Cirrus Logic (NASDAQ:CRUS) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Cirrus Logic's stock has been reaffirmed with a "hold (C)" rating by Weiss Ratings, while Stifel Nicolaus raised its price target to $130.00 and maintained a "buy" rating.
• The company's stock traded at $126.70 after a 2.2% increase, with a 52-week price range of $75.83 to $129.56, and the stock boasts a market capitalization of $6.50 billion.
• Cirrus Logic reported earnings of $1.51 per share for the last quarter, exceeding estimates by $0.44, along with a revenue of $407.27 million, marking an 8.9% increase year-over-year.

Cirrus Logic (NASDAQ:CRUS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

CRUS has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen downgraded shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

Cirrus Logic Stock Up 2.2%

CRUS stock traded up $2.77 during trading on Wednesday, hitting $126.70. 365,956 shares of the company's stock traded hands, compared to its average volume of 574,709. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $129.56. The stock has a fifty day moving average price of $115.99 and a two-hundred day moving average price of $105.18. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 19.83 and a beta of 1.09.

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

Insider Buying and Selling

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of the company's stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Thomas sold 11,089 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the completion of the sale, the executive vice president directly owned 26,307 shares of the company's stock, valued at $3,196,037.43. The trade was a 29.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,453 shares of company stock valued at $3,821,790 over the last 90 days. 1.16% of the stock is currently owned by company insiders.

Institutional Trading of Cirrus Logic

Several institutional investors and hedge funds have recently bought and sold shares of CRUS. Hantz Financial Services Inc. raised its holdings in Cirrus Logic by 1,660.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company's stock worth $28,000 after buying an additional 249 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic during the 1st quarter worth about $30,000. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the 2nd quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in Cirrus Logic during the 2nd quarter worth about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cirrus Logic in the 2nd quarter valued at about $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.

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