Cirrus Logic (NASDAQ:CRUS) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Cirrus Logic (NASDAQ:CRUS) announced its quarterly earnings data on Monday. The semiconductor company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.23, Briefing.com reports. Cirrus Logic had a net margin of 16.31% and a return on equity of 17.42%. The business had revenue of $541.90 million for the quarter, compared to analysts’ expectations of $520.53 million. During the same period last year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Cirrus Logic updated its Q3 2025 guidance to EPS.

Cirrus Logic Trading Up 1.3 %

CRUS traded up $1.32 during trading on Wednesday, reaching $104.11. 1,085,050 shares of the company’s stock were exchanged, compared to its average volume of 506,333. The firm has a fifty day moving average price of $124.88 and a two-hundred day moving average price of $122.24. The stock has a market capitalization of $5.56 billion, a PE ratio of 19.24 and a beta of 0.96. Cirrus Logic has a one year low of $69.23 and a one year high of $147.46.

Insider Transactions at Cirrus Logic

In related news, SVP Justin E. Dougherty sold 10,203 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $131.71, for a total value of $1,343,837.13. Following the completion of the sale, the senior vice president now directly owns 4,838 shares in the company, valued at $637,212.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cirrus Logic news, SVP Justin E. Dougherty sold 10,203 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the completion of the transaction, the senior vice president now owns 4,838 shares in the company, valued at approximately $637,212.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Brannan sold 4,350 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total transaction of $591,774.00. Following the completion of the sale, the vice president now directly owns 4,004 shares in the company, valued at approximately $544,704.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRUS has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target on Cirrus Logic from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays lowered their target price on Cirrus Logic from $120.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 9th. Susquehanna lowered their price objective on shares of Cirrus Logic from $160.00 to $135.00 and set a “positive” rating for the company in a research report on Tuesday. Finally, KeyCorp raised their target price on shares of Cirrus Logic from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

About Cirrus Logic

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.