Cirrus Logic (NASDAQ:CRUS) Reaches New 52-Week High - What's Next?

Key Points

• Cirrus Logic reached a new 52-week high of $127.77, indicating a significant rise in the stock's performance amidst a trading volume of 210,017 shares.
• Following the recent quarterly earnings report, the company surpassed analysts' expectations with an EPS of $1.51 and revenue of $407.27 million, leading to upgraded ratings from some analysts.
• Insider trading has been notable, with executives selling a total of $3.82 million worth of shares in recent months, reflecting potential shifts in confidence among company leadership.

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $127.77 and last traded at $127.09, with a volume of 210017 shares trading hands. The stock had previously closed at $120.12.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRUS shares. Stifel Nicolaus lifted their target price 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 lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cirrus Logic presently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Cirrus Logic Price Performance

The firm has a market cap of $6.51 billion, a PE ratio of 19.90 and a beta of 1.02. The stock's fifty day moving average price is $110.48 and its 200-day moving average price is $103.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The company'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. On average, sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Denise Grode sold 2,202 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the transaction, the executive vice president owned 5,698 shares of the company's stock, valued at approximately $665,925.26. The trade was a 27.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRUS. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cirrus Logic in the second quarter valued at about $39,000. Osaic Holdings Inc. lifted its position in Cirrus Logic by 137.3% in the second quarter. Osaic Holdings Inc. now owns 9,994 shares of the semiconductor company's stock valued at $1,039,000 after buying an additional 5,783 shares during the last quarter. Squarepoint Ops LLC lifted its position in Cirrus Logic by 1,042.9% in the second quarter. Squarepoint Ops LLC now owns 34,103 shares of the semiconductor company's stock valued at $3,555,000 after buying an additional 31,119 shares during the last quarter. Cim Investment Management Inc. lifted its position in Cirrus Logic by 100.8% in the second quarter. Cim Investment Management Inc. now owns 5,676 shares of the semiconductor company's stock valued at $578,000 after buying an additional 2,849 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in Cirrus Logic in the second quarter valued at about $2,025,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Company Profile

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.