Cirrus Logic (NASDAQ:CRUS) Price Target Raised to $163.00 at Stifel Nicolaus

Cirrus Logic (NASDAQ:CRUS) had its target price hoisted by Stifel Nicolaus from $150.00 to $163.00 in a research note published on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Several other research firms also recently commented on CRUS. Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Susquehanna boosted their target price on Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Williams Trading set a $150.00 price target on Cirrus Logic in a report on Wednesday, November 5th. Benchmark lifted their price objective on Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.43.

Cirrus Logic Price Performance

NASDAQ CRUS opened at $134.91 on Wednesday. The company has a market cap of $6.88 billion, a P/E ratio of 17.77 and a beta of 1.12. The stock has a 50-day moving average of $123.54 and a two-hundred day moving average of $119.75. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $144.24.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.60. The business had revenue of $580.62 million for the quarter, compared to analysts’ expectations of $531.43 million. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.74%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 earnings per share. On average, analysts anticipate that Cirrus Logic will post 5.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew Brannan sold 8,913 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the completion of the sale, the executive vice president owned 5,950 shares in the company, valued at $708,407. The trade was a 59.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.16% of the stock is currently owned by insiders.

Institutional Trading of Cirrus Logic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRUS. Inspire Investing LLC raised its holdings in Cirrus Logic by 186.9% during the third quarter. Inspire Investing LLC now owns 13,241 shares of the semiconductor company’s stock worth $1,659,000 after purchasing an additional 8,625 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Cirrus Logic during the 2nd quarter worth approximately $270,000. CWA Asset Management Group LLC purchased a new position in shares of Cirrus Logic during the 3rd quarter worth approximately $2,635,000. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Cirrus Logic by 852.1% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 22,242 shares of the semiconductor company’s stock valued at $2,319,000 after buying an additional 19,906 shares during the period. Finally, Aviva PLC boosted its stake in shares of Cirrus Logic by 42.4% in the second quarter. Aviva PLC now owns 8,291 shares of the semiconductor company’s stock valued at $864,000 after buying an additional 2,467 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Key Cirrus Logic News

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

• Positive Sentiment: Q3 results: Cirrus reported $2.97 EPS vs. consensus ~$2.37 and revenue of $580.6M (above estimates), with management citing smartphone demand and a favorable device mix — the core reason shares rallied. Zacks: Q3 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Guidance upside: Management provided Q4 revenue guidance ($410M–$470M) that topped Street expectations (~$383.7M), which investors interpreted as durable demand into the next quarter. Seeking Alpha: Q4 Guidance Dwarfs Expectations
• Positive Sentiment: Analyst upgrades/price-target increases: Stifel raised its target to $163 (buy) and Benchmark to $160 after the quarter, providing momentum and signaling institutional confidence in forward outlook. The Fly / Benzinga: Price Targets Raised
• Neutral Sentiment: Investor and media coverage: Multiple transcripts, conference-call coverage and commentary (including a video highlighting ties to Apple) are amplifying the beat/guidance narrative but mostly reiterate the same drivers (smartphone exposure, device mix). These items support visibility rather than change fundamentals. YouTube: Overlooked Stock: CRUS Earnings Rally & Ties to AAPL
• Negative Sentiment: Mixed analyst view: Loop Capital recently downgraded CRUS to Hold, a cautionary note that some firms see limited near-term upside despite the beat — a potential headwind if guidance or demand signals weaken. American Banking News: Loop Capital Downgrades to Hold

About Cirrus Logic

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.