Cirrus Logic (NASDAQ:CRUS) 주식

CIRRUS LOGIC INC

Cirrus Logic

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.

Cirrus Logic Inc

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Shares of semiconductor companies are higher after the US and China agreed to a temporary reduction in most tariffs on each other's goods. A reduction in tariffs could alleviate some supply chain concerns and improve macro sentiment as well as demand visibility.

Move over, dividends &#8211; corporate America is in love with itself again. According to JPMorgan strategist Nikolaos Panigirtzoglou, U.S. corporate share buybacks surged in April, marking the strongest monthly pace in years and reinforcing their role as a stabilizing force <a href="https://www.benzinga.com/topic/volatility">in volatile markets</a>.
May has kicked off with a fresh surge of stock buyback announcements, and it's not just a sprinkle &#8211; it's a full-blown cash confetti storm. Repurchase plans announced since April 1 now add up to $262 billion, suggesting companies are favoring ploughing extra cash into buybacks over, say, dividend payments.
Panigirtzoglou notes that this contrarian pattern &#8211; where buybacks ramp up following equity market corrections &#8211; was similarly evident during the Silicon Valley Bank crisis two years ago (the SVB collapsed in March 2023) and the early stages of the Ukraine war.
He notes that corporate repurchases complemented a rebound in equity-focused hedge fund positioning, which had previously de-risked in February and March, further amplifying April&#8217;s V-shaped equity recovery.
Read Also: <a href="https://www.benzinga.com/25/05/45284152/coin-vs-mara-which-crypto-stock-chart-has-the-bullish-edge-before-q1-earnings-drop">COIN Vs. MARA: Which Crypto Stock Chart Has The Bullish Edge Before Q1 Earnings Drop?</a>
<h2 class="wp-block-heading">Apple, Alphabet, Wells Fargo Leading Corporate Buybacks</h2>
Leading the parade is Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), flexing its financial muscles with a jaw-dropping $100 billion buyback—because, apparently, having a $2.7 trillion market cap wasn't enough self-confidence. This is no fluke; it's an "additional" buyback, which means Apple's just topping off a long-standing habit of hoarding its own stock like it&#8217;s going out of style.
Hot on its heels is Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) with a $70 billion share repurchase. Google may have axed cookies, but it's still baking up returns for shareholders in bulk.
Not to be outdone, Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is pouring $40 billion into its own stock. After years of reputational rehab, the bank seems ready to bet on itself &#8211; in a very big way.
And it&#8217;s not just the mega-caps feeling themselves. KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) dropped a $5 billion mic, Dick's Sporting Goods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) entered the <a href="https://www.benzinga.com/25/03/44246625/dicks-sporting-beats-q4-earnings-stock-falls-amid-soft-outlook">game with $3 billion</a>, and Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) is scooping up $3.5 billion of its shares &#8211; proving oil profits aren't just for gas stations and exec bonuses.
<h2 class="wp-block-heading">Tech&#8217;s Buyback Binge</h2>
Tech is clearly in a buyback binge: Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) <a href="https://www.benzinga.com/news/buybacks/25/04/44674899/broadcom-stock-jumps-on-10-billion-buyback-authorization">announced $10 billion</a> in early April, and Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) followed suit with its own <a href="https://www.benzinga.com/news/buybacks/25/03/44218819/applied-materials-hikes-dividend-for-8th-year-greenlights-10-billion-buyback-to-reward-investors">$10 billion plan</a>. 
Meanwhile, Align Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) flashed its smile with a fresh $1 billion authorization, maybe to offset Invisalign's market volatility.
<h2 class="wp-block-heading">Consumer Stocks &#8211; Not Far Behind</h2>
There's also action in the consumer and industrial space. Graphic Packaging Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPK#NYSE">GPK</a>), Ingersoll Rand Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>), and Cirrus Logic Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) all made $500 million–$1.5 billion commitments. 
Even MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) got in on the game with a $2 billion plan &#8211; perhaps betting on itself while its visitors bet on the slots.
The pattern is clear: buybacks are back with a vengeance. Whether it&#8217;s to boost EPS, signal confidence, or fend off activist investors, companies are scooping up shares at a pace that has investors sitting up &#8211; and short sellers sweating.
Bottom line? When the biggest names in business are buying their own stock, it might be time for investors to take notice—before the buyback wave pushes prices even higher.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/25/05/45283751/bill-gates-called-steve-jobs-genius-in-a-way-you-cant-explain-and-said-i-dont-know-somebody-whos-just-like-him-while-reflecting-on-their-decades-long-collaboration-and-rivalry">Bill Gates Called Steve Jobs A &#8216;Genius In A Way You Can&#8217;t Explain,&#8217; Says &#8216;I Don&#8217;t Know Anybody Who&#8217;s Just Like Him&#8217; While Reflecting on Their Decades-Long Collaboration and Rivalry</a></li>
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Photo: Shutterstock

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Apple, Alphabet Lead $262B Buyback Binge On Wall Street

4 analysts have expressed a variety of opinions on Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $101.75, a high estimate of $125.00, and a low estimate of $80.00. This current average represents a 11.52% decrease from the previous average price target of $115.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1746648027_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Cirrus Logic by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$80.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Tore Svanberg</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$112.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>David Williams</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$125.00</td>
<td>$125.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cirrus Logic. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cirrus Logic compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Cirrus Logic's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cirrus Logic's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRUS/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Cirrus Logic analyst ratings.</a>
<h2>All You Need to Know About Cirrus Logic</h2>
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
<h3>Financial Milestones: Cirrus Logic's Journey</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Cirrus Logic's revenue growth over 3M faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -10.22%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Cirrus Logic's net margin is impressive, surpassing industry averages. With a net margin of 20.87%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Cirrus Logic's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.96% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Cirrus Logic's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.92%, the company showcases efficient use of assets and strong financial health.
Debt Management: Cirrus Logic's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.07.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Breaking Down Cirrus Logic: 4 Analysts Share Their Views

CRUS stock has given up its prior gain. Cirrus Logic shares were trading higher after the company reported better-than-expected Q4 financial results and issued Q1 sales guidance with its midpoint above estimates. Also, Barclays raised its price target on the stock from $80 to $90.

Cirrus Logic shares are trading higher after the company reported better-than-expected Q4 financial results and issued Q1 sales guidance with its midpoint above estimates. Also, Barclays raised its price target on the stock from $80 to $90.

Barclays analyst Tom O'Malley maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Equal-Weight and raises the price target from $80 to $90.

Price Target

Barclays Maintains Equal-Weight on Cirrus Logic, Raises Price Target to $90

Guidance

Cirrus Logic Sees Q1 Sales $330.000M-$390.000M vs $339.77M Est

Earnings

Earnings Beats

Cirrus Logic Q4 Adj. EPS $1.67 Beats $1.18 Estimate, Sales $424.50M Beat $380.31M Estimate

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Embraer-Empresa Brasileira De Aeronautica

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Earnings Scheduled For May 6, 2025

Barclays analyst Tom O'Malley maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Equal-Weight and lowers the price target from $115 to $80.

Barclays Maintains Equal-Weight on Cirrus Logic, Lowers Price Target to $80

Analysts' ratings for Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $119.25, a high estimate of $125.00, and a low estimate of $112.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.64%. 
<img src="https://www.benzinga.com/files/images/story/2025/1744898453_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Cirrus Logic among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Tore Svanberg &#x7C;Stifel &#x7C;Lowers &#x7C;Buy &#x7C; $112.00&#x7C;$140.00 &#x7C; 
&#x7C;David Williams &#x7C;Benchmark &#x7C;Maintains &#x7C;Buy &#x7C; $125.00&#x7C;$125.00 &#x7C; 
&#x7C;David Williams &#x7C;Benchmark &#x7C;Maintains &#x7C;Buy &#x7C; $125.00&#x7C;$125.00 &#x7C; 
&#x7C;Tom O'Malley &#x7C;Barclays &#x7C;Raises &#x7C;Equal-Weight &#x7C; $115.00&#x7C;$105.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cirrus Logic. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Cirrus Logic compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cirrus Logic's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRUS/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Cirrus Logic analyst ratings.</a>
<h2>Unveiling the Story Behind Cirrus Logic</h2>
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
<h3>Financial Insights: Cirrus Logic</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3M period, Cirrus Logic faced challenges, resulting in a decline of approximately -10.22% in revenue growth as of 31 December, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Cirrus Logic's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 20.87% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Cirrus Logic's ROE stands out, surpassing industry averages. With an impressive ROE of 5.96%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.92%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.07, Cirrus Logic adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

What Analysts Are Saying About Cirrus Logic Stock

Stifel analyst Tore Svanberg maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Buy and lowers the price target from $140 to $112.

Stifel Maintains Buy on Cirrus Logic, Lowers Price Target to $112

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iShares PHLX SOX Semiconductor Sector Index Fund

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Shares of chip stocks are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of chip stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of companies within the broader tech sector are trading lower amid an overall market reversal on US-China trade tensions.

Benchmark analyst David Williams reiterates Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Buy and maintains $125 price target.

Reiteration

Benchmark Reiterates Buy on Cirrus Logic, Maintains $125 Price Target

KOPN

Shares of semiconductor companies are trading higher amid ongoing volatility, possibly related to tariff delays.

<img alt="Cirrus Logic semiconductors" class="article-image-one" src="https://www.marketbeat.com/logos/articles/med_20250205135623_cirrus-logic-upgraded-after-q3-earnings-beatmore-g.png" style="height:488px; width:1200px" />
Mid-cap fabless <a href="https://www.marketbeat.com/compare-stocks/semiconductor-stocks/">semiconductor</a> company&nbsp;<a href="https://www.marketbeat.com/stocks/NASDAQ/CRUS/">Cirrus Logic, Inc. (NASDAQ: </a><a class="ticker" href="https://www.benzinga.com/stock/crus#NASDAQ">CRUS</a>) saw its stock climb nearly 7% on Wednesday following an impressive <a href="https://www.marketbeat.com/stocks/NASDAQ/CRUS/earnings/">earnings beat</a> reported in the after-hours on Tuesday. The strong results prompted multiple analyst upgrades, including one from Benchmark, which cited a solid Q3 performance and a promising outlook. After a steep decline from its 52-week highs, Cirrus Logic appears to be regaining momentum, raising the question, does this mark an opportune time to invest?
<h2>Getting to Know Cirrus Logic</h2>
Cirrus Logic, Inc. develops low-power, high-precision mixed-signal processing solutions for markets in China, the United States, and internationally. The company specializes in audio products, including amplifiers and codecs that integrate analog-to-digital and digital-to-analog converters into a single integrated circuit.
The company&#39;s innovations serve a wide range of applications, including smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. Beyond audio, the <a href="https://www.marketbeat.com/stocks/sectors/computer-and-technology/">technology</a> company offers high-performance mixed-signal products such as camera controllers, haptic and sensing solutions, and battery and power ICs, catering to both consumer electronics and industrial applications. Founded in 1984 in Austin, Texas, Cirrus Logic, headquartered in Austin, markets its products through direct sales, external representatives, and distributors.
<h2>CRUS Posted an Impressive Earnings Beat</h2>
The company&#39;s <a href="https://www.marketbeat.com/stocks/NASDAQ/CRUS/news/">latest earnings release</a> revealed strong financial performance. Revenue for Q3 was $555.7 million, surpassing analyst expectations of $510 million and exceeding the upper end of the company&#39;s guidance of $540 million. Non-GAAP earnings per share stood at $2.51, well above the consensus estimate of $2.04.&nbsp;
While revenue declined from the $619 million reported in Q3 the previous year, gross margins improved to 53.6% from 51.4%, reflecting operational efficiency gains. Demand for Cirrus Logic&#39;s smartphone audio components, particularly the custom boosted amplifier and 22-nanometer smart codec, played a crucial role in the quarter&#39;s performance. Additionally, the company&#39;s inclusion in Intel&#39;s Arrow Lake design for laptops signals progress in diversifying beyond mobile devices.
<h2>CRUS Remains Heavily Reliant on Apple</h2>
Despite these positives, Cirrus Logic relies heavily on <a href="https://www.marketbeat.com/stocks/NASDAQ/AAPL/">Apple</a>, which accounts for 87% of its sales. Any shift in Apple&#39;s procurement strategy could pose a significant revenue risk. The company also faces challenges tied to its fabless semiconductor model, including supply chain vulnerabilities. However, its expansion efforts in high-performance mixed-signal (HPMS) solutions could help mitigate such risks over time. Inventory levels rose to $271.8 million, largely due to wafer contract commitments, highlighting a key area of operational focus moving forward.
<h2>Management Is Optimistic About Q4&nbsp;</h2>
Looking ahead, Cirrus Logic&#39;s management remains <a href="https://www.marketbeat.com/stocks/NASDAQ/AAPL/news/">cautiously optimistic</a> about Q4 FY25, forecasting revenue between $350 million and $410 million, in line with seasonal trends. Gross margins are expected to remain within the 51%-53% range, while operating expenses are projected between $141 million and $147 million, including $20 million in stock-based compensation.
<h2>Benchmark and Barclays Upgrade CRUS&nbsp;</h2>
The earnings beat and improving outlook have led to <a href="https://www.marketbeat.com/stocks/NASDAQ/AAPL/forecast/">favorable analyst sentiment</a>.
Benchmark upgraded CRUS from Hold to Buy with a $125 price target, citing the company&#39;s strong quarter and progress in customer and end-market diversification.&nbsp;
Barclays also raised its price target from $105 to $115, reinforcing a positive outlook for the stock.
Seven analysts currently rate CRUS a Moderate Buy, and the consensus price target is $134.17, representing a potential 24.13% upside from current levels.
<h2>Cirrus Logic Shows Resilience with Strong Earnings Performance</h2>
With its latest earnings signaling resilience and ongoing efforts to diversify beyond its key customer, Cirrus Logic is regaining investor confidence. However, risks tied to customer concentration and supply chain management remain factors to consider. As the company navigates these challenges while expanding into new markets, investors will be watching closely to see whether CRUS can sustain its recent momentum.
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The article &quot;<a href="https://www.marketbeat.com/originals/cirrus-logic-upgraded-after-q3-earnings-beatmore-gains-ahead/">Cirrus Logic Upgraded After Q3 Earnings Beat&mdash;More Gains Ahead?</a>&quot; first appeared on MarketBeat.

Upgrades

Cirrus Logic Upgraded After Q3 Earnings Beat—More Gains Ahead?

<h3>Gainers</h3>
<ul>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares rose 30.8% to $0.09 during Wednesday's pre-market session. The company's market cap stands at $1.9 million. </li>
<li>Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) stock increased by 19.22% to $24.5. The market value of their outstanding shares is at $310.9 million. The company's, Q2 earnings came out yesterday. </li>
<li>BigBear.ai Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) stock increased by 11.4% to $5.47. The company's market cap stands at $1.3 billion. </li>
<li>CDW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares increased by 10.8% to $220.87. The market value of their outstanding shares is at $29.4 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) stock moved upwards by 9.47% to $111.0. The company's market cap stands at $5.8 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Nvni Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNI#NASDAQ">NVNI</a>) stock increased by 8.36% to $6.22. The market value of their outstanding shares is at $225.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) stock declined by 12.1% to $20.12 during Wednesday's pre-market session. The company's market cap stands at $937.8 million. </li>
<li>Intapp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) shares decreased by 11.43% to $65.11. The market value of their outstanding shares is at $5.0 billion. As per the press release, Q2 earnings came out yesterday. </li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock declined by 9.93% to $107.64. The market value of their outstanding shares is at $174.6 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>A10 Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATEN#NYSE">ATEN</a>) stock decreased by 8.44% to $18.57. The market value of their outstanding shares is at $1.3 billion. As per the press release, Q4 earnings came out yesterday. </li>
<li>Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) shares declined by 7.97% to $2.31. The company's market cap stands at $5.6 million. </li>
<li>Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) stock declined by 7.36% to $1676.62. The company's market cap stands at $40.9 billion. As per the news, the Q1 earnings report came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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