Cirrus Logic (CRUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Shares of Cirrus Logic Inc. shot up 5.5% in morning trading Tuesday, after BofA Securities analyst Adam Gonzalez swung to bullish from bearish on the semiconductor supplier, and boosted his price target by 33%, citing expectations of a content boost from Apple Inc.'s next-generation iPhones. Gonzalez raised his rating to buy from sell, and his price target to $80 from $60. He expects an earnings boost of 50 cents to $1.00 a share from incremental content in 2020 iPhones to support improved camera stabilization via new sensor-shift technology. "We believe [Cirrus] has strong visibility into a 15%-25% content boost in next-gen iPhones which provides a path for the company to grow at least in line with core semis in 2020 (-4-5% [year-over-year]) even if global smartphone units decline -10% YoY," Gonzalez wrote in a note to clients. Cirrus shares have lost 18.0% over the past three months, while Apple's stock has declined 11.4% and the Dow Jones Industrial Average has lost 21.5%.

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 44.68% and 6.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Increased component shipments in smartphones and digital headsets drive Cirrus Logic's (CRUS) Q4 revenues and earnings.

Intel makes the list Continue reading...

Upgrades * For Ultrapar Participacoes SA (NYSE: UGP), B of A Securities upgraded the stock from Neutral to Buy. For the fourth quarter, Ultrapar Participacoes had an EPS of \ No EPS Value , compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $12.37 and a 52-week-low of $1.97. Ultrapar Participacoes's stock last closed at $2.43 per share. * For The Wendy's Co (NASDAQ: WEN), Cowen & Co. upgraded the stock from Market Perform to Outperform. For the fourth quarter, Wendy's had an EPS of $0.08, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $24.04 and a 52-week-low of $6.82. Wendy's's stock last closed at $14.97 per share. * For Corteva Inc (NYSE: CTVA), Susquehanna upgraded the stock from Neutral to Positive. Interestingly, in the fourth quarter, Corteva's EPS was $0.07. The stock has a 52-week-high of $32.78 and a 52-week-low of $20.38. Corteva's stock last closed at $24.14 per share. * Wedbush changed the rating for The Wendy's Co (NASDAQ: WEN) from Neutral to Outperform. In the fourth quarter, Wendy's showed an EPS of $0.08, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $24.04 and a 52-week-low of $6.82. Wendy's's stock last closed at $14.97 per share. * For IDEX Corp (NYSE: IEX), Cowen & Co. upgraded the stock from Market Perform to Outperform. For the fourth quarter, IDEX had an EPS of $1.33, compared to year-ago quarter EPS of $1.31. The stock has a 52-week-high of $178.14 and a 52-week-low of $104.56. IDEX's stock last closed at $136.88 per share. * For Dollar General Corp (NYSE: DG), Wells Fargo upgraded the stock from Equal-Weight to Overweight. For the fourth quarter, Dollar General had an EPS of $2.10, compared to year-ago quarter EPS of $1.84. The stock has a 52-week-high of $167.44 and a 52-week-low of $116.15. Dollar General's stock last closed at $146.66 per share. * Exane BNP Paribas changed the rating for Oracle Corp (NYSE: ORCL) from Neutral to Outperform. Oracle earned $0.97 in the third quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $60.50 and a 52-week-low of $39.71. Oracle's stock last closed at $50.33 per share. * Barclays changed the rating for Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ: OMAB) from Underweight to Overweight. In the fourth quarter, Central North Airport Gr showed an EPS of $0.82, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $67.07 and a 52-week-low of $20.55. Central North Airport Gr's stock last closed at $26.44 per share. * For The Mosaic Co (NYSE: MOS), B of A Securities upgraded the stock from Neutral to Buy. Mosaic earned ($0.29) in the fourth quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $28.01 and a 52-week-low of $6.50. Mosaic's stock last closed at $10.00 per share. * For Cirrus Logic Inc (NASDAQ: CRUS), B of A Securities upgraded the stock from Underperform to Buy. For the third quarter, Cirrus Logic had an EPS of $1.41, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $91.63 and a 52-week-low of $37.24. Cirrus Logic's stock last closed at $64.04 per share. * For Apache Corp (NYSE: APA), UBS upgraded the stock from Sell to Neutral. For the fourth quarter, Apache had an EPS of $0.08, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $38.12 and a 52-week-low of $3.80. Apache's stock last closed at $4.10 per share. * For Hewlett Packard Enterprise Co (NYSE: HPE), Wells Fargo upgraded the stock from Equal-Weight to Overweight. Hewlett Packard earned $0.44 in the first quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $17.59 and a 52-week-low of $7.43. Hewlett Packard's stock last closed at $10.04 per share. Downgrades * For Avrobio Inc (NASDAQ: AVRO), H.C. Wainwright downgraded the stock from Buy to Neutral. Avrobio earned ($0.72) in the fourth quarter, compared to ($0.67) in the year-ago quarter. The stock has a 52-week-high of $29.32 and a 52-week-low of $9.76. Avrobio's stock last closed at $16.53 per share. * For Teladoc Health Inc (NYSE: TDOC), Berenberg downgraded the stock from Buy to Hold. Teladoc Health earned ($0.26) in the fourth quarter, compared to ($0.35) in the year-ago quarter. The stock has a 52-week-high of $176.40 and a 52-week-low of $48.57. Teladoc Health's stock last closed at $163.59 per share. * Goldman Sachs changed the rating for Amarin Corp PLC (NASDAQ: AMRN) from Buy to Neutral. For the fourth quarter, Amarin Corp had an EPS of $0.02, compared to year-ago quarter EPS of ($0.09). The stock has a 52-week-high of $26.12 and a 52-week-low of $8.58. Amarin Corp's stock last closed at $13.58 per share. * For Venus Concept Inc (NASDAQ: VERO), Oppenheimer downgraded the stock from Outperform to Perform. Venus Concept earned ($1.07) in the fourth quarter. The stock has a 52-week-high of $9.00 and a 52-week-low of $2.06. Venus Concept's stock last closed at $3.64 per share. * DA Davidson changed the rating for Great Western Bancorp Inc (NYSE: GWB) from Buy to Neutral. In the first quarter, Great Western Bancorp showed an EPS of $0.77, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $36.65 and a 52-week-low of $16.87. Great Western Bancorp's stock last closed at $20.77 per share. * HC Wainwright & Co. downgraded the stock for Avrobio Inc (NASDAQ: AVRO) from Buy to Neutral. For the fourth quarter, Avrobio had an EPS of ($0.72), compared to year-ago quarter EPS of ($0.67). The stock has a 52-week-high of $29.32 and a 52-week-low of $9.76. Avrobio's stock last closed at $16.53 per share. * For Cronos Group Inc (NASDAQ: CRON), Canaccord Genuity downgraded the stock from Hold to Sell. In the fourth quarter, Cronos Group showed an EPS of $0.16, compared to ($0.05) from the year-ago quarter. The stock has a 52-week-high of $19.24 and a 52-week-low of $4.00. Cronos Group's stock last closed at $6.34 per share. * For Xylem Inc (NYSE: XYL), Atlantic Equities downgraded the stock from Overweight to Neutral. Xylem earned $0.89 in the fourth quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $89.34 and a 52-week-low of $54.62. Xylem's stock last closed at $66.30 per share. * KeyBanc changed the rating for Synaptics Inc (NASDAQ: SYNA) from Overweight to Sector Weight. In the second quarter, Synaptics showed an EPS of $2.04, compared to $1.55 from the year-ago quarter. The stock has a 52-week-high of $84.75 and a 52-week-low of $26.34. Synaptics's stock last closed at $59.65 per share. * Barclays changed the rating for Grupo Aeroportuario del Pacifico SAB de CV (NYSE: PAC) from Overweight to Equal-Weight. For the fourth quarter, Grupo Aeroportuario del had an EPS of $1.35, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $135.31 and a 52-week-low of $44.28. Grupo Aeroportuario del's stock last closed at $54.93 per share. Initiations * Guggenheim Securities initiated coverage on Arena Pharmaceuticals Inc (NASDAQ: ARNA) with a Buy rating. The price target for Arena Pharmaceuticals is set at $95.00. Arena Pharmaceuticals earned ($1.76) in the fourth quarter, compared to ($0.82) in the year-ago quarter. The stock has a 52-week-high of $64.48 and a 52-week-low of $32.95. Arena Pharmaceuticals's stock last closed at $42.12 per share.See more from Benzinga * McCormick & Co: Q1 Earnings Insights * Conagra Brands: Q3 Earnings Insights * Capital Senior Living: Q4 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cirrus Logic (NASDAQ:CRUS) shareholders are no doubt pleased to see that the share price has bounced 35% in the last...

Cirrus Logic, Inc. (Nasdaq: CRUS) today posted on its website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the fourth quarter and full fiscal year 2020, which ended March 28, 2020, as well as the company’s current business outlook.

Joining me on today's call is Jason Rhode, Cirrus Logic's Chief Executive Officer; John Forsyth, the Company's President; and Chelsea Heffernan, our Director of Investor Relations. Today, we announced our financial results for the fourth quarter and full fiscal year 2020 at approximately 4:00 p.m. Eastern.

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will be presenting at the following investor conferences:

Cirrus Logic, Inc. posted better-than-expected revenue and earnings for its fiscal fourth quarter but forecast that fiscal first-quarter revenue will fall 6% from the same period last year. The maker of chips used in mobile phones and other devices said revenue in the just completed period was $279.3 million. It posted non-GAAP earnings per share of 68 cents.

Q4 2020 Cirrus Logic Inc Earnings Call

Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its fourth quarter and full fiscal year 2020 financial results and business outlook on the investor relations area of its website on Monday, May 4, at approximately 4 p.m. EDT.

Catherine Lego Cirrus Logic board of directors

Cirrus Logic (CRUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Today we are going to look at Cirrus Logic, Inc. (NASDAQ:CRUS) to see whether it might be an attractive investment...

Shareholders might have noticed that Cirrus Logic, Inc. (NASDAQ:CRUS) filed its full-year result this time last week...

Cirrus Logic (NASDAQ: CRUS) crushed Wall Street's expectations with a terrific fiscal 2020 fourth-quarter report earlier this month. The chipmaker's revenue and earnings increased substantially during the quarter that ended in March, which is impressive considering the impact of the COVID-19 pandemic on smartphone markets across the globe. Apple (NASDAQ: AAPL) is its largest customer, accounting for 75% of the total revenue last quarter, followed by an Android smartphone maker that supplies another 10%.

Cirrus Logic and Skyworks Solutions saw their shares rise Tuesday on better-than-expected March-quarter results. The two semiconductor stocks reported quarterly results late Monday.

By Chuck Royce, Lauren Romeo and Steven McBoyle Continue reading...