Cirrus Logic, Inc. (NASDAQ:CRUS) Receives $160.29 Consensus Target Price from Analysts

Cirrus Logic, Inc. (NASDAQ:CRUS) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $160.2857.

Several equities research analysts have recently commented on CRUS shares. KeyCorp reduced their target price on shares of Cirrus Logic from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Zacks Research lowered shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Jefferies Financial Group raised shares of Cirrus Logic to a “buy” rating in a research note on Thursday, June 4th. Finally, Barclays boosted their target price on Cirrus Logic from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th.

Cirrus Logic Trading Down 3.1%

Shares of CRUS opened at $129.42 on Friday. Cirrus Logic has a 1 year low of $92.02 and a 1 year high of $180.42. The stock has a 50 day simple moving average of $150.60 and a 200-day simple moving average of $149.16. The stock has a market cap of $6.53 billion, a PE ratio of 16.51 and a beta of 1.18.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The business had revenue of $459.72 million for the quarter, compared to analyst estimates of $460.32 million. During the same quarter in the previous year, the firm earned $1.51 EPS. Cirrus Logic’s quarterly revenue was up 12.9% on a year-over-year basis. On average, sell-side analysts forecast that Cirrus Logic will post 7.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Scott Thomas sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $180.04, for a total transaction of $234,052.00. Following the completion of the transaction, the executive vice president owned 31,048 shares in the company, valued at approximately $5,589,881.92. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John Forsyth sold 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $170.41, for a total transaction of $852,050.00. Following the completion of the transaction, the chief executive officer directly owned 70,016 shares of the company’s stock, valued at $11,931,426.56. This trade represents a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 23,465 shares of company stock valued at $3,743,219. Insiders own 1.20% of the company’s stock.

Institutional Trading of Cirrus Logic

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Cirrus Logic by 92.3% during the first quarter. Royal Bank of Canada now owns 72,134 shares of the semiconductor company’s stock worth $7,189,000 after acquiring an additional 34,629 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cirrus Logic by 24.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company’s stock worth $132,000 after purchasing an additional 263 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Cirrus Logic by 4.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,457 shares of the semiconductor company’s stock worth $21,372,000 after purchasing an additional 9,658 shares during the period. Focus Partners Wealth bought a new position in Cirrus Logic during the 1st quarter worth about $361,000. Finally, Geneos Wealth Management Inc. increased its holdings in Cirrus Logic by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 232 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Cirrus Logic

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

• Positive Sentiment: Cirrus Logic reported fiscal Q1 2027 earnings of $1.84 per share, exceeding the approximately $1.80–$1.81 consensus estimate and improving from $1.51 a year earlier. Cirrus Logic Q1 Earnings Surpass Estimates
• Positive Sentiment: Fiscal Q1 revenue reached a record $459.7 million, up 12.9% year over year, while net margin was 20.75%. The results indicate continued year-over-year growth in the semiconductor business. Cirrus Logic Reports Record Fiscal Q1 2027 Results
• Neutral Sentiment: Management discussed the fiscal Q1 results and outlook during the earnings call, giving investors additional detail on demand trends and upcoming-quarter expectations. Cirrus Logic Q1 2027 Earnings Call Transcript
• Negative Sentiment: Cirrus Logic’s fiscal Q1 revenue of $459.7 million was slightly below the roughly $460.3 million consensus estimate, limiting the impact of the EPS beat. Cirrus Logic Earnings Report
• Negative Sentiment: The company’s fiscal Q2 2027 revenue guidance of $510 million to $570 million was below the $572.4 million analyst consensus at the midpoint, signaling a softer near-term outlook. Cirrus Logic Plunges as Q1 Results Show Weaker-Than-Expected Audio Sales
• Negative Sentiment: Investors reacted negatively to weaker-than-expected audio sales, which raised concerns about demand in a key business area and overshadowed the earnings beat. Cirrus Logic Plunges as Q1 Results Show Weaker-Than-Expected Audio Sales

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.