Cirrus Logic (NASDAQ:CRUS) Sets New 1-Year High After Analyst Upgrade

Key Points

• Cirrus Logic's stock reached a new 52-week high of $129.64 following an upgrade from Wall Street Zen, shifting from a buy to a strong-buy rating.
• Analysts have a consensus rating of "Moderate Buy" for Cirrus Logic, with four recommending a Buy and two a Hold, while the average target price was noted at $125.00.
• Insider trading activity shows significant sales, with executives selling a total of 32,453 shares worth approximately $3.82 million over the past three months.

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a buy rating to a strong-buy rating. The stock traded as high as $129.64 and last traded at $129.51, with a volume of 77810 shares. The stock had previously closed at $126.15.

Several other analysts have also weighed in on CRUS. Weiss Ratings restated a "hold (c)" rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Cirrus Logic from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.00.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of the firm's 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 transaction, the executive vice president directly owned 26,307 shares in the company, valued at $3,196,037.43. This trade represents a 29.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. 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 currently owned by insiders.

Institutional Trading of Cirrus Logic

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. grew its holdings in Cirrus Logic by 1,660.0% in the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 249 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic in the first quarter valued at approximately $30,000. RMG Wealth Management LLC acquired a new stake in Cirrus Logic in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in Cirrus Logic in the second quarter valued at approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cirrus Logic in the second quarter valued at approximately $39,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Price Performance

The firm has a fifty day simple moving average of $118.77 and a 200 day simple moving average of $106.34. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 20.22 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued 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 firm had revenue of $407.27 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Research analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

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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