Cirrus Logic (NASDAQ:CRUS) Sets New 1-Year High - Still a Buy?

Key Points

• Cirrus Logic reached a new 52-week high of $129.36, closing at $128.99 with a trading volume of 44,420 shares.
• Analysts have mixed ratings for Cirrus Logic, with four analysts giving it a Buy rating while two rated it as Hold, and a consensus price target of $123.00.
• Insider sales have occurred recently, including a significant sale by EVP Scott Thomas, who sold over 11,000 shares, indicating a potential decline in executive confidence.

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $129.36 and last traded at $128.99, with a volume of 44420 shares changing hands. The stock had previously closed at $127.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cirrus Logic in a research report on Saturday, September 27th. Wall Street Zen cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Finally, Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Four equities research 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, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.00.

Cirrus Logic Price Performance

The firm has a market cap of $6.57 billion, a PE ratio of 20.04 and a beta of 1.09. The business has a 50-day moving average price of $114.68 and a two-hundred day moving average price of $104.70.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. The firm had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Activity at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the sale, the executive vice president owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,453 shares of company stock valued at $3,821,790 over the last quarter. Insiders own 1.16% of the company's stock.

Hedge Funds Weigh In On Cirrus Logic

Several institutional investors have recently added to or reduced their stakes in CRUS. Hantz Financial Services Inc. lifted its position in Cirrus Logic by 1,660.0% during the second 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 stake in shares of Cirrus Logic in the first quarter worth approximately $30,000. RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic in the second quarter worth approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in Cirrus Logic in the second quarter valued at approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cirrus Logic during the second quarter worth approximately $39,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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