Cirrus Logic (NASDAQ:CRUS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Cirrus Logic (NASDAQ:CRUS) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $130.00 to $140.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 10.98% from the company’s current price.

CRUS has been the subject of several other research reports. Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Cirrus Logic currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $126.15 on Friday. The firm has a market capitalization of $6.48 billion, a P/E ratio of 19.74 and a beta of 1.09. Cirrus Logic has a one year low of $75.83 and a one year high of $129.56. The company’s fifty day moving average is $118.77 and its two-hundred day moving average is $106.22.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping 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%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $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 earnings per share for the current fiscal year.

Insider Activity at Cirrus Logic

In related news, EVP Scott Thomas sold 11,089 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the transaction, the executive vice president owned 26,307 shares of the company’s stock, valued at approximately $3,196,037.43. The trade was a 29.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president directly owned 5,698 shares of the company’s stock, valued at $665,925.26. The trade was a 27.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC raised its stake in Cirrus Logic by 1.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 5,739 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Cirrus Logic by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock valued at $1,564,000 after acquiring an additional 100 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Cirrus Logic by 3.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,394 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 107 shares during the last quarter. Somerset Trust Co increased its stake in shares of Cirrus Logic by 3.5% during the 2nd quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 110 shares during the last quarter. Finally, May Hill Capital LLC increased its stake in shares of Cirrus Logic by 5.4% during the 1st quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

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.