Cirrus Logic (NASDAQ:CRUS) Price Target Raised to $140.00 at Stifel Nicolaus

Key Points

• Cirrus Logic had its price target raised from $130.00 to $140.00 by Stifel Nicolaus, suggesting a potential upside of 13.65% from its current price.
• The firm reported a significant earnings beat with an EPS of $1.51, exceeding the consensus estimate of $1.07, and showing an 8.9% increase in revenue year-over-year.
• Several analysts have revised their ratings, with four maintaining a "Buy" and two a "Hold," leading to an average rating of "Moderate Buy" for the stock.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) had its price target upped by Stifel Nicolaus from $130.00 to $140.00 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target points to a potential upside of 13.65% from the company's current price.

Several other brokerages have also weighed in on CRUS. Weiss Ratings reiterated a "hold (c)" rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.00.

Cirrus Logic Price Performance

CRUS stock traded down $0.05 during mid-day trading on Friday, reaching $123.18. 68,187 shares of the company's stock were exchanged, compared to its average volume of 614,621. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 19.19 and a beta of 1.09. The stock's 50 day moving average is $118.32 and its 200 day moving average is $105.99. Cirrus Logic has a 12-month low of $75.83 and a 12-month high of $129.56.

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, beating analysts' consensus estimates of $1.07 by $0.44. The business had revenue of $407.27 million during the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts forecast that Cirrus Logic will post 5.63 earnings per share for the current fiscal year.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,453 shares of company stock worth $3,821,790. Insiders own 1.16% of the company's stock.

Institutional Trading of Cirrus Logic

Several hedge funds and other institutional investors have recently made changes to their positions in CRUS. Burney Co. grew its holdings in Cirrus Logic by 41.7% in the third quarter. Burney Co. now owns 130,042 shares of the semiconductor company's stock valued at $16,293,000 after purchasing an additional 38,267 shares during the last quarter. KRS Capital Management LLC purchased a new stake in shares of Cirrus Logic in the third quarter valued at $227,000. Blue Trust Inc. boosted its stake in shares of Cirrus Logic by 8.7% during the 3rd quarter. Blue Trust Inc. now owns 8,342 shares of the semiconductor company's stock worth $1,045,000 after purchasing an additional 669 shares during the last quarter. CWM LLC grew its stake in Cirrus Logic by 46.5% in the 3rd quarter. CWM LLC now owns 17,034 shares of the semiconductor company's stock worth $2,134,000 after acquiring an additional 5,408 shares during the period. Finally, Inspire Investing LLC grew its stake in Cirrus Logic by 186.9% in the 3rd quarter. Inspire Investing LLC now owns 13,241 shares of the semiconductor company's stock worth $1,659,000 after acquiring an additional 8,625 shares during the period. 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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