Q1 EPS Estimates for Cirrus Logic Lifted by Zacks Research

Cirrus Logic, Inc. (NASDAQ:CRUS) – Research analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for Cirrus Logic in a report issued on Monday, May 25th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.42 for the quarter, up from their prior estimate of $1.15. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Cirrus Logic’s current full-year earnings is $8.01 per share. Zacks Research also issued estimates for Cirrus Logic’s Q2 2027 earnings at $2.42 EPS, Q3 2027 earnings at $2.76 EPS, Q4 2027 earnings at $1.49 EPS, FY2027 earnings at $8.08 EPS, Q1 2028 earnings at $1.50 EPS, Q2 2028 earnings at $2.42 EPS, Q3 2028 earnings at $3.04 EPS, Q4 2028 earnings at $1.56 EPS, FY2028 earnings at $8.53 EPS and FY2029 earnings at $8.58 EPS.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The business had revenue of $448.52 million during the quarter, compared to analysts’ expectations of $442.26 million. During the same quarter last year, the company posted $1.67 earnings per share. Cirrus Logic’s quarterly revenue was up 5.7% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on the company. Loop Capital cut Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a research report on Friday, March 27th. Benchmark increased their price target on Cirrus Logic from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. KeyCorp upped their target price on Cirrus Logic from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Barclays raised their target price on Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Cirrus Logic has a consensus rating of “Moderate Buy” and an average price target of $161.71.

Cirrus Logic Price Performance

Shares of CRUS opened at $167.73 on Tuesday. The firm has a market capitalization of $8.48 billion, a PE ratio of 21.39 and a beta of 1.15. The company’s 50-day moving average is $160.79 and its 200-day moving average is $139.67. Cirrus Logic has a fifty-two week low of $92.02 and a fifty-two week high of $180.42.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRUS. Royal Bank of Canada lifted its stake in shares of Cirrus Logic by 92.3% in the 1st quarter. Royal Bank of Canada now owns 72,134 shares of the semiconductor company’s stock valued at $7,189,000 after acquiring an additional 34,629 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cirrus Logic by 24.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 263 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cirrus Logic by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,457 shares of the semiconductor company’s stock worth $21,372,000 after purchasing an additional 9,658 shares during the last quarter. Focus Partners Wealth acquired a new position in Cirrus Logic during the 1st quarter worth about $361,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 232 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Transactions at Cirrus Logic

In other news, CEO John Forsyth sold 5,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $170.41, for a total value of $852,050.00. Following the completion of the transaction, the chief executive officer directly owned 70,016 shares in the company, valued at approximately $11,931,426.56. This represents a 6.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 9,942 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $160.11, for a total value of $1,591,813.62. Following the completion of the transaction, the executive vice president owned 30,393 shares of the company’s stock, valued at $4,866,223.23. The trade was a 24.65% decrease in their ownership of the stock. 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 17,942 shares of company stock valued at $2,935,864 over the last quarter. 1.16% of the stock is currently owned by insiders.

Trending Headlines about Cirrus Logic

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Zacks Research raised Cirrus Logic’s FY2027 EPS estimate to $8.08 from $7.97, signaling improved earnings expectations for the next fiscal year.
• Positive Sentiment: FY2028 EPS estimates were increased to $8.53 from $7.95, reinforcing a more favorable longer-term profit outlook for Cirrus Logic (NASDAQ:CRUS).
• Positive Sentiment: Analysts also lifted several quarterly estimates, including Q1 2027, Q4 2027, Q1 2028, Q3 2028, and Q4 2028, which may support investor confidence in the company’s earnings trajectory.
• Neutral Sentiment: Zacks Research maintained its Hold rating on the stock, indicating the revisions were positive but not strong enough to change its overall stance.
• Negative Sentiment: Not all estimates moved higher: Zacks trimmed its Q2 2027 and Q2 2028 EPS forecasts, showing some near-term variability in expectations.
• Negative Sentiment: The current consensus full-year EPS estimate remains at $8.01, so some of the upgraded projections are still only slightly above the broader market view.

Cirrus Logic Company Profile

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.