Cirrus Logic (NASDAQ:CRUS) Reaches New 12-Month High - Should You Buy?

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) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $127.77 and last traded at $127.09, with a volume of 210017 shares traded. The stock had previously closed at $120.12.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRUS shares. Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Stifel Nicolaus increased their target price on shares of Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Four equities 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.com, Cirrus Logic presently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Cirrus Logic Trading Up 5.5%

The firm has a market capitalization of $6.51 billion, a P/E ratio of 19.82 and a beta of 1.02. The company's fifty day simple moving average is $110.02 and its 200 day simple moving average is $102.97.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly 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. The company had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. Cirrus Logic's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 directly owned 26,307 shares in the company, valued at $3,196,037.43. The trade was a 29.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic 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 transaction, the executive vice president owned 5,698 shares in the company, valued at $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock worth $3,821,790 over the last three months. 1.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its stake in shares of 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 position in shares of Cirrus Logic during the 1st quarter worth approximately $30,000. RMG Wealth Management LLC acquired a new position in shares of Cirrus Logic during the 2nd quarter worth approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cirrus Logic during the second quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cirrus Logic during the second quarter worth approximately $39,000. 87.96% of the stock is 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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