Cirrus Logic (NASDAQ:CRUS) Shares Up 4.5% – Still a Buy?

Posted by Stanley Muller on Sep 10th, 2026

Cirrus Logic, Inc. (NASDAQ:CRUS – Get Free Report) rose 4.5% during mid-day trading on Thursday . The stock traded as high as $115.89 and last traded at $115.72. 369,032 shares were traded during trading, a decline of 45% from the average daily volume of 675,177 shares. The stock had previously closed at $110.72.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CRUS shares. Wall Street Zen downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Jefferies Financial Group raised shares of Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research note on Wednesday, June 24th. Stifel Nicolaus decreased their target price on Cirrus Logic from $197.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, KeyCorp dropped their price target on Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $150.71.

View Our Latest Report on Cirrus Logic

Cirrus Logic Trading Up 4.9%

The firm has a market capitalization of $5.82 billion, a PE ratio of 14.20 and a beta of 1.16. The business has a 50-day moving average of $127.25 and a 200 day moving average of $145.79.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. Cirrus Logic had a return on equity of 20.61% and a net margin of 21.00%.The business had revenue of $459.72 million for the quarter, compared to analysts’ expectations of $460.32 million. During the same period last year, the business earned $1.51 EPS. The business’s revenue was up 12.9% on a year-over-year basis. On average, sell-side analysts expect that Cirrus Logic, Inc. will post 7.32 EPS for the current fiscal year.

Insider Activity

In other Cirrus Logic news, EVP Andrew Brannan sold 6,464 shares of Cirrus Logic stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $144.71, for a total transaction of $935,405.44. Following the transaction, the executive vice president owned 7,203 shares of the company’s stock, valued at $1,042,346.13. This trade represents a 47.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jeffrey Baumgartner sold 1,166 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $117.89, for a total value of $137,459.74. Following the completion of the transaction, the executive vice president directly owned 14,073 shares of the company’s stock, valued at approximately $1,659,065.97. This represents a 7.65% decrease in their ownership of the stock. 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 11,424 shares of company stock valued at $1,644,091. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRUS. California State Teachers Retirement System lifted its holdings in shares of Cirrus Logic by 14,777.9% in the second quarter. California State Teachers Retirement System now owns 8,769,954 shares of the semiconductor company’s stock worth $1,302,601,000 after buying an additional 8,711,008 shares in the last quarter. BlackRock Inc. bought a new stake in Cirrus Logic during the 2nd quarter worth approximately $840,638,000. Bank of America Corp DE bought a new position in shares of Cirrus Logic in the second quarter worth $168,329,000. Norges Bank purchased a new stake in shares of Cirrus Logic in the 4th quarter valued at about $69,674,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Cirrus Logic in the 2nd quarter valued at about $61,500,000. Hedge funds and other institutional investors 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.