Cirrus Logic (NASDAQ:CRUS) Stock Rating Upgraded by Wall Street Zen

Cirrus Logic (NASDAQ:CRUS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Stifel Nicolaus raised their price objective on Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.00.

Cirrus Logic Stock Performance

CRUS opened at $126.15 on Friday. The stock has a fifty day moving average of $118.77 and a 200-day moving average of $106.34. The company has a market capitalization of $6.48 billion, a P/E ratio of 19.74 and a beta of 1.09. Cirrus Logic has a fifty-two week low of $75.83 and a fifty-two week high of $129.56.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same period last year, the firm earned $1.12 earnings per share. Cirrus Logic’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities research analysts predict that Cirrus Logic will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the transaction, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Scott Thomas sold 11,089 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the transaction, the executive vice president directly owned 26,307 shares of the company’s stock, valued at $3,196,037.43. This trade represents a 29.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cirrus Logic

A number of hedge funds have recently made changes to their positions in CRUS. Norges Bank acquired a new position in Cirrus Logic in the 2nd quarter worth about $68,744,000. AQR Capital Management LLC boosted its stake 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 valued at $103,456,000 after purchasing an additional 604,337 shares in the last quarter. Ameriprise Financial Inc. grew its holdings 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 purchasing an additional 553,169 shares during the last quarter. Nuveen LLC bought a new stake in shares of Cirrus Logic during the first quarter worth about $49,364,000. Finally, DNB Asset Management AS increased its stake in shares of Cirrus Logic by 124.1% in the second quarter. DNB Asset Management AS now owns 504,474 shares of the semiconductor company’s stock valued at $52,594,000 after buying 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.