Zacks Research Forecasts Stronger Earnings for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS) – Research analysts at Zacks Research increased their Q1 2026 EPS estimates for Cirrus Logic in a report released on Tuesday, May 27th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings of $0.72 per share for the quarter, up from their previous estimate 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.

Other analysts have also issued research reports about the stock. Barclays boosted their price target on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an “equal weight” rating 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 issued a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Cirrus Logic in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cirrus Logic presently has an average rating of “Buy” and a consensus price target of $128.33.

Cirrus Logic Stock Down 2.0%

NASDAQ CRUS opened at $97.80 on Friday. The company’s 50 day moving average is $95.28 and its 200-day moving average is $100.54. Cirrus Logic has a 12-month low of $75.83 and a 12-month high of $147.46. The firm has a market cap of $5.04 billion, a P/E ratio of 17.75 and a beta of 0.92.

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

Cirrus Logic declared that its board has approved a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes 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 board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Alexander M. Davern sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.62, for a total transaction of $105,620.00. Following the sale, the director now owns 20,907 shares of the company’s stock, valued at approximately $2,208,197.34. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.02% of the stock is currently owned by insiders.

Institutional Trading of Cirrus Logic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in Cirrus Logic by 0.7% during the 4th quarter. Arizona State Retirement System now owns 15,492 shares of the semiconductor company’s stock worth $1,543,000 after acquiring an additional 101 shares during the period. May Hill Capital LLC grew its stake in Cirrus Logic by 5.4% in the 1st quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock worth $221,000 after buying an additional 113 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in Cirrus Logic by 3.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company’s stock worth $343,000 after buying an additional 124 shares in the last quarter. Truvestments Capital LLC grew its stake in Cirrus Logic by 3.5% in the 4th quarter. Truvestments Capital LLC now owns 3,981 shares of the semiconductor company’s stock worth $396,000 after buying an additional 133 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in Cirrus Logic by 4.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,769 shares of the semiconductor company’s stock worth $376,000 after buying an additional 151 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

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.