KeyCorp Issues Optimistic Forecast for Cirrus Logic Earnings

Cirrus Logic, Inc. (NASDAQ:CRUS) – Stock analysts at KeyCorp boosted their Q1 2027 earnings estimates for Cirrus Logic in a research report issued on Monday, July 13th. KeyCorp analyst J. Vinh now forecasts that the semiconductor company will post earnings of $1.45 per share for the quarter, up from their prior forecast of $0.72. KeyCorp has a “Overweight” rating and a $190.00 price objective on the stock. The consensus estimate for Cirrus Logic’s current full-year earnings is $7.86 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 issued its earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. Cirrus Logic had a net margin of 20.75% and a return on equity of 20.48%. The company had revenue of $448.52 million for the quarter, compared to analysts’ expectations of $442.25 million. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of Cirrus Logic to a “buy” rating in a report on Thursday, June 4th. Barclays upped their target price on Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Zacks Research lowered Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Stifel Nicolaus set a $197.00 price objective on Cirrus Logic in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Cirrus Logic has a consensus rating of “Moderate Buy” and an average target price of $160.29.

Cirrus Logic Stock Up 0.7%

Shares of NASDAQ:CRUS opened at $137.98 on Friday. Cirrus Logic has a fifty-two week low of $92.02 and a fifty-two week high of $180.42. The firm has a 50-day simple moving average of $159.34 and a 200 day simple moving average of $147.80. The company has a market cap of $6.96 billion, a PE ratio of 17.60 and a beta of 1.17.

Insider Activity

In other news, EVP Scott Thomas sold 1,300 shares of Cirrus Logic stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $180.04, for a total transaction of $234,052.00. Following the sale, the executive vice president owned 31,048 shares of the company’s stock, valued at approximately $5,589,881.92. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $166.50, for a total value of $333,000.00. Following the transaction, the executive vice president owned 4,537 shares of the company’s stock, valued at approximately $755,410.50. This represents a 30.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 22,299 shares of company stock worth $3,581,647 over the last three months. Insiders own 1.20% of the company’s stock.

Institutional Trading of Cirrus Logic

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Cirrus Logic by 120.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 120 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Cirrus Logic by 7,333.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cirrus Logic during the fourth quarter valued at about $33,000. Torren Management LLC acquired a new stake in Cirrus Logic in the fourth quarter worth about $35,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Cirrus Logic by 72.5% in the second quarter. Elevation Wealth Partners LLC now owns 295 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 124 shares during the period. Institutional investors own 87.96% of the company’s stock.

Key Cirrus Logic News

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

• Positive Sentiment: Zacks said Cirrus Logic has an impressive earnings surprise track record and appears positioned for another potential earnings beat, which could lift sentiment ahead of the next report. Article Title
• Positive Sentiment: KeyCorp kept an Overweight rating on Cirrus Logic and a $190 price target, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: KeyCorp raised its Q1 2027 EPS estimate to $1.45 from $0.72, suggesting a stronger start to that fiscal year than previously expected.
• Neutral Sentiment: KeyCorp also updated a series of forward estimates for Cirrus Logic, leaving FY2028 EPS at $7.61 and FY2027 at $7.31, which provides more detail on the company’s long-term earnings path but is not clearly a near-term catalyst.
• Negative Sentiment: KeyCorp lowered several other period estimates, including Q2 2027, Q3 2027, Q4 2027, and FY2027 EPS, which may temper enthusiasm around the durability of earnings growth.
• Negative Sentiment: A Seeking Alpha piece titled Cirrus Logic’s Price Correction points to recent weakness or valuation pressure, which may have contributed to some caution around the shares. Article Title

Cirrus Logic Company Profile

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.