Cirrus Logic (NASDAQ:CRUS) Sets New 52-Week Low – Here’s What Happened

Posted by Brenda Bartman on Aug 29th, 2026

Shares of Cirrus Logic, Inc. (NASDAQ:CRUS – Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $109.23 and last traded at $109.2050, with a volume of 29184 shares changing hands. The stock had previously closed at $110.34.

Cirrus Logic News Summary

Here are the key news stories impacting Cirrus Logic this week:

Positive Sentiment: Zacks modestly raised its FY2029 EPS forecast to $8.73 from $8.58, suggesting some longer-term earnings potential despite the broader downgrade cycle. Cirrus Logic analyst estimates
Neutral Sentiment: The revised FY2027 EPS estimate of $7.47 matches the current consensus forecast, while the company’s most recent quarterly results showed EPS slightly above expectations and revenue growth of 12.9% year over year. However, those results are not the focus of the latest analyst revisions. Cirrus Logic earnings and estimates
Negative Sentiment: Zacks cut EPS forecasts across multiple periods, including FY2027 to $7.47 from $8.08, FY2028 to $7.75 from $8.53, Q2 2027 to $2.15 from $2.42, Q3 2027 to $2.48 from $2.76, Q1 2028 to $1.40 from $1.50, Q2 2028 to $2.21 from $2.42, Q3 2028 to $2.71 from $3.04, Q4 2028 to $1.42 from $1.56, and Q1 2029 to $1.52 from $1.54. The breadth of the reductions signals weaker expected earnings momentum and is likely the primary reason CRUS shares are decreasing. Zacks Research estimates for Cirrus Logic

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRUS. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Stifel Nicolaus decreased their price objective on shares of Cirrus Logic from $197.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. KeyCorp lowered their target price on shares of Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Jefferies Financial Group upgraded shares of Cirrus Logic to a “buy” rating in a report on Thursday, June 4th. Finally, Zacks Research cut shares of Cirrus Logic from a “hold” rating to a “strong sell” rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cirrus Logic presently has an average rating of “Hold” and an average target price of $150.71.

Read Our Latest Research Report on Cirrus Logic

Cirrus Logic Trading Down 2.2%

The business has a 50-day moving average of $133.85 and a 200 day moving average of $147.51. The firm has a market capitalization of $5.44 billion, a P/E ratio of 13.28 and a beta of 1.18.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Cirrus Logic had a net margin of 21.00% and a return on equity of 20.61%. The firm had revenue of $459.72 million for the quarter, compared to analyst estimates of $460.32 million. During the same period last year, the firm earned $1.51 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, research analysts forecast that Cirrus Logic, Inc. will post 7.32 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Andrew Brannan sold 6,464 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $144.71, for a total value of $935,405.44. Following the transaction, the executive vice president owned 7,203 shares in the company, valued at $1,042,346.13. This trade represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeffrey W. Baumgartner sold 3,907 shares of Cirrus Logic stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $168.54, for a total value of $658,485.78. Following the transaction, the executive vice president directly owned 17,575 shares in the company, valued at approximately $2,962,090.50. The trade was a 18.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 16,631 shares of company stock worth $2,536,629. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Cirrus Logic

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Cirrus Logic by 14,777.9% in the 2nd quarter. California State Teachers Retirement System now owns 8,769,954 shares of the semiconductor company’s stock worth $1,302,601,000 after acquiring an additional 8,711,008 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Cirrus Logic in the second quarter valued at about $840,638,000. Bank of America Corp DE bought a new position in shares of Cirrus Logic during the second quarter valued at about $168,329,000. Norges Bank bought a new position in shares of Cirrus Logic during the fourth quarter valued at about $69,674,000. Finally, Caisse de depot et placement du Quebec purchased a new position in Cirrus Logic during the second quarter worth about $61,500,000. 87.96% of the stock is currently owned by institutional investors.

About Cirrus Logic

(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.