Cirrus Logic (NASDAQ:CRUS) Hits New 12-Month High After Better-Than-Expected Earnings

Cirrus Logic, Inc. (NASDAQ:CRUS) hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $139.91 and last traded at $140.4030, with a volume of 214394 shares trading hands. The stock had previously closed at $124.58.

The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.60. The business had revenue of $580.62 million during the quarter, compared to analysts’ expectations of $531.43 million. Cirrus Logic had a return on equity of 19.59% and a net margin of 19.48%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.51 earnings per share.

Cirrus Logic News Roundup

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

• Positive Sentiment: Q3 results beat consensus: CRUS reported $2.97 EPS vs. ~$2.37 expected and revenue of $580.6M vs. ~$531M, driven by continued demand in core audio and mixed-signal products — this is the primary catalyst for the rally. MarketBeat Earnings Report
• Positive Sentiment: Q4 revenue guidance topped estimates: management guided Q4 revenue to roughly $410M–$470M vs. consensus ~$383.7M, signaling stronger near-term demand and easing visibility concerns. Seeking Alpha: Guidance
• Positive Sentiment: Analysts raised targets after the print: Stifel Nicolaus boosted its target to $163 (buy) and Benchmark to $160 (buy), indicating increased street conviction and upside vs. recent prices. Benzinga: Analyst Actions
• Neutral Sentiment: Earnings call / transcripts and deck available for details: multiple transcripts and the slide deck were published — useful for checking product commentary, customer traction, and margin outlook. MSN Earnings Call Transcript Yahoo Transcript
• Neutral Sentiment: Some commentary flagged Q4 guidance may be lower on a sequential basis (context matters — vs. Street expectations it is higher, but investors should check management’s cadence and margin assumptions in the call). TipRanks Note
• Negative Sentiment: Loop Capital downgraded CRUS to Hold, which could cap short‑term upside if others follow; monitor whether downgrades increase. AmericanBankingNews: Downgrade

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. KeyCorp increased their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Barclays lifted their price objective on shares of Cirrus Logic from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday. Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a research report on Wednesday, November 5th. Zacks Research raised Cirrus Logic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.43.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, EVP Andrew Brannan sold 8,913 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $119.06, for a total value of $1,061,181.78. Following the completion of the transaction, the executive vice president directly owned 5,950 shares in the company, valued at approximately $708,407. This trade represents a 59.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cirrus Logic

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

Cirrus Logic Trading Up 11.8%

The firm has a market capitalization of $7.11 billion, a PE ratio of 20.04 and a beta of 1.12. The business has a 50-day moving average of $123.23 and a 200 day moving average of $119.64.

Cirrus Logic Company Profile

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.