Stifel Nicolaus Forecasts Strong Price Appreciation for Cirrus Logic (NASDAQ:CRUS) Stock

Key Points

• Stifel Nicolaus has raised Cirrus Logic's price target from $120 to $130, suggesting an 11.66% potential upside from its current price.
• Cirrus Logic reported $1.51 earnings per share for the last quarter, exceeding expectations and reflecting an 8.9% revenue increase year-over-year.
• Institutional investors own 87.96% of Cirrus Logic's stock, with significant stake increases from firms like Norges Bank and AQR Capital Management.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) had its price objective increased by Stifel Nicolaus from $120.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target indicates a potential upside of 11.66% from the company's current price.

Separately, Wall Street Zen cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $123.00.

Cirrus Logic Stock Up 1.1%

Shares of Cirrus Logic stock traded up $1.25 on Friday, hitting $116.43. 44,005 shares of the company were exchanged, compared to its average volume of 626,812. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 18.22 and a beta of 1.02. The company has a 50-day moving average price of $108.53 and a 200 day moving average price of $102.40. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $135.47.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.44. The business had revenue of $407.27 million for 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%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. Research analysts forecast that Cirrus Logic will post 5.63 EPS for the current year.

Insider Buying and Selling

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was 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 $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRUS. Norges Bank acquired a new position in Cirrus Logic during the second quarter worth $68,744,000. AQR Capital Management LLC increased its position in shares of Cirrus Logic by 131.5% during the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock worth $103,456,000 after acquiring an additional 604,337 shares during the period. Ameriprise Financial Inc. increased its position in shares of Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after acquiring an additional 553,169 shares during the period. Nuveen LLC purchased a new stake in shares of Cirrus Logic during the first quarter worth $49,364,000. Finally, DNB Asset Management AS increased its position in shares of Cirrus Logic by 124.1% during the second quarter. DNB Asset Management AS now owns 504,474 shares of the semiconductor company's stock worth $52,594,000 after acquiring an additional 279,398 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.