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

Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $121.00.

Separately, Wall Street Zen cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th.

Cirrus Logic Stock Performance

CRUS opened at $116.42 on Wednesday. The company has a fifty day moving average price of $108.37 and a two-hundred day moving average price of $102.28. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $137.73. The firm has a market capitalization of $5.98 billion, a PE ratio of 18.22 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities analysts forecast that Cirrus Logic will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the transaction, the executive vice president directly owned 14,001 shares of the company’s stock, valued at $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cirrus Logic

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

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.