Zacks Research Expects Reduced Earnings for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) - Investment analysts at Zacks Research dropped their Q2 2026 earnings estimates for Cirrus Logic in a report released on Tuesday, May 27th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $1.61 per share for the quarter, down from their prior forecast of $1.63. 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 FY2028 earnings at $7.30 EPS.

A number of other brokerages have also recently weighed in on CRUS. Stifel Nicolaus set a $120.00 price target on shares of Cirrus Logic in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Benchmark reissued a "buy" rating and set a $125.00 target price on shares of Cirrus Logic in a research report on Wednesday, March 19th. Finally, Barclays upped their price target on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $128.33.

Cirrus Logic Stock Down 2.0%

Shares of CRUS traded down $2.01 during mid-day trading on Thursday, hitting $97.80. The company had a trading volume of 616,371 shares, compared to its average volume of 634,954. The business's 50-day simple moving average is $95.28 and its 200-day simple moving average is $100.54. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $147.46. The stock has a market cap of $5.04 billion, a PE ratio of 17.75 and a beta of 0.92.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.52. The business had revenue of $424.46 million during the quarter, compared to the consensus estimate of $380.26 million. Cirrus Logic had a net margin of 16.55% and a return on equity of 16.60%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.24 earnings per share.

Cirrus Logic announced that its board has authorized a share buyback program on Tuesday, May 6th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Cirrus Logic

In other news, Director Alexander M. Davern sold 1,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.62, for a total value of $105,620.00. Following the transaction, the director now directly owns 20,907 shares in the company, valued at approximately $2,208,197.34. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Strs Ohio bought a new position in shares of Cirrus Logic in the 1st quarter worth about $1,434,000. Geneos Wealth Management Inc. lifted its position in shares of Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company's stock worth $47,000 after buying an additional 232 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Cirrus Logic in the 1st quarter worth about $361,000. Plato Investment Management Ltd acquired a new stake in shares of Cirrus Logic in the 1st quarter worth about $98,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Cirrus Logic by 923.2% in the 1st quarter. Bayforest Capital Ltd now owns 6,743 shares of the semiconductor company's stock worth $672,000 after acquiring an additional 6,084 shares during the period. 87.96% of the stock is currently owned by institutional investors.

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.