Zacks Research Decreases Earnings Estimates for Cirrus Logic

Key Points

• Zacks Research has reduced its Q4 2026 earnings estimate for Cirrus Logic from $0.85 to $0.76 per share, indicating a potential decline in the company's financial outlook.
• Cirrus Logic recently reported a quarterly earnings of $1.51 per share, exceeding estimates, and experienced an 8.9% year-over-year increase in revenue, totaling $407.27 million.
• Four analysts have rated Cirrus Logic with a Buy designation, while the stock currently has a consensus target price of $125.00 and a market cap of $6.70 billion.

Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) - Research analysts at Zacks Research lowered their Q4 2026 earnings estimates for shares of Cirrus Logic in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team now expects that the semiconductor company will earn $0.76 per share for the quarter, down from their previous forecast of $0.85. The consensus estimate for Cirrus Logic's current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic's Q3 2027 earnings at $1.97 EPS and FY2028 earnings at $6.56 EPS.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The company had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the prior year, the business posted $1.12 EPS. Cirrus Logic's quarterly revenue was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS.

Other research analysts have also issued reports about the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Stifel Nicolaus increased their price target on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.00.

Cirrus Logic Trading Down 0.6%

NASDAQ:CRUS opened at $130.49 on Wednesday. Cirrus Logic has a 1 year low of $75.83 and a 1 year high of $131.87. The firm's fifty day simple moving average is $119.74 and its 200 day simple moving average is $106.84. The firm has a market capitalization of $6.70 billion, a PE ratio of 20.42 and a beta of 1.09.

Insider Transactions at Cirrus Logic

In related news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the completion of the transaction, the executive vice president directly owned 26,307 shares of the company's stock, valued at $3,196,037.43. This trade represents a 29.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the transaction, the executive vice president directly owned 5,698 shares of the company's stock, valued at $665,925.26. This represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,453 shares of company stock valued at $3,821,790. Company insiders own 1.16% of the company's stock.

Hedge Funds Weigh In On Cirrus Logic

Several institutional investors have recently added to or reduced their stakes in CRUS. Hantz Financial Services Inc. lifted its holdings in Cirrus Logic by 1,660.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 249 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic during the 1st quarter worth approximately $30,000. RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic during the 2nd quarter worth approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cirrus Logic during the 2nd quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cirrus Logic during the 2nd quarter worth approximately $39,000. 87.96% of the stock is owned by institutional investors.

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.

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