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

Cirrus Logic (NASDAQ:CRUS) had its target price upped by equities research analysts at Stifel Nicolaus from $150.00 to $163.00 in a report issued on Wednesday, MarketBeat.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.35% from the company’s previous close.

CRUS has been the topic of several other research reports. Benchmark boosted their target price on Cirrus Logic from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. KeyCorp lifted their price target on Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Zacks Research upgraded Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Williams Trading set a $150.00 target price on Cirrus Logic in a report on Wednesday, November 5th. Finally, Susquehanna upped their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.43.

Cirrus Logic Price Performance

NASDAQ:CRUS opened at $140.10 on Wednesday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 18.46 and a beta of 1.12. The firm’s fifty day moving average price is $123.94 and its 200 day moving average price is $119.89. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $144.24.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, February 3rd. 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 20.41%. The company had revenue of $580.62 million during the quarter, compared to analysts’ expectations of $531.43 million. During the same quarter last year, the business earned $2.51 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, analysts expect that Cirrus Logic will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Andrew Brannan sold 8,913 shares of Cirrus Logic stock in a transaction on Friday, November 14th. The stock was 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 owned 5,950 shares of the company’s stock, valued at $708,407. The trade was a 59.97% decrease in their position. The transaction was disclosed in a filing 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

Several hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its position in shares of Cirrus Logic by 1,660.0% in the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 249 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cirrus Logic during the 4th quarter worth approximately $33,000. RMG Wealth Management LLC purchased a new stake in Cirrus Logic in the 2nd quarter valued at approximately $30,000. Torren Management LLC acquired a new stake in Cirrus Logic during the 4th quarter valued at $35,000. Finally, Ameritas Advisory Services LLC purchased a new position in Cirrus Logic during the second quarter worth $31,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Cirrus Logic

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

• Positive Sentiment: Q3 beat and record revenue — Cirrus reported stronger-than-expected Q3 results and highlighted smartphone-driven demand and a favorable product mix, which underpins the rally. Earnings Call Highlights
• Positive Sentiment: Very strong guidance — Management’s outlook for the next quarter exceeded street expectations and triggered an immediate surge in the stock. Guidance Story
• Positive Sentiment: Analysts lifting targets — Multiple firms raised their forecasts and price targets (examples: Stifel, Benchmark), citing the beat and outlook, which supports further upside. Analyst Coverage
• Positive Sentiment: Visible demand linkage to Apple — Coverage and video commentary highlight Cirrus’s ties to Apple hardware cycles, which can amplify upside when iPhone content per device and volumes rise. AAPL Tie Analysis
• Neutral Sentiment: Earnings materials available — Full earnings presentation and call transcript provide detail for investors to vet mix, margin and backlog assumptions. Presentation & Transcript
• Neutral Sentiment: Conflicting analyst views — Coverage notes mixed sentiment across the analyst community despite the beat, suggesting differing views on sustainability and sharecentration. Analyst Sentiment Roundup
• Negative Sentiment: Downgrade risk — Loop Capital moved to a Hold, signaling that some firms think upside may be limited from current levels. Loop Capital Downgrade
• Negative Sentiment: Durability concerns raised — A critical analysis argues the headline earnings miss underlying issues (concentration to a few customers and sustainability of mix gains), which could cap multiple expansion if validated. Critical Analysis

About Cirrus Logic

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.