KeyCorp Brokers Increase Earnings Estimates for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS) – Equities researchers at KeyCorp increased their Q1 2027 earnings estimates for shares of 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 previous estimate of $0.72. KeyCorp currently 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 $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 posted its earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.76 by $0.19. Cirrus Logic had a net margin of 20.75% and a return on equity of 20.48%. The firm had revenue of $448.52 million for the quarter, compared to the consensus estimate of $442.25 million. During the same period in the prior year, the business posted $1.67 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis.

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

Cirrus Logic Price Performance

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 business has a 50-day moving average of $159.34 and a two-hundred day moving average of $147.80. The stock has a market capitalization of $6.96 billion, a P/E ratio of 17.60 and a beta of 1.17.

Institutional Trading of Cirrus Logic

Several institutional investors have recently made changes to their positions in CRUS. Caitong International Asset Management Co. Ltd raised its position in Cirrus Logic by 7,333.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Cirrus Logic by 120.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 120 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Cirrus Logic during the fourth quarter valued at approximately $33,000. Torren Management LLC bought a new stake in shares of Cirrus Logic in the 4th quarter valued at approximately $35,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Cirrus Logic in the 4th quarter valued at approximately $36,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, EVP Andrew Brannan sold 6,464 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $144.71, for a total value of $935,405.44. Following the sale, the executive vice president owned 7,203 shares of the company’s stock, valued at $1,042,346.13. The trade was a 47.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 1,300 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $180.04, for a total transaction of $234,052.00. Following the completion of the transaction, the executive vice president owned 31,048 shares of the company’s stock, valued at approximately $5,589,881.92. This represents a 4.02% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Key Headlines Impacting Cirrus Logic

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.