Q1 EPS Estimates for Cirrus Logic Raised by Zacks Research

Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) - Zacks Research upped their Q1 2026 earnings per share (EPS) estimates for shares of Cirrus Logic in a research note issued on Tuesday, May 27th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $0.72 for the quarter, up from their previous forecast of $0.53. 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 2026 earnings at $2.16 EPS, Q4 2026 earnings at $1.06 EPS, FY2026 earnings at $5.54 EPS, Q1 2027 earnings at $0.65 EPS, Q2 2027 earnings at $1.80 EPS, Q3 2027 earnings at $2.04 EPS, Q4 2027 earnings at $1.54 EPS and FY2027 earnings at $6.04 EPS.

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

CRUS has been the topic of a number of other research reports. Wall Street Zen raised shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 28th. Barclays increased their target price on Cirrus Logic from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of Cirrus Logic in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $120.00 target price on Cirrus Logic in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $128.33.

Cirrus Logic Price Performance

CRUS traded up $2.38 during trading on Friday, hitting $100.12. 179,885 shares of the stock traded hands, compared to its average volume of 634,067. Cirrus Logic has a twelve month low of $75.83 and a twelve month high of $147.46. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 18.17 and a beta of 0.92. The business has a 50 day moving average price of $95.17 and a 200 day moving average price of $100.51.

Cirrus Logic declared that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, Director Alexander M. Davern sold 1,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.62, for a total value of $105,620.00. Following the transaction, the director now owns 20,907 shares of the company's stock, valued at approximately $2,208,197.34. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by insiders.

Institutional Trading of Cirrus Logic

Several hedge funds have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Cirrus Logic during the fourth quarter worth about $28,000. Banque Cantonale Vaudoise purchased a new position in shares of Cirrus Logic during the 1st quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in shares of Cirrus Logic during the 4th quarter valued at about $39,000. Quent Capital LLC raised its holdings in shares of Cirrus Logic by 167.2% during the 4th quarter. Quent Capital LLC now owns 473 shares of the semiconductor company's stock valued at $47,000 after buying an additional 296 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Cirrus Logic in the 4th quarter worth $47,000. 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.