Cirrus Logic (NASDAQ:CRUS) Hits New 1-Year High Following Analyst Upgrade

Key Points

• Shares hit a new 52-week high of $178.01 after Barclays raised its price target from $120 to $140 while keeping an equal weight rating.
• Analyst coverage is mixed — four Buy and four Hold ratings with an average price target of $161.71, though firms like KeyCorp and Benchmark raised targets to $200 and $160 respectively while others trimmed ratings.
• Fundamentals backed the move: Cirrus beat Q4 EPS and revenue estimates and guided Q1 FY2027 revenue to $430M–$490M versus a Street consensus near $412.7M, supporting investor optimism.

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report)'s share price hit a new 52-week high during trading on Thursday after Barclays raised their price target on the stock from $120.00 to $140.00. Barclays currently has an equal weight rating on the stock. Cirrus Logic traded as high as $178.01 and last traded at $177.4350, with a volume of 102273 shares. The stock had previously closed at $167.69.

Several other research firms have also commented on CRUS. Benchmark upped their price objective on Cirrus Logic from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Zacks Research lowered Cirrus Logic from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. KeyCorp upped their price objective on Cirrus Logic from $175.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday. Loop Capital lowered Cirrus Logic from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a research report on Monday, February 2nd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cirrus Logic in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Cirrus Logic has an average rating of "Moderate Buy" and an average price target of $161.71.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Justin E. Dougherty sold 3,000 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $143.16, for a total value of $429,480.00. Following the completion of the transaction, the executive vice president directly owned 5,876 shares of the company's stock, valued at approximately $841,208.16. This represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Thomas sold 9,942 shares of the stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $160.11, for a total value of $1,591,813.62. Following the completion of the transaction, the executive vice president directly owned 30,393 shares of the company's stock, valued at approximately $4,866,223.23. This represents a 24.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 16,181 shares of company stock valued at $2,480,033. 1.16% of the stock is owned by corporate insiders.

Cirrus Logic News Summary

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

• Positive Sentiment: Q4 results: Cirrus posted EPS and revenue beats (EPS ~ $1.95 vs. consensus $1.76; revenue $448.5M vs. ~$442M) with net margin and ROE staying healthy — the core driver of the upside in the stock. CRUS Tops Q4 Earnings and Revenue Estimates
• Positive Sentiment: Revenue drivers and diversification: Management highlighted smartphone demand, PC growth and expansion into new silicon categories as contributors to FY2026 revenue growth, supporting a more diversified end-market exposure. CRUS Q4 Earnings & Sales Top, Up Y/Y as Diversification Gains Momentum
• Positive Sentiment: Q1 revenue guide above Street: Cirrus gave Q1 FY2027 revenue guidance of $430M–$490M versus a consensus near $412.7M, signaling upside to near-term top-line expectations (EPS guide number not specified in the release). This guidance lift is supporting investor optimism. Press Release / Slide Deck
• Neutral Sentiment: Earnings materials available: The earnings transcript, slide deck and call recording are posted for deeper color on product cycles, supply and customer commentary — useful for confirming management’s tone but not new headline news. Cirrus Logic (CRUS) Q4 2026 Earnings Transcript
• Neutral Sentiment: Analyst write-ups and snapshots from outlets (Statesman, Seeking Alpha) summarize results and slides; they help investors dig into product/category trends but don’t add new surprises. Earnings Call Presentation
• Negative Sentiment: Barclays raised its price target to $140 but kept an "equal weight" rating — that PT implies material downside from the current share level and signals some analyst skepticism on further near-term upside despite the beat. Barclays Raises Price Target

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Cirrus Logic by 120.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Cirrus Logic by 7,333.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cirrus Logic in the 4th quarter worth $33,000. Torren Management LLC acquired a new stake in shares of Cirrus Logic in the 4th quarter worth $35,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Cirrus Logic in the 4th quarter worth $36,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Performance

The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 22.66 and a beta of 1.16. The business has a 50 day simple moving average of $149.53 and a 200-day simple moving average of $134.50.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.60. Cirrus Logic had a return on equity of 20.41% and a net margin of 20.47%.The business had revenue of $580.62 million during the quarter, compared to the consensus estimate of $531.43 million. During the same period last year, the company earned $2.51 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts predict that Cirrus Logic, Inc. will post 7.76 earnings per share for the current fiscal year.

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.

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