Q4 EPS Estimates for Cirrus Logic Reduced by Zacks Research

Cirrus Logic, Inc. (NASDAQ:CRUS) – Zacks Research lowered their Q4 2027 EPS estimates for shares of Cirrus Logic in a note issued to investors on Wednesday, August 26th. Zacks Research analyst Team now expects that the semiconductor company will post earnings of $1.33 per share for the quarter, down from their prior forecast of $1.49. Zacks Research 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.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $459.72 million for the quarter, compared to the consensus estimate of $460.32 million. Cirrus Logic had a net margin of 21.00% and a return on equity of 20.61%. Cirrus Logic’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.51 EPS.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Jefferies Financial Group raised Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. KeyCorp cut their target price on Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Stifel Nicolaus reduced their target price on Cirrus Logic from $197.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Barclays decreased their price target on Cirrus Logic from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cirrus Logic presently has an average rating of “Hold” and an average price target of $150.71.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $110.34 on Thursday. The firm’s 50 day moving average price is $136.07 and its 200-day moving average price is $148.01. Cirrus Logic has a 52-week low of $109.88 and a 52-week high of $180.42. The company has a market cap of $5.53 billion, a PE ratio of 13.51 and a beta of 1.18.

Hedge Funds Weigh In On Cirrus Logic

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

Insider Transactions at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 1,166 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $117.89, for a total value of $137,459.74. Following the sale, the executive vice president owned 14,073 shares in the company, valued at approximately $1,659,065.97. This trade represents a 7.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $180.04, for a total transaction of $234,052.00. Following the completion of the sale, the executive vice president owned 31,048 shares in the company, valued at $5,589,881.92. This represents a 4.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,631 shares of company stock worth $2,536,629 over the last three months. 1.20% of the stock is currently owned by company insiders.

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.