Cirrus Logic (NASDAQ:CRUS) Hits New 52-Week High After Analyst Upgrade

Cirrus Logic, Inc. (NASDAQ:CRUS) reached a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $129.64 and last traded at $129.51, with a volume of 77810 shares. The stock had previously closed at $126.15.

Several other analysts have also recently issued reports on CRUS. Stifel Nicolaus increased their target price on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cirrus Logic currently has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the sale, the executive vice president owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the sale, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cirrus Logic

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock valued at $639,849,000 after purchasing an additional 24,614 shares during the last quarter. LSV Asset Management grew its holdings in shares of Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock valued at $239,400,000 after purchasing an additional 145,524 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of 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 valued at $158,518,000 after purchasing an additional 4,403 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after purchasing an additional 553,169 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of 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 valued at $103,456,000 after purchasing an additional 604,337 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Cirrus Logic Trading Up 4.0%

The company’s fifty day moving average is $119.30 and its 200 day moving average is $106.68. The company has a market cap of $6.74 billion, a P/E ratio of 20.54 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. The business 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 company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. Analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

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.