Cirrus Logic (NASDAQ:CRUS) Sets New 1-Year High Following Better-Than-Expected Earnings

Cirrus Logic, Inc. (NASDAQ:CRUS)’s stock price hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $139.91 and last traded at $140.4030, with a volume of 214394 shares trading hands. The stock had previously closed at $124.58.

The semiconductor company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.37 by $0.60. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.74%. The business had revenue of $580.62 million during the quarter, compared to the consensus estimate of $531.43 million. During the same quarter in the previous year, the firm posted $2.51 EPS. Cirrus Logic’s revenue was up 4.5% compared to the same quarter last year.

Key Cirrus Logic News

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Q3 results: Cirrus reported $2.97 EPS vs. consensus ~$2.37 and revenue of $580.6M (above estimates), with management citing smartphone demand and a favorable device mix — the core reason shares rallied. Zacks: Q3 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Guidance upside: Management provided Q4 revenue guidance ($410M–$470M) that topped Street expectations (~$383.7M), which investors interpreted as durable demand into the next quarter. Seeking Alpha: Q4 Guidance Dwarfs Expectations
• Positive Sentiment: Analyst upgrades/price-target increases: Stifel raised its target to $163 (buy) and Benchmark to $160 after the quarter, providing momentum and signaling institutional confidence in forward outlook. The Fly / Benzinga: Price Targets Raised
• Neutral Sentiment: Investor and media coverage: Multiple transcripts, conference-call coverage and commentary (including a video highlighting ties to Apple) are amplifying the beat/guidance narrative but mostly reiterate the same drivers (smartphone exposure, device mix). These items support visibility rather than change fundamentals. YouTube: Overlooked Stock: CRUS Earnings Rally & Ties to AAPL
• Negative Sentiment: Mixed analyst view: Loop Capital recently downgraded CRUS to Hold, a cautionary note that some firms see limited near-term upside despite the beat — a potential headwind if guidance or demand signals weaken. American Banking News: Loop Capital Downgrades to Hold

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Benchmark upped their price objective on Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Stifel Nicolaus raised their price target on shares of Cirrus Logic from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday. Loop Capital cut shares of Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research note on Monday. Finally, Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.43.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, EVP Andrew Brannan sold 8,913 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the completion of the transaction, the executive vice president directly owned 5,950 shares in the company, valued at $708,407. The trade was a 59.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.16% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cirrus Logic

A number of institutional investors have recently modified their holdings of the business. Versor Investments LP bought a new stake in shares of Cirrus Logic during the 4th quarter worth $415,000. Bailard Inc. bought a new position in shares of Cirrus Logic in the fourth quarter worth about $320,000. Swiss Life Asset Management Ltd boosted its stake in shares of Cirrus Logic by 72.7% in the 4th quarter. Swiss Life Asset Management Ltd now owns 4,218 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 1,776 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Cirrus Logic by 21.8% during the 4th quarter. NewEdge Wealth LLC now owns 10,118 shares of the semiconductor company’s stock valued at $1,199,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Denali Advisors LLC grew its holdings in shares of Cirrus Logic by 61.4% during the 4th quarter. Denali Advisors LLC now owns 4,207 shares of the semiconductor company’s stock valued at $499,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Cirrus Logic Trading Up 8.3%

The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 17.77 and a beta of 1.12. The stock’s 50-day moving average is $123.54 and its 200-day moving average is $119.75.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.