Movement Alert｜Allegro MicroSystems, Inc. Falls 6.81% in Regular Trading, Post-Earnings Target Cuts Weigh on Shares

Market Focus

Oct 30

On October 30, Allegro MicroSystems, Inc. fell 6.81% in Regular Trading, trading at $30.975 per share, with turnover of $8.8159 million.

The move followed a strong quarterly report and above-consensus next-quarter guidance, but sentiment weakened after several analysts cut price targets, including UBS lowering its target to $48 from $50 while maintaining a Buy rating.

For fiscal Q2, the company reported adjusted EPS of $0.26 on revenue of $276.9 million, versus consensus expectations of $0.25 and $270.9 million. It guided fiscal Q3 adjusted EPS to $0.25-$0.29 and revenue to $278 million-$288 million, compared with market expectations of $0.27 and $276.7 million. Even so, post-earnings target revisions and profit-taking after the prior rebound appeared to pressure the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Falls 6.81% in Regular Trading, Post-Earnings Target Cuts Weigh on Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-10-30 21:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On October 30, Allegro MicroSystems, Inc. fell 6.81% in Regular Trading, trading at $30.975 per share, with turnover of $8.8159 million.</p><p>The move followed a strong quarterly report and above-consensus next-quarter guidance, but sentiment weakened after several analysts cut price targets, including UBS lowering its target to $48 from $50 while maintaining a Buy rating.</p><p>For fiscal Q2, the company reported adjusted EPS of $0.26 on revenue of $276.9 million, versus consensus expectations of $0.25 and $270.9 million. 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