KeyCorp Issues Positive Estimate for Cirrus Logic Earnings

Cirrus Logic, Inc. (NASDAQ:CRUS) – KeyCorp increased their Q1 2027 earnings per share estimates for shares of Cirrus Logic in a note issued to investors on Monday, July 13th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will earn $1.45 per share for the quarter, up from their prior estimate of $0.72. KeyCorp has a “Overweight” rating and a $190.00 price target on the stock. The consensus estimate for Cirrus Logic’s current full-year earnings is $8.05 per share. KeyCorp also issued estimates for Cirrus Logic’s Q2 2027 earnings at $2.17 EPS, Q3 2027 earnings at $2.63 EPS, Q4 2027 earnings at $1.06 EPS, FY2027 earnings at $7.31 EPS, Q1 2028 earnings at $0.99 EPS, Q2 2028 earnings at $2.38 EPS, Q3 2028 earnings at $2.92 EPS, Q4 2028 earnings at $1.32 EPS and FY2028 earnings at $7.61 EPS.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.19. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The company had revenue of $448.52 million during the quarter, compared to the consensus estimate of $442.25 million. During the same quarter last year, the business posted $1.67 earnings per share. Cirrus Logic’s revenue was up 5.7% compared to the same quarter last year.

A number of other analysts have also recently commented on the company. Jefferies Financial Group upgraded Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. Zacks Research cut shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Barclays boosted their price objective on shares of Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Stifel Nicolaus set a $197.00 price objective on shares of Cirrus Logic in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.29.

Cirrus Logic Stock Down 1.5%

Shares of NASDAQ:CRUS opened at $136.97 on Friday. The company has a market capitalization of $6.91 billion, a P/E ratio of 17.47 and a beta of 1.17. Cirrus Logic has a 52-week low of $92.02 and a 52-week high of $180.42. The stock’s fifty day simple moving average is $160.02 and its 200-day simple moving average is $147.87.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 1,300 shares of Cirrus Logic stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $180.04, for a total value of $234,052.00. Following the transaction, the executive vice president owned 31,048 shares in the company, valued at $5,589,881.92. This trade represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeffrey W. Baumgartner sold 1,458 shares of Cirrus Logic stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $145.97, for a total transaction of $212,824.26. Following the completion of the transaction, the executive vice president owned 16,405 shares in the company, valued at approximately $2,394,637.85. This trade represents a 8.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 22,299 shares of company stock valued at $3,581,647 in the last quarter. Insiders own 1.20% of the company’s stock.

Institutional Trading of Cirrus Logic

A number of institutional investors and hedge funds have recently made changes to their positions in CRUS. LSV Asset Management lifted its position in Cirrus Logic by 1.0% during the 4th quarter. LSV Asset Management now owns 2,356,245 shares of the semiconductor company’s stock worth $279,215,000 after acquiring an additional 23,703 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Cirrus Logic by 0.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,578,555 shares of the semiconductor company’s stock worth $187,059,000 after purchasing an additional 11,307 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Cirrus Logic by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,328,155 shares of the semiconductor company’s stock valued at $192,055,000 after purchasing an additional 83,897 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Cirrus Logic by 33.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,073,623 shares of the semiconductor company’s stock valued at $127,224,000 after purchasing an additional 269,391 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Cirrus Logic by 21.1% during the 1st quarter. Quantinno Capital Management LP now owns 942,207 shares of the semiconductor company’s stock valued at $136,262,000 after purchasing an additional 163,979 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Cirrus Logic

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating and a $190 price target on Cirrus Logic, signaling continued confidence in the company’s longer-term earnings power and valuation. Cirrus Logic analyst estimates
• Positive Sentiment: KeyCorp raised its Q1 2027 EPS estimate to $1.45 from $0.72, suggesting a stronger near-term earnings outlook for Cirrus Logic. Cirrus Logic analyst estimates
• Positive Sentiment: Zacks highlighted Cirrus Logic’s expanding PC business, including SDCA adoption, mainstream design wins and AI-focused audio products, which could support growth in fiscal 2027. Zacks article on Cirrus Logic PC business
• Neutral Sentiment: KeyCorp left its full-year FY2028 EPS estimate at $7.61, indicating a steady long-term view rather than a major re-rating. Cirrus Logic analyst estimates
• Negative Sentiment: KeyCorp trimmed several forward estimates, including FY2027 EPS to $7.31 from $7.40, Q2 2028 EPS to $2.38 from $2.39, Q3 2027 EPS to $2.63 from $3.11, and Q4 2027 EPS to $1.06 from $1.37, which may pressure sentiment around near-term growth expectations. Cirrus Logic analyst estimates
• Negative Sentiment: A Seeking Alpha piece titled “Cirrus Logic’s Price Correction” suggests investors are still focused on the stock’s recent pullback and valuation reset. Seeking Alpha article on Cirrus Logic price correction

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.