Cirrus Logic, Inc. (NASDAQ:CRUS) Receives $121.00 Consensus Target Price from Analysts

Key Points

• Cirrus Logic, Inc. has a consensus recommendation of "Moderate Buy" from five research firms, with an average price target of $121.00.
• The company reported $1.51 earnings per share, exceeding analysts' expectations of $1.07, along with a revenue of $407.27 million for the last quarter.
• Recent insider activity includes EVP Jeffrey W. Baumgartner selling 10,000 shares of the company at an average price of $111.78, marking a significant decrease in his stake.

Shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $123.00.

Several research analysts have issued reports on CRUS shares. Wall Street Zen downgraded Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Stifel Nicolaus upped their price objective on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday.

Cirrus Logic Price Performance

Shares of CRUS traded up $1.61 on Wednesday, hitting $116.79. The company's stock had a trading volume of 693,749 shares, compared to its average volume of 485,013. The company has a market capitalization of $5.99 billion, a PE ratio of 18.28 and a beta of 1.02. Cirrus Logic has a fifty-two week low of $75.83 and a fifty-two week high of $135.47. The company has a 50 day moving average price of $108.66 and a 200 day moving average price of $102.41.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced 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 business had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.Cirrus Logic's revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities analysts forecast that Cirrus Logic will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at $1,565,031.78. This represents a 41.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.16% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CRUS. Hantz Financial Services Inc. lifted its stake in shares of Cirrus Logic by 1,660.0% in the 2nd 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 period. Banque Cantonale Vaudoise acquired a new position in shares of Cirrus Logic in the 1st quarter valued at $30,000. RMG Wealth Management LLC acquired a new position in shares of Cirrus Logic in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Cirrus Logic in the 2nd quarter valued at $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cirrus Logic in the 2nd quarter valued at $39,000. 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.