Cirrus Logic, Inc. (NASDAQ:CRUS) Expected to Earn FY2026 Earnings of $5.11 Per Share

Cirrus Logic, Inc. (NASDAQ:CRUS) – Equities researchers at Zacks Research raised their FY2026 earnings estimates for shares of Cirrus Logic in a note issued to investors on Tuesday, July 16th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings of $5.11 per share for the year, up from their prior estimate of $5.10. The consensus estimate for Cirrus Logic’s current full-year earnings is $4.75 per share.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.36 by $0.48. The business had revenue of $371.83 million for the quarter, compared to the consensus estimate of $320.14 million. Cirrus Logic had a net margin of 15.35% and a return on equity of 16.49%.

CRUS has been the topic of several other reports. Benchmark cut shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. StockNews.com upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Susquehanna upped their price objective on shares of Cirrus Logic from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday. Barclays upped their target price on Cirrus Logic from $95.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. Finally, TD Cowen upped their target price on Cirrus Logic from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $128.57.

Cirrus Logic Stock Up 0.0 %

Shares of CRUS opened at $138.81 on Wednesday. The business’s 50-day moving average price is $122.73 and its 200-day moving average price is $99.59. Cirrus Logic has a twelve month low of $65.02 and a twelve month high of $142.83. The stock has a market cap of $7.42 billion, a PE ratio of 28.16 and a beta of 0.94.

Institutional Trading of Cirrus Logic

Several hedge funds and other institutional investors have recently bought and sold shares of CRUS. Heron Bay Capital Management grew its position in shares of Cirrus Logic by 1.6% during the 1st quarter. Heron Bay Capital Management now owns 10,672 shares of the semiconductor company’s stock worth $988,000 after buying an additional 169 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Cirrus Logic by 93.7% during the 4th quarter. Venturi Wealth Management LLC now owns 368 shares of the semiconductor company’s stock worth $31,000 after buying an additional 178 shares in the last quarter. Cardinal Capital Management grew its position in shares of Cirrus Logic by 1.2% during the 4th quarter. Cardinal Capital Management now owns 16,576 shares of the semiconductor company’s stock worth $1,379,000 after buying an additional 189 shares in the last quarter. Atlas Capital Advisors LLC grew its position in shares of Cirrus Logic by 103.0% during the 1st quarter. Atlas Capital Advisors LLC now owns 402 shares of the semiconductor company’s stock worth $37,000 after buying an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Cirrus Logic by 79.5% during the 2nd quarter. GAMMA Investing LLC now owns 474 shares of the semiconductor company’s stock worth $61,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Activity

In related news, VP Carl Jackson Alberty sold 2,000 shares of Cirrus Logic stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the vice president now owns 38,507 shares of the company’s stock, valued at approximately $4,364,768.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Scott Thomas sold 11,706 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $120.72, for a total transaction of $1,413,148.32. Following the sale, the senior vice president now directly owns 23,975 shares of the company’s stock, valued at approximately $2,894,262. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carl Jackson Alberty sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the vice president now directly owns 38,507 shares in the company, valued at $4,364,768.45. The disclosure for this sale can be found here. Insiders have sold a total of 18,706 shares of company stock valued at $2,187,098 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Cirrus Logic Company Profile

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.