Cirrus Logic (NASDAQ:CRUS) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Cirrus Logic (NASDAQ:CRUS) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday.

Several other research analysts have also commented on CRUS. Barclays raised their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday. Zacks Research raised shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. KeyCorp boosted their target price on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Finally, Williams Trading set a $150.00 target price on Cirrus Logic in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.00.

Cirrus Logic Stock Up 0.0%

Shares of CRUS stock traded up $0.02 during trading hours on Friday, hitting $118.64. 809,451 shares of the company were exchanged, compared to its average volume of 617,570. The firm has a fifty day moving average of $123.53 and a 200 day moving average of $110.95. Cirrus Logic has a 1 year low of $75.83 and a 1 year high of $136.92. The firm has a market cap of $6.09 billion, a PE ratio of 18.57 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.51. The company had revenue of $560.96 million for the quarter, compared to analyst estimates of $540.45 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. Cirrus Logic’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.25 EPS. Cirrus Logic has set its Q3 2026 guidance at EPS. Analysts expect that Cirrus Logic will post 5.63 earnings per share for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the transaction, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. This represents a 29.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares of the company’s stock, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,187 shares of company stock valued at $3,918,128 in the last 90 days. 1.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in shares of Cirrus Logic in the 2nd quarter worth approximately $270,000. Robeco Institutional Asset Management B.V. raised its position in shares of Cirrus Logic by 72.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 298,512 shares of the semiconductor company’s stock valued at $31,121,000 after buying an additional 125,207 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Cirrus Logic during the 1st quarter worth approximately $629,000. United Services Automobile Association bought a new position in shares of Cirrus Logic during the 1st quarter valued at approximately $358,000. Finally, Strs Ohio bought a new position in Cirrus Logic during the first quarter valued at $1,434,000. Institutional investors own 87.96% of the company’s stock.

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.