Cirrus Logic, Inc. (NASDAQ:CRUS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Cirrus Logic, Inc. (NASDAQ:CRUS) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $121.00.

Several analysts recently issued reports on the stock. Barclays boosted their target price on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. Wall Street Zen lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Cirrus Logic in a research report on Wednesday, May 7th.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares of the company’s stock, valued at approximately $1,400,100. This represents a 41.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Carl Jackson Alberty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president directly owned 41,645 shares of the company’s stock, valued at $4,164,500. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company’s stock.

Institutional Investors Weigh In On Cirrus Logic

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Cirrus Logic by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock worth $639,849,000 after acquiring an additional 24,614 shares in the last quarter. LSV Asset Management increased its holdings in Cirrus Logic by 6.4% in the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock worth $239,400,000 after acquiring an additional 145,524 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Cirrus Logic by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company’s stock worth $182,748,000 after acquiring an additional 196,483 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Cirrus Logic in the 4th quarter worth approximately $170,796,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Cirrus Logic by 0.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after purchasing an additional 4,403 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS opened at $112.82 on Friday. Cirrus Logic has a fifty-two week low of $75.83 and a fifty-two week high of $147.46. The business has a 50-day simple moving average of $105.46 and a two-hundred day simple moving average of $101.47. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 17.66 and a beta of 0.92.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS 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 analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts predict that Cirrus Logic will post 5.63 earnings per share for the current year.

Cirrus Logic announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.