, 2025 8:30 AM ET Company Participants Jalene Hoover - Investor Relations Mike Duke - President and Chief Executive Officer Derek D'Antilio - Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS Joe Quattrochi - Wells Fargo Gary Mobley - Loop Capital Chris Caso - Wolfe Research Joshua Buchalter - TD Cowen Vijay Rakesh - Mizuho Quinn Bolton - Needham & Company Joseph Moore - Morgan Stanley Operator Good morning and welcome to the Allegro MicroSystems Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
Allegro MicroSystems, Inc. (ALGM) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.25 per share a year ago.
U.S chipmaker Onsemi said on Monday it was withdrawing its $6.9 billion offer for Allegro MicroSystems , a month after the semiconductor solutions provider rebuffed the latest offer from its larger rival.
A week after Allegro MicroSystems rejected a buyout proposal from Onsemi, ALGM stock is trading well below the takeout price. The post Allegro MicroSystems Stock Down Since Spurning Buyout Deal appeared first on Investor's Business Daily.