Cirrus Logic, Inc. (NASDAQ:CRUS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cirrus Logic, Inc. (NASDAQ:CRUS) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $123.00.

Several equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wall Street Zen lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a report on Saturday, September 27th.

Cirrus Logic Trading Up 0.4%

Shares of NASDAQ CRUS opened at $127.16 on Friday. Cirrus Logic has a 12-month low of $75.83 and a 12-month high of $129.07. The stock has a market cap of $6.53 billion, a PE ratio of 19.90 and a beta of 1.09. The company has a 50-day moving average of $114.68 and a 200 day moving average of $104.67.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. The company had revenue of $407.27 million for 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%. Cirrus Logic’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts forecast that Cirrus Logic will post 5.63 EPS for the current fiscal year.

Insider Transactions at Cirrus Logic

In other news, EVP Denise Grode sold 2,202 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $116.87, for a total value of $257,347.74. Following the transaction, the executive vice president directly owned 5,698 shares in the company, valued at approximately $665,925.26. This represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the transaction, the executive vice president owned 14,001 shares in the company, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cirrus Logic

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Cirrus Logic by 0.4% in the 1st 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 Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock worth $239,400,000 after buying an additional 145,524 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Cirrus Logic by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after buying an additional 4,403 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 553,169 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in 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 worth $103,456,000 after buying an additional 604,337 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.