Cirrus Logic, Inc. (NASDAQ:CRUS) Receives Average Recommendation of “Moderate Buy” from Analysts

Cirrus Logic, Inc. (NASDAQ:CRUS) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $140.00.

CRUS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Williams Trading set a $150.00 target price on Cirrus Logic in a report on Wednesday. Barclays lifted their target price on Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Susquehanna lifted their target price on Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd.

Cirrus Logic Stock Down 7.9%

CRUS stock opened at $119.42 on Thursday. The business’s fifty day moving average is $123.37 and its 200-day moving average is $110.49. The company has a market cap of $6.13 billion, a P/E ratio of 18.69 and a beta of 1.09. Cirrus Logic has a twelve month low of $75.83 and a twelve month high of $136.92.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $2.83 EPS 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 the consensus estimate 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 was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 EPS. Cirrus Logic has set its Q3 2026 guidance at EPS. Research analysts anticipate that Cirrus Logic will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 734 shares of Cirrus Logic stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $131.25, for a total value of $96,337.50. Following the sale, the executive vice president owned 26,307 shares of the company’s stock, valued at $3,452,793.75. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the sale, the executive vice president directly owned 5,698 shares in the company, valued at $665,925.26. This represents a 27.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,187 shares of company stock valued at $3,918,128 in the last 90 days. 1.16% of the stock is currently owned by company insiders.

Institutional Trading of Cirrus Logic

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Cirrus Logic by 7.7% in the 3rd quarter. Alps Advisors Inc. now owns 3,903 shares of the semiconductor company’s stock valued at $489,000 after purchasing an additional 278 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Cirrus Logic by 142.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 640 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 376 shares during the period. Penserra Capital Management LLC raised its stake in shares of Cirrus Logic by 43.4% in the 3rd quarter. Penserra Capital Management LLC now owns 270,056 shares of the semiconductor company’s stock valued at $33,835,000 after purchasing an additional 81,696 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Cirrus Logic by 101.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 770 shares of the semiconductor company’s stock valued at $97,000 after purchasing an additional 388 shares during the period. Finally, State of Wyoming raised its stake in shares of Cirrus Logic by 966.7% in the 3rd quarter. State of Wyoming now owns 6,528 shares of the semiconductor company’s stock valued at $818,000 after purchasing an additional 5,916 shares during the period. Institutional investors and hedge funds 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.