Zacks Research Forecasts Reduced Earnings for Cirrus Logic

Cirrus Logic, Inc. (NASDAQ:CRUS) – Research analysts at Zacks Research dropped their Q4 2027 earnings per share (EPS) estimates for shares of Cirrus Logic in a report issued on Wednesday, August 26th. Zacks Research analyst Team now expects that the semiconductor company will earn $1.33 per share for the quarter, down from their previous forecast of $1.49. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Cirrus Logic’s current full-year earnings is $7.47 per share. Zacks Research also issued estimates for Cirrus Logic’s Q2 2028 earnings at $2.21 EPS and Q4 2028 earnings at $1.42 EPS.

Several other research firms also recently commented on CRUS. Barclays decreased their price objective on Cirrus Logic from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus reduced their target price on shares of Cirrus Logic from $197.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, KeyCorp lowered their price target on shares of Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $150.71.

Cirrus Logic Stock Performance

NASDAQ:CRUS opened at $110.34 on Thursday. The stock has a 50-day simple moving average of $136.07 and a two-hundred day simple moving average of $148.01. The firm has a market capitalization of $5.53 billion, a PE ratio of 13.51 and a beta of 1.18. Cirrus Logic has a 52-week low of $109.88 and a 52-week high of $180.42.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Wednesday, August 5th. The semiconductor company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The company had revenue of $459.72 million for the quarter, compared to analysts’ expectations of $460.32 million. Cirrus Logic had a return on equity of 20.61% and a net margin of 21.00%.Cirrus Logic’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $1.51 EPS.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Andrew Brannan sold 6,464 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $144.71, for a total value of $935,405.44. Following the transaction, the executive vice president directly owned 7,203 shares in the company, valued at $1,042,346.13. The trade was a 47.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 1,300 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $180.04, for a total value of $234,052.00. Following the completion of the transaction, the executive vice president directly owned 31,048 shares of the company’s stock, valued at approximately $5,589,881.92. This trade represents a 4.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 16,631 shares of company stock valued at $2,536,629 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRUS. Caitong International Asset Management Co. Ltd grew its holdings in Cirrus Logic by 7,333.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 220 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Cirrus Logic by 120.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 120 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cirrus Logic in the fourth quarter worth $33,000. Torren Management LLC purchased a new position in shares of Cirrus Logic in the fourth quarter worth $35,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Cirrus Logic during the fourth quarter worth $36,000. 87.96% of the stock is currently owned by institutional investors.

About Cirrus Logic

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.