Cirrus Logic (NASDAQ:CRUS) Given New $130.00 Price Target at Stifel Nicolaus

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 - Free Report) had its price target hoisted by Stifel Nicolaus from $120.00 to $130.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company's stock.

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

Cirrus Logic Price Performance

NASDAQ CRUS traded up $1.95 during trading hours on Friday, reaching $120.69. The company's stock had a trading volume of 118,061 shares, compared to its average volume of 625,201. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 18.89 and a beta of 1.02. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $127.17. The company's 50-day moving average is $109.09 and its two-hundred day moving average is $102.61.

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

Insider Activity

In related news, 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 transaction of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cirrus Logic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its position 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 valued at $28,000 after acquiring an additional 249 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic during the 1st quarter valued at approximately $30,000. RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic during the 2nd quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cirrus Logic during the 2nd quarter valued at approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cirrus Logic during the 2nd quarter valued at 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.