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

10 Sep 2026, 19:03 by Tristan Rich · The Markets Daily

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRUS shares. Barclays dropped their target price on shares of Cirrus Logic from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. KeyCorp lowered their price objective on shares of Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Stifel Nicolaus reduced their target price on Cirrus Logic from $197.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a research note on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $150.71.

Get Our Latest Analysis on CRUS

Cirrus Logic Price Performance

The stock has a market capitalization of $5.82 billion, a PE ratio of 14.20 and a beta of 1.16. The firm’s 50 day simple moving average is $127.25 and its 200 day simple moving average is $145.79.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $1.84 earnings per share (EPS) 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 company had revenue of $459.72 million during the quarter, compared to analysts’ expectations of $460.32 million. During the same quarter in the prior year, the company earned $1.51 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. Analysts expect that Cirrus Logic, Inc. will post 7.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

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

Institutional Investors Weigh In On Cirrus Logic

Several institutional investors have recently bought and sold shares of CRUS. Caitong International Asset Management Co. Ltd lifted its position in Cirrus Logic by 7,333.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Cirrus Logic by 120.0% in the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 120 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Cirrus Logic in the fourth quarter worth $36,000. Coppell Advisory Solutions LLC purchased a new position in shares of Cirrus Logic in the second quarter worth $39,000. Finally, Elevation Wealth Partners LLC raised its holdings in Cirrus Logic by 72.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 295 shares of the semiconductor company’s stock valued at $44,000 after buying an additional 124 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

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.