Cirrus Logic, Inc. (NASDAQ:CRUS) Receives $141.67 Consensus Price Target from Brokerages

Cirrus Logic, Inc. (NASDAQ:CRUS) has received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $141.6667.

A number of research analysts have recently issued reports on CRUS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a report on Tuesday. Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a research report on Wednesday, November 5th. KeyCorp boosted their price target on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Susquehanna increased their target price on Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research upgraded Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th.

Insiders Place Their Bets

In other news, EVP Scott Thomas sold 734 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the transaction, the executive vice president owned 26,307 shares in the company, valued at $3,452,793.75. This trade represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Brannan sold 8,913 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the completion of the sale, the executive vice president owned 5,950 shares of the company’s stock, valued at $708,407. This trade represents a 59.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 42,100 shares of company stock worth $4,979,310 in the last ninety days. 1.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Cirrus Logic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Cirrus Logic by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,622,431 shares of the semiconductor company’s stock valued at $829,724,000 after acquiring an additional 268,560 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. grew 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 valued at $158,518,000 after purchasing an additional 4,403 shares during the last quarter. Earnest Partners LLC grew its position in shares of Cirrus Logic by 0.8% in the third quarter. Earnest Partners LLC now owns 1,348,710 shares of the semiconductor company’s stock valued at $168,980,000 after purchasing an additional 10,750 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 worth $111,380,000 after purchasing an additional 553,169 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS opened at $119.77 on Monday. Cirrus Logic has a one year low of $75.83 and a one year high of $136.92. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 18.74 and a beta of 1.11. The company has a 50-day simple moving average of $124.10 and a 200-day simple moving average of $112.97.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.51. The firm 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 EPS. Cirrus Logic has set its Q3 2026 guidance at EPS. As a group, research analysts forecast that Cirrus Logic will post 5.63 EPS for the current fiscal year.

About Cirrus Logic

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.