Cirrus Logic (NASDAQ:CRUS) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Cirrus Logic received a "hold (c)" rating from Weiss Ratings, while multiple analysts have recently raised their price targets, indicating a generally positive outlook.
• The company's stock price is currently at $130.60, near its one-year high of $132.90, with a market cap of $6.70 billion.
• Cirrus Logic reported a significant earnings beat with an EPS of $1.51 for the last quarter, surpassing estimates and showing an 8.9% year-over-year revenue increase.

Cirrus Logic (NASDAQ:CRUS - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

CRUS has been the subject of several other reports. Stifel Nicolaus boosted their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, October 17th. 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 report on Wednesday. Finally, Wall Street Zen raised shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Cirrus Logic currently has a consensus rating of "Moderate Buy" and an average price target of $128.00.

Cirrus Logic Stock Performance

Cirrus Logic stock traded down $0.87 during trading hours on Friday, hitting $130.60. The company had a trading volume of 282,760 shares, compared to its average volume of 436,098. The firm has a market cap of $6.70 billion, a P/E ratio of 20.44 and a beta of 1.09. Cirrus Logic has a 1 year low of $75.83 and a 1 year high of $132.90. The company has a 50-day moving average price of $120.88 and a two-hundred day moving average price of $107.70.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. The company had revenue of $407.27 million during the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that Cirrus Logic will post 5.63 EPS for the current year.

Insider Transactions at Cirrus Logic

In other news, EVP Denise Grode sold 2,202 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the sale, the executive vice president owned 5,698 shares of the company's stock, valued at approximately $665,925.26. This represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Thomas sold 734 shares of the company's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $131.25, for a total transaction of $96,337.50. Following the completion of the sale, the executive vice president directly owned 26,307 shares of the company's stock, valued at $3,452,793.75. The trade was a 2.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,187 shares of company stock valued at $3,918,128. Company insiders own 1.16% of the company's stock.

Institutional Investors Weigh In On Cirrus Logic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bayforest Capital Ltd lifted its position in Cirrus Logic by 178.7% during the third quarter. Bayforest Capital Ltd now owns 9,556 shares of the semiconductor company's stock valued at $1,197,000 after acquiring an additional 6,127 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Cirrus Logic by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 57,127 shares of the semiconductor company's stock valued at $7,156,000 after acquiring an additional 1,525 shares during the last quarter. Cardinal Capital Management lifted its position in Cirrus Logic by 1.1% during the third quarter. Cardinal Capital Management now owns 23,660 shares of the semiconductor company's stock valued at $2,964,000 after acquiring an additional 258 shares during the last quarter. Foster & Motley Inc. lifted its position in Cirrus Logic by 218.4% during the third quarter. Foster & Motley Inc. now owns 8,942 shares of the semiconductor company's stock valued at $1,120,000 after acquiring an additional 6,134 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Cirrus Logic during the third quarter valued at approximately $276,000. Hedge funds and other institutional investors 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.

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