Zacks Research Lowers Earnings Estimates for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS) – Zacks Research lowered their Q4 2026 earnings per share estimates for Cirrus Logic in a research report issued on Tuesday, October 21st. Zacks Research analyst Team now forecasts that the semiconductor company will post earnings of $0.76 per share for the quarter, down from their previous estimate 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.

Several other equities analysts also recently commented on CRUS. Susquehanna boosted their price objective on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Wall Street Zen upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Cirrus Logic presently has an average rating of “Moderate Buy” and an average target price of $128.00.

Cirrus Logic Stock Down 1.2%

Shares of Cirrus Logic stock opened at $128.92 on Wednesday. The stock’s 50-day simple moving average is $120.11 and its 200-day simple moving average is $107.00. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $131.87. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 20.18 and a beta of 1.09.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in shares of Cirrus Logic by 1,660.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Cirrus Logic in the 1st quarter worth $30,000. RMG Wealth Management LLC purchased a new position in shares of Cirrus Logic during the 2nd quarter valued at about $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Cirrus Logic during the 2nd quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cirrus Logic in the 2nd quarter valued at about $39,000. Institutional investors own 87.96% of the company’s stock.

Insider Transactions at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $1,099,440.00. Following the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This represents a 39.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the transaction, the executive vice president directly owned 5,698 shares in the company, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,187 shares of company stock worth $3,918,128. 1.16% of the stock is currently owned by company insiders.

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.