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

Cirrus Logic (NASDAQ:CRUS - Get Free Report) released its quarterly earnings results on Monday. The semiconductor company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.23, Briefing.com reports. Cirrus Logic had a return on equity of 17.42% and a net margin of 16.31%. The company had revenue of $541.90 million during the quarter, compared to analysts' expectations of $520.53 million. During the same quarter in the prior year, the firm posted $1.43 EPS. Cirrus Logic'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 Price Performance

Shares of NASDAQ CRUS traded down $7.84 during mid-day trading on Tuesday, reaching $102.79. 1,948,417 shares of the company traded hands, compared to its average volume of 503,629. Cirrus Logic has a fifty-two week low of $69.23 and a fifty-two week high of $147.46. The firm has a market cap of $5.49 billion, a PE ratio of 19.42 and a beta of 0.96. The stock has a fifty day simple moving average of $125.69 and a 200-day simple moving average of $122.09.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRUS. KeyCorp lifted their price objective on Cirrus Logic from $155.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Barclays decreased their price target on Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Tuesday. Stifel Nicolaus reduced their target price on Cirrus Logic from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, October 9th. Finally, Susquehanna dropped their target price on Cirrus Logic from $160.00 to $135.00 and set a "positive" rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cirrus Logic presently has a consensus rating of "Moderate Buy" and an average target price of $132.00.

Insiders Place Their Bets

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

Cirrus Logic Company Profile

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.