Cirrus Logic (NASDAQ:CRUS) Director Alexander Davern Sells 1,000 Shares

Posted by George Bondi on May 21st, 2026

Cirrus Logic, Inc. (NASDAQ:CRUS – Get Free Report) Director Alexander Davern sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $159.00, for a total value of $159,000.00. Following the completion of the transaction, the director directly owned 20,531 shares in the company, valued at $3,264,429. The trade was a 4.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cirrus Logic Price Performance

Shares of CRUS stock traded up $0.61 during trading on Thursday, reaching $166.62. The company had a trading volume of 459,618 shares, compared to its average volume of 653,055. The firm’s 50 day simple moving average is $154.88 and its two-hundred day simple moving average is $136.97. The company has a market capitalization of $8.50 billion, a PE ratio of 21.25 and a beta of 1.16. Cirrus Logic, Inc. has a one year low of $92.02 and a one year high of $179.00.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.76 by $0.19. The company had revenue of $448.52 million for the quarter, compared to the consensus estimate of $442.26 million. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 EPS. Analysts forecast that Cirrus Logic, Inc. will post 8.01 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on CRUS shares. Barclays lifted their price target on Cirrus Logic from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Zacks Research downgraded Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $197.00 price objective on Cirrus Logic in a report on Thursday, May 7th. KeyCorp boosted their price objective on Cirrus Logic from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.71.

Read Our Latest Stock Report on Cirrus Logic

Hedge Funds Weigh In On Cirrus Logic

A number of institutional investors and hedge funds have recently bought and sold shares of CRUS. Norges Bank acquired a new position in Cirrus Logic in the fourth quarter worth $69,674,000. Invesco Ltd. boosted its stake in Cirrus Logic by 133.6% in the fourth quarter. Invesco Ltd. now owns 642,501 shares of the semiconductor company’s stock worth $76,136,000 after purchasing an additional 367,488 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Cirrus Logic by 546.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 388,225 shares of the semiconductor company’s stock worth $46,005,000 after purchasing an additional 328,159 shares in the last quarter. Defiance ETFs LLC acquired a new position in Cirrus Logic in the fourth quarter worth $38,050,000. Finally, Allianz Asset Management GmbH boosted its stake in Cirrus Logic by 33.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,073,623 shares of the semiconductor company’s stock worth $127,224,000 after purchasing an additional 269,391 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Cirrus Logic Company Profile

(Get Free Report)

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.