Cirrus Logic (NASDAQ:CRUS) Price Target Raised to $155.00

Key Points

• Susquehanna raised Cirrus Logic's price target from $140.00 to $155.00, indicating a potential 19.17% upside from the current price.
• Cirrus Logic recently reported EPS of $1.51 for the quarter, surpassing expectations by $0.44, along with a revenue of $407.27 million, which exceeded analysts' forecasts.
• Insider trading activity included EVP Jeffrey W. Baumgartner selling 9,162 shares, representing a 39.55% decrease in their ownership, while other executives also sold significant shares.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) had its price objective increased by Susquehanna from $140.00 to $155.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor company's stock. Susquehanna's price target would indicate a potential upside of 19.17% from the company's current price.

A number of other research analysts have also recently issued reports on CRUS. Stifel Nicolaus lifted their price objective on Cirrus Logic from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, October 17th. Wall Street Zen raised Cirrus Logic from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.00.

Cirrus Logic Trading Down 0.3%

CRUS stock traded down $0.43 during midday trading on Wednesday, hitting $130.06. The stock had a trading volume of 5,341 shares, compared to its average volume of 611,931. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 20.29 and a beta of 1.09. Cirrus Logic has a 52 week low of $75.83 and a 52 week high of $131.87. The stock has a 50-day simple moving average of $119.74 and a 200 day simple moving average of $106.84.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued 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 firm 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%.Cirrus Logic's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. 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 Activity

In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of Cirrus Logic stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the sale, the executive vice president owned 26,307 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is owned by corporate insiders.

Institutional Trading of Cirrus Logic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC acquired a new stake in Cirrus Logic in the third quarter worth about $220,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Cirrus Logic during the 3rd quarter worth about $579,000. SJS Investment Consulting Inc. grew its position in shares of Cirrus Logic by 2,406.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 401 shares of the semiconductor company's stock worth $50,000 after buying an additional 385 shares during the period. True Wealth Design LLC grew its position in shares of Cirrus Logic by 193.0% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the semiconductor company's stock worth $69,000 after buying an additional 361 shares during the period. Finally, Calamos Wealth Management LLC acquired a new position in shares of Cirrus Logic during the 3rd quarter worth about $340,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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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