Cirrus Logic (NASDAQ:CRUS) Price Target Raised to $150.00

Cirrus Logic (NASDAQ:CRUS) had its price target hoisted by Stifel Nicolaus from $140.00 to $150.00 in a report published on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Several other equities analysts have also commented on CRUS. Wall Street Zen raised Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Susquehanna raised their price objective 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, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Cirrus Logic Trading Up 0.0%

Cirrus Logic stock opened at $118.64 on Wednesday. The stock has a fifty day moving average price of $123.53 and a 200 day moving average price of $110.78. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $136.92. The firm has a market capitalization of $6.09 billion, a P/E ratio of 18.57 and a beta of 1.11.

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

Insider Activity at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of the sale, the executive vice president owned 14,001 shares of the company’s stock, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,187 shares of company stock worth $3,918,128 over the last quarter. 1.16% of the stock is currently owned by company insiders.

Institutional Trading of Cirrus Logic

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in Cirrus Logic by 1,660.0% in the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after buying an additional 249 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Cirrus Logic during the 1st quarter worth $30,000. RMG Wealth Management LLC bought a new stake in shares of Cirrus Logic during the 2nd quarter worth $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Cirrus Logic in the 2nd quarter worth $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cirrus Logic during the second quarter worth $39,000. 87.96% of the stock is currently owned by institutional investors.

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.