Analysts Set Cirrus Logic, Inc. (NASDAQ:CRUS) Price Target at $123.00

Cirrus Logic, Inc. (NASDAQ:CRUS) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $123.00.

A number of brokerages recently commented on CRUS. Stifel Nicolaus upped their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research note on Saturday, September 27th. Finally, Wall Street Zen cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 11th.

Cirrus Logic Trading Down 3.2%

Shares of CRUS stock opened at $123.93 on Friday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 19.39 and a beta of 1.09. The firm’s 50 day moving average is $115.53 and its 200 day moving average is $105.03. Cirrus Logic has a 12 month low of $75.83 and a 12 month high of $129.56.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly 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. 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 period in the prior year, the company posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities analysts predict that Cirrus Logic will post 5.63 EPS for the current year.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president directly owned 26,307 shares in the company, valued at $3,196,037.43. This represents a 29.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of the 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 completion of the sale, the executive vice president owned 14,001 shares in the company, valued at $1,680,120. This represents a 39.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,453 shares of company stock worth $3,821,790 in the last three months. 1.16% of the stock is currently owned by corporate insiders.

Institutional Trading of Cirrus Logic

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in Cirrus Logic by 1,660.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Cirrus Logic during the 1st quarter valued at $30,000. RMG Wealth Management LLC purchased a new stake in shares of Cirrus Logic during the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cirrus Logic during the 2nd quarter valued at $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cirrus Logic during the 2nd quarter valued at $39,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

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.