Cirrus Logic (NASDAQ:CRUS) Shares Down 9% – Time to Sell?

Cirrus Logic, Inc. (NASDAQ:CRUS) was down 9% during trading on Wednesday . The company traded as low as $121.00 and last traded at $117.9820. Approximately 295,152 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 609,827 shares. The stock had previously closed at $129.63.

Analyst Ratings Changes

A number of research analysts have recently commented on CRUS shares. Stifel Nicolaus increased their target price on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp boosted their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. Williams Trading set a $150.00 target price on shares of Cirrus Logic in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

Cirrus Logic Stock Performance

The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 18.29 and a beta of 1.09. The business’s 50 day moving average is $123.33 and its 200-day moving average is $110.43.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.51. The business had revenue of $560.96 million for the quarter, compared to analysts’ expectations of $540.45 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 EPS. Cirrus Logic has set its Q3 2026 guidance at EPS. Sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the completion of the sale, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,196,037.43. This trade represents a 29.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the transaction, the executive vice president directly owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 33,187 shares of company stock valued at $3,918,128. 1.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cirrus Logic

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Cirrus Logic by 0.4% during the first quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock worth $639,849,000 after acquiring an additional 24,614 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Cirrus Logic by 6.4% in the first quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock valued at $239,400,000 after purchasing an additional 145,524 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Cirrus Logic by 0.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after purchasing an additional 4,403 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after acquiring an additional 553,169 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Cirrus Logic by 131.5% during the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock valued at $103,456,000 after buying an additional 604,337 shares during the last quarter. Institutional investors own 87.96% 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.