Q2 EPS Estimates for Cirrus Logic Cut by Zacks Research

Cirrus Logic, Inc. (NASDAQ:CRUS) – Analysts at Zacks Research lowered their Q2 2026 earnings estimates for Cirrus Logic in a research report issued to clients and investors on Tuesday, May 27th. Zacks Research analyst R. Department now expects that the semiconductor company will earn $1.61 per share for the quarter, down from their previous 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.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.15 by $0.52. The firm had revenue of $424.46 million for 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 business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 earnings per share.

Several other equities research analysts also recently issued reports on CRUS. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday, March 19th. Barclays raised their price target 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. Wall Street Zen raised Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus set a $120.00 price target on Cirrus Logic in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $128.33.

Cirrus Logic Price Performance

Cirrus Logic stock opened at $99.81 on Thursday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 18.11 and a beta of 0.92. The company’s fifty day moving average price is $95.37 and its two-hundred day moving average price is $100.59. Cirrus Logic has a one year low of $75.83 and a one year high of $147.46.

Institutional Investors Weigh In On Cirrus Logic

Hedge funds have recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cirrus Logic in the fourth quarter valued at about $28,000. Banque Cantonale Vaudoise bought a new stake in shares of Cirrus Logic in the first quarter valued at about $30,000. Headlands Technologies LLC bought a new stake in shares of Cirrus Logic in the fourth quarter valued at about $39,000. Quent Capital LLC lifted its stake in Cirrus Logic by 167.2% during the fourth quarter. Quent Capital LLC now owns 473 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 296 shares during the period. Finally, R Squared Ltd bought a new position in Cirrus Logic during the fourth quarter worth about $47,000. Institutional investors own 87.96% of the company’s stock.

Insider Activity at Cirrus Logic

In related news, Director Alexander M. Davern sold 1,000 shares of the 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 completion of the sale, the director now owns 20,907 shares in the company, valued at approximately $2,208,197.34. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.02% of the stock is owned by corporate insiders.

Cirrus Logic declared that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the semiconductor company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.