Cirrus Logic (NASDAQ:CRUS) Cut to Hold at Loop Capital

Loop Capital lowered shares of Cirrus Logic (NASDAQ:CRUS) from a buy rating to a hold rating in a report published on Monday, Marketbeat Ratings reports. Loop Capital currently has $130.00 target price on the semiconductor company’s stock.

A number of other research analysts have also recently weighed in on CRUS. KeyCorp boosted their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Williams Trading set a $150.00 price target on shares of Cirrus Logic in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus raised their price objective on shares of Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Susquehanna boosted their target price on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.43.

Cirrus Logic Price Performance

Shares of NASDAQ CRUS opened at $134.91 on Monday. Cirrus Logic has a 1-year low of $75.83 and a 1-year high of $144.24. The business’s 50 day moving average is $123.54 and its two-hundred day moving average is $119.75. The stock has a market capitalization of $6.88 billion, a P/E ratio of 17.77 and a beta of 1.12.

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

Insider Buying and Selling at Cirrus Logic

In other news, EVP Andrew Brannan sold 8,913 shares of Cirrus Logic stock in a transaction that occurred on Friday, November 14th. The shares were 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 of the company’s stock, valued at approximately $708,407. The trade was a 59.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRUS. Royal Bank of Canada lifted its holdings in shares of Cirrus Logic by 92.3% in the 1st quarter. Royal Bank of Canada now owns 72,134 shares of the semiconductor company’s stock worth $7,189,000 after buying an additional 34,629 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cirrus Logic by 24.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company’s stock worth $132,000 after acquiring an additional 263 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cirrus Logic by 4.7% in the first 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 acquiring 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 position in Cirrus Logic by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 232 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Cirrus Logic

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.