Insider Selling: Cirrus Logic (NASDAQ:CRUS) EVP Sells 8,913 Shares of Stock

Cirrus Logic, Inc. (NASDAQ:CRUS) EVP Andrew Brannan sold 8,913 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 5,950 shares in the company, valued at approximately $708,407. This represents a 59.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS traded up $0.07 during trading on Tuesday, reaching $115.51. The stock had a trading volume of 538,047 shares, compared to its average volume of 616,339. The stock has a market cap of $5.89 billion, a PE ratio of 18.08 and a beta of 1.11. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $136.92. The firm’s 50 day moving average price is $124.05 and its two-hundred day moving average price is $112.16.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm had revenue of $560.96 million during the quarter, compared to analyst estimates of $540.45 million. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. On average, research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Hedge Funds Weigh In On Cirrus Logic

Hedge funds have recently modified their holdings of the company. Diversified Trust Co grew its holdings in Cirrus Logic by 0.9% during the third quarter. Diversified Trust Co now owns 8,974 shares of the semiconductor company’s stock worth $1,124,000 after acquiring an additional 78 shares during the period. EP Wealth Advisors LLC lifted its stake in Cirrus Logic by 1.7% during the second quarter. EP Wealth Advisors LLC now owns 5,739 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Cirrus Logic by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock worth $1,564,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Cirrus Logic by 3.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,394 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 107 shares during the last quarter. Finally, Somerset Trust Co grew its holdings in shares of Cirrus Logic by 3.5% in the 2nd quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 110 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRUS has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Thursday. Williams Trading set a $150.00 target price on Cirrus Logic in a research report on Wednesday, November 5th. KeyCorp raised their target price on Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Barclays upped their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.